SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

Trexquant Investment LP's Holding History (CIK: 0001633445)

Note: Option positions (PUT/CALL) are excluded.

Q4 2018

Shares 13,602 Value ($000) $602 Avg Close $42.67 Range $34.74 - $51.41

Q3 2018

Shares 11,196 Value ($000) $434 Avg Close $35.63 Range $31.10 - $39.40

Q1 2018

Shares 44,940 Value ($000) $1,618 Avg Close $33.27 Range $30.00 - $38.60

Q3 2017

Shares 5,858 Value ($000) $218 Avg Close $33.93 Range $28.00 - $39.48

Q4 2015

Shares 6,892 Value ($000) $297 Avg Close $23.10 Range $19.63 - $25.67

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2018	13,602	$602	$42.67	$34.74 - $51.41
Q3 2018	11,196	$434	$35.63	$31.10 - $39.40
Q1 2018	44,940	$1,618	$33.27	$30.00 - $38.60
Q3 2017	5,858	$218	$33.93	$28.00 - $39.48
Q4 2015	6,892	$297	$23.10	$19.63 - $25.67