SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

Aquatic Capital Management LLC's Holding History (CIK: 0001803916)

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

Q4 2025

Shares 27,666 Value ($000) $320 Avg Close $11.83 Range $9.67 - $13.90

Q3 2025

Shares 34,696 Value ($000) $466 Avg Close $13.74 Range $11.71 - $15.84

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	27,666	$320	$11.83	$9.67 - $13.90
Q3 2025	34,696	$466	$13.74	$11.71 - $15.84