SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

INCEPTIONR LLC's Holding History (CIK: 0001821561)

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

Q4 2025

Shares 19,101 Value ($000) $221 Avg Close $11.83 Range $9.67 - $13.90

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	19,101	$221	$11.83	$9.67 - $13.90