SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

GCM Grosvenor Holdings, LLC's Holding History (CIK: 0001939480)

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

Q4 2025

Shares 4,105,126 Value ($000) $47,455 Avg Close $11.83 Range $9.67 - $13.90

Q3 2025

Shares 4,105,126 Value ($000) $55,091 Avg Close $13.74 Range $11.71 - $15.84

Q2 2025

Shares 4,105,126 Value ($000) $56,076 Avg Close $12.69 Range $10.07 - $14.46

Q1 2025

Shares 4,105,126 Value ($000) $51,601 Avg Close $11.76 Range $9.77 - $13.61

Q4 2024

Shares 4,100,375 Value ($000) $57,856 Avg Close $13.44 Range $12.01 - $16.28

Q3 2024

Shares 4,100,375 Value ($000) $57,856 Avg Close $16.52 Range $13.51 - $21.89

Q2 2024

Shares 4,100,375 Value ($000) $66,959 Avg Close $16.11 Range $11.87 - $19.32

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,105,126	$47,455	$11.83	$9.67 - $13.90
Q3 2025	4,105,126	$55,091	$13.74	$11.71 - $15.84
Q2 2025	4,105,126	$56,076	$12.69	$10.07 - $14.46
Q1 2025	4,105,126	$51,601	$11.76	$9.77 - $13.61
Q4 2024	4,100,375	$57,856	$13.44	$12.01 - $16.28
Q3 2024	4,100,375	$57,856	$16.52	$13.51 - $21.89
Q2 2024	4,100,375	$66,959	$16.11	$11.87 - $19.32