SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

Hilltop National Bank's Holding History (CIK: 0002021658)

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

Q3 2025

Shares 400 Value ($000) $5 Avg Close $13.74 Range $11.71 - $15.84

Q2 2025

Shares 200 Value ($000) $3 Avg Close $12.69 Range $10.07 - $14.46

Q4 2024

Shares 200 Value ($000) $3 Avg Close $13.44 Range $12.01 - $16.28

Q3 2024

Shares 200 Value ($000) $3 Avg Close $16.52 Range $13.51 - $21.89

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	400	$5	$13.74	$11.71 - $15.84
Q2 2025	200	$3	$12.69	$10.07 - $14.46
Q4 2024	200	$3	$13.44	$12.01 - $16.28
Q3 2024	200	$3	$16.52	$13.51 - $21.89