(SHEN)

Role: Director
Signature: /s/ Christopher E French Attorney in Fact for Richard L Koontz Jr
Issuer symbol: SHEN
Transactions as of: 02 Jan 2025
Net transactions value: +$500
Form type: 4
Filing time: 02 Jan 2025, 16:23:52 UTC
Previous filing: 03 Dec 2024
Next filing: 03 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHEN	Common Stock	Award	$500	+40	+0.07%	$12.61	53,261	02 Jan 2025	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Shares received in lieu of director fees.
F2	Includes 378.1944 shares acquired through Dividend Reinvestment on 12-2-24