(SHEN)

Role: President & CEO
Signature: Christopher E French
Issuer symbol: SHEN
Transactions as of: 11 Aug 2025
Net transactions value: +$198,677
Form type: 4
Filing time: 12 Aug 2025, 09:00:20 UTC
Previous filing: 11 Mar 2025
Next filing: 05 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
FRENCH CHRISTOPHER E	President & CEO	PO BOX 459, EDINBURG	Christopher E French	12 Aug 2025	0001120042

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHEN	Common Stock	Purchase	$198,677	+16,800	+4.3%	$11.83	410,517	11 Aug 2025	Direct	F1
holding	SHEN	Common Stock						86,485	11 Aug 2025	By Spouse
holding	SHEN	Common Stock						37,796	11 Aug 2025	By Son
holding	SHEN	Common Stock						361,500	11 Aug 2025	By Son as TTEE of French Family Trust	F2
holding	SHEN	Common Stock						127,636	11 Aug 2025	TTEE WBF fbo Cynthia	F2
holding	SHEN	Common Stock						339,966	11 Aug 2025	TTEE WBF fbo Anne	F2
holding	SHEN	Common Stock						339,966	11 Aug 2025	TTEE WBF fbo Christopher	F2
holding	SHEN	Common Stock						102,855	11 Aug 2025	TTEE FGCT fbo Rebecca	F2
holding	SHEN	Common Stock						101,640	11 Aug 2025	TTEE FGCT fbo Warren	F2
holding	SHEN	Common Stock						99,537	11 Aug 2025	TTEE FGCT fbo Stuart	F2

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $11.7550 to $11.88, inclusive. The reporting person undertakes to provide Shenandoah Telecommunications Company, any security holder of Shenandoah Telecommunications Company or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F2	These shares are held in trust for the benefit of certain relatives of Mr. French. Mr. French disclaims beneficial ownership of the shares as to which he has no pecuniary interest and this filing is not an admission that Mr. French is the beneficial owner of such shares.

Content

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $11.7550 to $11.88, inclusive. The reporting person undertakes to provide Shenandoah Telecommunications Company, any security holder of Shenandoah Telecommunications Company or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

These shares are held in trust for the benefit of certain relatives of Mr. French. Mr. French disclaims beneficial ownership of the shares as to which he has no pecuniary interest and this filing is not an admission that Mr. French is the beneficial owner of such shares.