| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| ECP ControlCo, LLC | 10%+ Owner | 40 BEECHWOOD ROAD, SUMMIT, | ECP ControlCo, LLC, By: /s/ Jennifer Gray, General Counsel | 2025-06-10 | 0001707921 |
| Energy Capital Partners IV, LLC | 10%+ Owner | 40 BEECHWOOD ROAD, SUMMIT, | Energy Capital Partners IV, LLC, By: ECP ControlCo, LLC, its managing member, By: /s/ Jennifer Gray, General Counsel | 2025-06-10 | 0001845291 |
| Energy Capital Partners GP IV, LP | 10%+ Owner | 40 BEECHWOOD ROAD, SUMMIT, | Energy Capital Partners GP IV, LP, By: Energy Capital Partners IV, LLC, its general partner, By: ECP ControlCo, LLC, its managing member, By: /s/ Jennifer Gray, General Counsel | 2025-06-10 | 0001844921 |
| ENERGY CAPITAL PARTNERS IV-A, LP | 10%+ Owner | 40 BEECHWOOD ROAD, SUMMIT, | Energy Capital Partners IV-A, LP, By Energy Capital Partners GP IV, LP, its general partner, By Energy Capital Partners IV, LLC, its general partner, By ECP ControlCo, LLC, its managing member, By /s/ Jennifer Gray, General Counsel | 2025-06-10 | 0001726198 |
| ENERGY CAPITAL PARTNERS IV-B, LP | 10%+ Owner | 40 BEECHWOOD ROAD, SUMMIT, | Energy Capital Partners IV-B, LP, By Energy Capital Partners GP IV, LP, its general partner, By Energy Capital Partners IV, LLC, its general partner, By ECP ControlCo, LLC, its managing member, By /s/ Jennifer Gray, General Counsel | 2025-06-10 | 0001726216 |
| ENERGY CAPITAL PARTNERS IV-C, LP | 10%+ Owner | 40 BEECHWOOD ROAD, SUMMIT, | Energy Capital Partners IV-C, LP, By Energy Capital Partners GP IV, LP, its general partner, By Energy Capital Partners IV, LLC, its general partner, By ECP ControlCo, LLC, its managing member, By /s/ Jennifer Gray, General Counsel | 2025-06-10 | 0001726217 |
| ENERGY CAPITAL PARTNERS IV-D, LP | 10%+ Owner | 40 BEECHWOOD ROAD, SUMMIT, | Energy Capital Partners IV-D, LP, By: Energy Capital Partners GP IV, LP, its GP, By: Energy Capital Partners IV, LLC, its GP, By: ECP ControlCo, LLC, its managing member, By: /s/ Jennifer Gray, General Counsel | 2025-06-10 | 0001726219 |
| Energy Capital Partners IV-B (Hill City IP), LP | 10%+ Owner | 40 BEECHWOOD ROAD, SUMMIT, | Energy Capital Partners IV-B (Hill City IP), LP, By Energy Capital Partners IV-B, LP, By Energy Capital Partners GP IV, LP, By Energy Capital Partners IV, LLC, By ECP ControlCo, LLC, By /s/ Jennifer Gray, General Counsel | 2025-06-10 | 0002032499 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SHEN | Common Stock | Purchase | $190K | +14.2K | +0.53% | $13.42 | 2.67M | Jun 6, 2025 | See Footnotes | F1, F2, F3 |
| transaction | SHEN | Common Stock | Purchase | $131K | +9.5K | +0.36% | $13.75 | 2.68M | Jun 9, 2025 | See Footnotes | F2, F3, F4 |
| 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 $13.24 to $13.50. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. |
| F2 | The securities are held of record by Hill City Holdings, LP ("Hill City"). ECP ControlCo, LLC is the managing member of Energy Capital Partners IV, LLC, which is the general partner of Energy Capital Partners GP IV, LP, which is the general partner of each of (i) Energy Capital Partners IV-A, LP, (ii) Energy Capital Partners IV-B, LP, (iii) Energy Capital Partners IV-C, LP, and (iv) Energy Capital Partners IV-D, LP (the "Funds"). Energy Capital Partners GP IV, LP is also the general partner of Energy Capital Partners IV-B (Hill City IP), LP ("Hill City IP"). Each of (i) Energy Capital Partners IV-A, LP, (ii) Hill City IP, (iii) Energy Capital Partners IV-C, LP, and (iv) Energy Capital Partners IV-D, LP are the members of Hill City Holdings GP, LLC, which is the general partner of Hill City. |
| F3 | ECP ControlCo, LLC is controlled by its board of managers, which consists of Douglas Kimmelman, Peter Labbat, Tyler Reeder, Rahman D'Argenio, Raoul Hughes and Xavier Robert, all of whom collectively share the power to vote and dispose of the securities beneficially owned by ECP ControlCo, LLC. As a result of these relationships, each of the foregoing entities and individuals may be deemed to share beneficial ownership of the securities held of record by Hill City. Each such entity and individual disclaims beneficial ownership of these securities except to the extent of their pecuniary interest therein. |
| F4 | The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $13.74 to $13.75. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. |
Due to filing limitations of the electronic filing system, each of ECP Fiber Holdings GP, LLC, ECP Fiber Holdings, LP, Hill City Holdings GP, LLC and Hill City Holdings, LP are filing a separate Form 4.