(SHEN)

Role: President & CEO
Signature: Christopher E French
Stock symbol: SHEN
Transactions as of: Jul 23, 2024
Transactions value $: $0
Form type: 4
Date filed: 7/23/2024, 06:37 PM
Previous filing: Jun 14, 2024
Next filing: Aug 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHEN	Common Stock	Other	$0	-15.1K	-17.89%	$0.00	69.5K	Jul 23, 2024	By Spouse	F1
transaction	SHEN	Common Stock	Other	$0	+15.1K	+4.66%	$0.00	340K	Jul 23, 2024	Direct	F2
holding	SHEN	Common Stock						37.8K	Jul 23, 2024	By Son
holding	SHEN	Common Stock						167K	Jul 23, 2024	TTEE U/A WBF fbo Grandchildren	F3
holding	SHEN	Common Stock						137K	Jul 23, 2024	TTEE French Grandchildren Trust	F3
holding	SHEN	Common Stock						345K	Jul 23, 2024	By Son as TTEE of French Family Trust	F3
holding	SHEN	Common Stock						131K	Jul 23, 2024	TTEE WBF fbo Cynthia	F3
holding	SHEN	Common Stock						340K	Jul 23, 2024	TTEE WBF fbo Anne	F3
holding	SHEN	Common Stock						340K	Jul 23, 2024	TTEE WBF fbo Christopher	F3

* 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	The total indirect beneficial ownership reflects a decrease of 15,144 shares due to the transfer of 15,144 shares into a joint account with the reporting person.
F2	The total direct beneficial ownership reflects an increase of 15,144 shares due to the transfer of 15,144 shares previously reported by the reporting person as being held indirectly by his spouse into a joint account with his spouse.
F3	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.