(SHEN)

Role: President & CEO
Signature: Christopher E French
Issuer symbol: SHEN
Transactions as of: 23 Jul 2024
Net transactions value: $0
Form type: 4
Filing time: 23 Jul 2024, 18:37:38 UTC
Previous filing: 14 Jun 2024
Next filing: 09 Aug 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHEN	Common Stock	Other	$0	-15,144	-18%	$0.000000	69,485	23 Jul 2024	By Spouse	F1
transaction	SHEN	Common Stock	Other	$0	+15,144	+4.7%	$0.000000	339,894	23 Jul 2024	Direct	F2
holding	SHEN	Common Stock						37,796	23 Jul 2024	By Son
holding	SHEN	Common Stock						167,104	23 Jul 2024	TTEE U/A WBF fbo Grandchildren	F3
holding	SHEN	Common Stock						136,928	23 Jul 2024	TTEE French Grandchildren Trust	F3
holding	SHEN	Common Stock						345,000	23 Jul 2024	By Son as TTEE of French Family Trust	F3
holding	SHEN	Common Stock						130,754	23 Jul 2024	TTEE WBF fbo Cynthia	F3
holding	SHEN	Common Stock						339,966	23 Jul 2024	TTEE WBF fbo Anne	F3
holding	SHEN	Common Stock						339,966	23 Jul 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.