| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| VOLK JAMES J | SVP Finance & CFO | PO BOX 459, EDINBURG | Christopher E French Attorney in Fact for James J Volk | 12 Feb 2026 | 0001241581 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SHEN | Common Stock | Award | $0 | +11,141 | +19% | $0.000000 | 70,927 | 02 Feb 2026 | Direct | F1 |
| transaction | SHEN | Common Stock | Award | $0 | +2,047 | +2.9% | $0.000000 | 72,974 | 02 Feb 2026 | Direct | F2, F3, F4 |
| holding | SHEN | Common Stock | 5,504 | 02 Feb 2026 | Spouse |
| Id | Content |
|---|---|
| F1 | Represents the vesting Strategic Retention Performance Share Units granted February 22, 2023. Performance for this award was measured based on the number of Fiber-To-The-Home passings, capital expenditure per incremental passings, and Adjusted Earnings Before Interest Taxes, Depreciation and Amortization for the three-year period ending December 31, 2025. |
| F2 | Represents vesting of performance-based Restricted Stock Units granted February 22, 2023. Performance for this award was measured on the Issuer's relative total return (TSR) compared to the TSR of a group of companies in the NASDAQ Telecom Index with a Market Cap between 100 million and 100 billion, above and below the Issuer's then current Market Cap. |
| F3 | Includes 32.473 shares acquired through Dividend Reinvestment on 12-1-25. |
| F4 | This Form 4/A is being filed to correct an immaterial clerical error in the number of shares reported as vesting pursuant to Strategic Retention Performance Share Units in the Form 4 filed on February 5, 2026. No other changes have been made. |