Energy Capital Partners Management, LP - Jul 30, 2024 Form 3 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role: Director, 10%+ Owner
Signature: Energy Capital Partners Management, LP, By: ECP Management GP, LLC, its general partner, By: ECP ControlCo, LLC, its sole member, By: /s/ Christopher M. Leininger, Partner and General Counsel
Stock symbol: SHEN
Transactions as of: Jul 30, 2024
Transactions value $: $0
Form type: 3
Date filed: 8/1/2024, 07:30 PM
Next filing: Aug 29, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	SHEN	Restricted Stock Units							Jul 30, 2024	Common Stock	4.75K		See footnote	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	The restricted stock units vest on July 30, 2025, and have no expiration date.
F2	Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F3	The securities are held of record by Energy Capital Partners Management, LP ("ECP Management"). ECP ControlCo, LLC is the sole member of ECP Management GP, LLC, which is the general partner of ECP Management. The managing members of ECP ControlCo, LLC are Douglas Kimmelman, Andrew Singer, Peter Labbat, Tyler Reeder and Rahman D'Argenio, 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 ECP Management. Each such entity and individual disclaims beneficial ownership of these securities except to the extent of their pecuniary interest therein.