(SHEN)

Reporting relationship: 10%+ Owner
Issuer ticker: SHEN
Reported as of: 10 Sep 2025
Net transaction value: +$203,965
SEC form: 4
Accepted by SEC: 12 Sep 2025, 16:30:07 UTC
Prior SEC filing: 10 Sep 2025
Source filing: View source filing
Reporting owner signature: ECP Fiber Holdings GP, LLC, By: /s/ Matthew DeNichilo, Chief Executive Officer

Key filing fact

ECP Fiber Holdings GP, LLC filed Form 4 for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN) on 12 Sep 2025.

Key facts

This page summarizes ECP Fiber Holdings GP, LLC's Form 4 filing for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 12 Sep 2025, 16:30.

Change

Previous filing in this sequence was filed on 10 Sep 2025.
Current net transaction value: +$203,965.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (4)

CIK 0002032452 Primary reporting owner

ECP Fiber Holdings GP, LLC

Relationship: 10%+ Owner
Address: 40 BEECHWOOD ROAD, SUMMIT,
Signature: ECP Fiber Holdings GP, LLC, By: /s/ Matthew DeNichilo, Chief Executive Officer
Signature date: 12 Sep 2025

CIK 0002032502

ECP Fiber Holdings, LP

Relationship: 10%+ Owner
Address: 40 BEECHWOOD ROAD, SUMMIT,
Signature: ECP Fiber Holdings, LP, By: ECP Fiber Holdings GP, LLC, its general partner, By: /s/ Matthew DeNichilo, Chief Executive Officer
Signature date: 12 Sep 2025

CIK 0002032495

Hill City Holdings GP, LLC

Relationship: 10%+ Owner
Address: 40 BEECHWOOD ROAD, SUMMIT,
Signature: Hill City Holdings GP, LLC, By: /s/ Jennifer Gray, Executive Vice President and Secretary
Signature date: 12 Sep 2025

CIK 0001881388

Hill City Holdings, LP

Relationship: 10%+ Owner
Address: 40 BEECHWOOD ROAD, SUMMIT,
Signature: Hill City Holdings, LP, By: Hill City Holdings GP, LLC, its general partner, By: /s/ Jennifer Gray, Executive Vice President and Secretary
Signature date: 12 Sep 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SHEN transaction

Common Stock

Purchase

Transaction value: $179,912
Shares: +13,541
Change %: +0.39%
Price: $13.29
Shares after: 3,455,302
Date: 10 Sep 2025
Ownership: See Footnotes
Footnotes: F1, F2, F3

SHEN transaction

Common Stock

Purchase

Transaction value: $24,053
Shares: +1,803
Change %: +0.05%
Price: $13.34
Shares after: 3,457,105
Date: 11 Sep 2025
Ownership: See Footnotes
Footnotes: F2, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $13.11 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.

Footnote F2

The securities are held of record by 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.

Footnote 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.

Footnote F4

The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $13.26 to $13.39. 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.

SEC remarks

Due to filing limitations of the electronic filing system, each of ECP ControlCo, LLC, Energy Capital Partners IV, LLC, Energy Capital Partners GP IV, LP, Energy Capital Partners IV-A, LP, Energy Capital Partners IV-B, LP, Energy Capital Partners IV-C, LP, Energy Capital Partners IV-D, LP and Energy Capital Partners IV-B (Hill City IP), LP are filing a separate Form 4.