ECP ControlCo, LLC

ECP ControlCo (10% owner) purchased 15,344 shares at $13.29 avg in 2 transactions totaling $203,965.24

ECP ControlCo acquired 15,344 shares across 2 separate purchases on 2025-09-10 and 2025-09-11 at a blended average price of $13.29, increasing holdings to 3,457,105 shares. The current price of $13.56 is -17.3% from the 52-week high and only +5.2% over the prior 30 days, suggesting modest recent momentum in a stock that has declined substantially from its yearly peak. The acquirer's same-ticker history shows 5 prior buys at SHEN within days of this filing (all from 2025-09-03 through 2025-09-09), indicating a concentrated accumulation pattern over a short window. However, the company's latest quarterly fundamentals are mixed: while annual revenue growth is +14.2%, the most recent quarter shows a net loss of $-9,132,000 against revenue of $88,568,000, which warrants attention to underlying operational trends driving the acquisition.

ECP ControlCo (10% owner) bought 509 shares at $13.41 avg on 2025-09-08/09

ECP ControlCo, LLC, a 10% shareholder, executed 2 separate purchases totaling 509 shares for $6,824.89 over two consecutive trading days at prices near current levels ($13.41 blended avg vs. $13.27 current). The holdings increase of 509 shares represents a +0.0% change to the existing 3.44M share position, indicating a routine maintenance-level addition. SHEN trades at a P/E of 3.75 with recent quarterly net income of $-9,132,000.00 against revenue of $88,568,000.00, though annual revenue growth stands at +14.2%. The stock is -19.1% from its 52-week high but up +11.7% over the past 30 days. All five of the insider's prior purchases at this ticker (2025-09-02 through 2025-09-10) remain within their measurement windows with no outcome data yet available, preventing any assessment of timing pattern at SHEN specifically.

ECP ControlCo (10% owner) purchased 5,068 shares across 2 transactions for $67,148.80 at $12.96–$13.45

ECP ControlCo, a 10% owner of Shenandoah Telecommunications, executed 2 separate open-market purchases totaling 5,068 shares for $67,148.80, increasing holdings from 3.44M shares to 3.44M shares (+0.1%). The blended average price of $13.25 sits 2.8% below the current price of $13.63 and well above the 52-week low of $10.50, placing the transaction within the upper third of the recent trading range. The company is currently unprofitable, reporting a latest-quarter net income of $-9.1M against revenue of $88.6M, though annual revenue growth stands at +14.2%. ECP ControlCo's 5 most recent same-ticker purchases (Aug 28 through Sep 8) are too recent to measure performance outcomes, and no pattern of well-timed execution has emerged from the 0 measurable historical trades at this ticker.

ECP ControlCo (10% owner) bought 58,951 shares for $760,393.71 in two tranches, raising stake by 1.7% to 3.44M shares

ECP ControlCo, a 10% shareholder, executed two separate purchases totaling 58,951 shares at $12.90 blended average on September 2–3, 2025, expanding holdings from 3,377,233 to 3,436,184 shares. This followed four prior buys at the same ticker within the previous week (August 26–29), establishing a pattern of consistent accumulation while the stock was down 20.0% from its 52-week high of $16.40. The company's latest quarterly revenue of $88,568,000.00 and positive annual growth of 14.2% contrast sharply with a net loss of $-9,132,000.00, creating uncertainty about near-term profitability. The insider's cross-ticker track record shows minimal outperformance (average 30-day return +0.2% across 20 prior buys), and same-ticker outcomes remain unmeasured due to recent timing.

ECP ControlCo (10% owner) bought 26,358 shares totaling $349,452.46 at blended avg $13.26 vs current $12.95

ECP ControlCo, a 10% owner of Shenandoah Telecommunications, executed 2 separate purchases totaling 26,358 shares for $349,452.46 on 2025-08-28 and 2025-08-29 at a blended average price of $13.26. The current stock price of $12.95 is 21.0% below the 52-week high, and the company reported a net loss of $9,132,000 in the latest quarter alongside annual revenue growth of 14.2%. The insider's 5 prior trades at SHEN remain unmeasurable (too recent), so no predictive pattern exists at this ticker; however, the cross-ticker track record shows 20 prior buys with an average 30-day return of -2.9%, suggesting past purchases have not immediately reversed downward price momentum. The low P/E of 3.66 and large position increase (+0.8% to 3.38M shares) indicate continued commitment, but the timing into a depressed price window carries execution risk given recent purchase returns elsewhere.

ECP ControlCo (10% owner) buys 7,253 shares in 2 transactions at $13.27 blended avg; stock down -10.5% in 30 days

ECP ControlCo, a 10% owner, acquired 7,253 shares across two transactions on 2025-08-26 and 2025-08-27 at a blended average price of $13.27, expanding holdings from 3,343,622 to 3,350,875 shares. The purchase occurs with SHEN trading at $13.25 (current), down -10.5% over the past 30 days and -19.2% from its 52-week high of $16.40, while the company reported a net loss of $9,132,000.00 in its latest quarter despite annual revenue growth of +14.2%. The insider's prior five trades at SHEN (2025-08-20 through 2025-08-28) all occurred within a narrow 9-day window, suggesting coordinated acquisition activity during a depressed price window rather than opportunistic bottom-picking. However, all five prior same-ticker trades remain too recent to measure 90-day outcomes, and the insider's broader cross-ticker timing record shows 0 of 0 prior buys were well-timed at the 90-day mark, offering no statistical confidence in the timing judgment here.

ECP ControlCo (10% owner) purchased 5,500 shares at blended average $13.09 in two transactions (Aug 22–25)

ECP ControlCo, a 10% shareholder in SHEN, executed 2 separate purchases totaling 5,500 shares for $72,008.35 at an average price of $13.09 on August 22 and 25, 2025. The transactions increased its stake from 3,338,122 to 3,343,622 shares, a net addition of +0.2% relative to pre-transaction holdings. The purchases occurred within the context of a stock trading -19.2% from its 52-week high of $16.40 and down 12.7% over the prior 30 days, though the company is experiencing positive annual revenue growth of +14.2% alongside recent net losses of $9.1M in the latest quarter. The timing and magnitude of these acquisitions—modest relative to the holder's existing 3.34M-share position—reflect continued accumulation rather than a meaningful shift in conviction.

10% Owner ECP ControlCo purchases 24,492 shares for $307,841.27 across 2 trades; cluster pattern emerges as 2 other insiders also bought within 14 days

ECP ControlCo, LLC, a 10% owner, executed two separate purchases totaling 24,492 shares for $307,841.27 (blended average $12.57) on 2025-08-20 and 2025-08-21, increasing holdings from 3,313,630 to 3,338,122 shares. The timing is noteworthy: the stock is currently -19.6% from its 52-week high and -16.0% over the past 30 days, yet this major shareholder continues to accumulate. A cluster pattern amplifies the signal—2 other insiders purchased within the same 14-day window, suggesting coordinated conviction at depressed levels. The company's fundamentals show mixed signals: revenue growth of +14.2% year-over-year, but latest quarterly net income of $-9,132,000.00 indicates operational challenges. Investors should note the convergence of insider accumulation during a period of price weakness alongside negative near-term earnings, warranting attention to whether this reflects value-opportunistic positioning or foreknowledge of upcoming headwinds.

10% owner ECP ControlCo bought 30,607 shares in 2 transactions for $383,338.23 at SHEN; cluster pattern with 2 other insiders buying in past 14 days

ECP ControlCo, a 10% owner of Shenandoah Telecommunications, made two separate purchases totaling 30,607 shares for $383,338.23, executed at blended average price of $12.52 on August 18–19, 2025. The current stock price of $12.53 sits near the transaction levels, down 23.6% from its 52-week high of $16.40 and off 17.3% over the past 30 days, though up 10.8% over 90 days. The company reported negative net income of $-9.1M in the latest quarter against revenue of $88.6M, yet shows annual revenue growth of 14.2%. Notably, two other insiders also purchased shares within the past 14 days, forming a cluster buy pattern, though all recent same-ticker transactions at SHEN remain below the 30- and 90-day measurement thresholds. The insider's cross-ticker track record shows 20 prior buys, but no measurable outcomes are yet available for any of the five recent SHEN purchases, limiting assessment of timing patterns at this ticker.

10% owner ECP ControlCo acquired 31,473 shares (~$396.7K) at blended $12.61 in 2 transactions; stock at 52-week low, net loss in latest quarter, cluster buy pattern detected.

ECP ControlCo, LLC executed 2 separate purchases totaling 31,473 shares for $396,725.67 on consecutive days (30,000 shares at $12.59 on 2025-08-12 and 1,473 shares at $12.87 on 2025-08-13), increasing holdings from 3,251,550 to 3,283,023 shares. The timing coincides with stock trading at -23.2% from its 52-week high of $16.40 and down -12.7% over the prior 30 days, while the company reported a net loss of $9,132,000.00 in its latest quarter despite annual revenue growth of +14.2%. A cluster pattern emerged with 2 other insiders also buying within the past 14 days, and the filer has 5 prior trades at this ticker across the past week (2025-08-05 through 2025-08-11). The rapid sequence of acquisitions by this 10% owner during a period of price weakness and negative earnings warrants monitoring of forward guidance and operational trends.