[Form 3] SHENANDOAH TELECOMMUNICATIONS CO/VA/ Initial Statement of Beneficial Ownership

Q: How many SHEN shares are directly owned by the reporting person?

The filing shows 0 shares of Common Stock directly owned.

Q: What derivative securities are reported for SHEN (SHEN)?

The report lists 5,008 restricted stock units for Common Stock with a $0 exercise price and an expiration date of 02/15/2029 .

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Shenandoah Telecommunications (SHEN) filed a Form 3 reporting initial beneficial ownership for its VP Legal/General Counsel & Secretary. The filing lists 5,008 restricted stock units for Common Stock with a $0 exercise price and an expiration date of 02/15/2029, and 0 shares of Common Stock directly owned.

The RSU award vests one-fourth on each of the first through fourth anniversaries and is subject to cancellation and forfeiture under the company’s executive compensation policy.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Olsen Angela M

Role VP Legal/Gen Counsel & Sec

Type	Security	Shares	Price	Value
holding	Restricted Stock Unit	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Unit — 5,008 shares (Direct); Common Stock — 0 shares (Direct)

Footnotes (1)

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10/28/2025 - 12:11 PM

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Olsen Angela M

(Last)

(First)

(Middle)

SHENANDOAH TELECOMMUNICATIONS COMPANY

PO BOX 459

(Street)

EDINBURG

22824

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/27/2025

3. Issuer Name and Ticker or Trading Symbol
SHENANDOAH TELECOMMUNICATIONS CO/VA/ [ SHEN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP Legal/Gen Counsel & Sec

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Stock Unit	⁽¹⁾	02/15/2029	Common Stock	5,008	$0	D

Explanation of Responses:

1. The restricted stock unit award vests one-fourth on each the first, second, third and fourth anniversary. The restricted stock unit award (and shares issuable upon exercise of the restricted stock unit award) are subject to cancellation and forfeiture in accordance with the Company's executive compensation policy.

	/s/ Angela M Olsen	10/28/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did SHEN disclose in this Form 3?

An initial beneficial ownership report for the VP Legal/General Counsel & Secretary, including 5,008 RSUs and 0 directly owned Common Stock shares.

How many SHEN shares are directly owned by the reporting person?

The filing shows 0 shares of Common Stock directly owned.

What derivative securities are reported for SHEN (SHEN)?

The report lists 5,008 restricted stock units for Common Stock with a $0 exercise price and an expiration date of 02/15/2029.

What is the vesting schedule for the SHEN RSUs?

The RSUs vest one-fourth on each of the first, second, third, and fourth anniversaries, subject to company policy.

What is the event date on the SHEN Form 3?

The event date is 10/27/2025.

Is the RSU award subject to forfeiture?

Yes. It is subject to cancellation and forfeiture under the company’s executive compensation policy.