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[Form 4] Shenandoah Telecom Co Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Positive)
Form Type
4
Rhea-AI Filing Summary

Nikul Patel, a director of Champion Homes, Inc. (NYSE: SKY), filed a Form 4 disclosing the grant of 2,259 restricted stock units (RSUs) on 07/24/2025 under the company’s 2018 Equity Incentive Plan. Each RSU converts into one share of common stock and will vest in full on the earlier of the first anniversary of the vesting commencement date or the 2026 Annual Meeting, assuming continued board service.
The award, recorded at an indicative reference price of $66.39 per share, increases Patel’s direct beneficial ownership to 6,679 shares. No derivative instruments were involved, and no cash changed hands.
This appears to be a routine director equity grant designed to align compensation with shareholder interests; it carries no immediate strategic, operational, or financial implications for Champion Homes.

Nikul Patel, direttore di Champion Homes, Inc. (NYSE: SKY), ha presentato un Modulo 4 comunicando la concessione di 2.259 unità di azioni vincolate (RSU) in data 24/07/2025 nell’ambito del Piano di Incentivi Azionari 2018 della società. Ogni RSU si converte in una azione ordinaria e maturerà completamente alla prima delle due date: il primo anniversario della data di inizio maturazione o l’Assemblea Annuale 2026, a condizione che Patel continui a far parte del consiglio.
Il premio, valutato a un prezzo indicativo di riferimento di 66,39 $ per azione, porta la proprietà diretta di Patel a 6.679 azioni. Non sono stati coinvolti strumenti derivati e non sono stati effettuati pagamenti in denaro.
Si tratta di una normale assegnazione azionaria per un direttore, finalizzata ad allineare la remunerazione agli interessi degli azionisti; non comporta implicazioni strategiche, operative o finanziarie immediate per Champion Homes.

Nikul Patel, director de Champion Homes, Inc. (NYSE: SKY), presentó un Formulario 4 revelando la concesión de 2.259 unidades de acciones restringidas (RSU) el 24/07/2025 bajo el Plan de Incentivos de Capital 2018 de la compañía. Cada RSU se convierte en una acción común y se consolidará completamente en la fecha que ocurra primero entre el primer aniversario de la fecha de inicio de consolidación o la Junta Anual de 2026, siempre que continúe en el consejo.
El premio, registrado a un precio indicativo de referencia de $66,39 por acción, incrementa la propiedad directa beneficiosa de Patel a 6.679 acciones. No hubo instrumentos derivados involucrados ni intercambio de efectivo.
Esto parece ser una concesión rutinaria de acciones para directores destinada a alinear la compensación con los intereses de los accionistas; no tiene implicaciones estratégicas, operativas ni financieras inmediatas para Champion Homes.

Champion Homes, Inc. (NYSE: SKY)의 이사인 Nikul Patel는 2025년 7월 24일 회사의 2018년 주식 인센티브 계획에 따라 2,259개의 제한 주식 단위(RSU) 부여를 공개하는 Form 4를 제출했습니다. 각 RSU는 보통주 1주로 전환되며, 임기 시작일로부터 1주년 또는 2026년 연례 총회 중 먼저 도래하는 시점에 전액 베스팅되며, 계속 이사회에 재직하는 것을 전제로 합니다.
이 수상은 주당 $66.39의 참고 가격으로 기록되었으며, Patel의 직접적인 실질 소유 지분을 6,679주로 증가시킵니다. 파생 상품은 포함되지 않았으며 현금 거래도 없었습니다.
이는 보통 이사의 주식 부여로, 보상과 주주 이익을 일치시키기 위한 것으로 보이며, Champion Homes에 즉각적인 전략적, 운영적 또는 재무적 영향은 없습니다.

Nikul Patel, administrateur de Champion Homes, Inc. (NYSE : SKY), a déposé un formulaire 4 révélant l’attribution de 2 259 unités d’actions restreintes (RSU) le 24/07/2025 dans le cadre du plan d’incitation en actions 2018 de la société. Chaque RSU se convertit en une action ordinaire et sera entièrement acquise à la date la plus proche entre le premier anniversaire du début de la période d’acquisition ou l’assemblée annuelle 2026, sous réserve de la poursuite du mandat au conseil d’administration.
Cette attribution, enregistrée à un prix indicatif de référence de 66,39 $ par action, porte la propriété directe bénéficiaire de Patel à 6 679 actions. Aucun instrument dérivé n’a été impliqué et aucun échange d’argent n’a eu lieu.
Il s’agit d’une attribution d’actions de routine destinée à aligner la rémunération sur les intérêts des actionnaires ; elle n’a pas d’impact stratégique, opérationnel ou financier immédiat pour Champion Homes.

Nikul Patel, Direktor von Champion Homes, Inc. (NYSE: SKY), reichte ein Formular 4 ein, in dem die Gewährung von 2.259 Restricted Stock Units (RSUs) am 24.07.2025 im Rahmen des Aktienanreizplans 2018 des Unternehmens offengelegt wurde. Jede RSU wandelt sich in eine Stammaktie um und wird vollständig fällig am früheren Zeitpunkt des ersten Jahrestages des Beginns der Vesting-Periode oder der Hauptversammlung 2026, vorausgesetzt, die Vorstandsmitgliedschaft wird fortgesetzt.
Die Zuteilung, bewertet zu einem indikativem Referenzpreis von 66,39 $ pro Aktie, erhöht Patels direkten wirtschaftlichen Eigentumsanteil auf 6.679 Aktien. Es waren keine Derivate involviert und es fand kein Geldtransfer statt.
Dies scheint eine routinemäßige Aktienzuteilung für Direktoren zu sein, die darauf abzielt, die Vergütung mit den Interessen der Aktionäre in Einklang zu bringen; es hat keine unmittelbaren strategischen, operativen oder finanziellen Auswirkungen auf Champion Homes.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine RSU grant; minor ownership increase; neutral market impact.

The 2,259-share RSU award—worth roughly $150k—reflects standard board compensation. Patel’s holdings rise to 6,679 shares, well under 0.1% of outstanding stock, and vest within a year subject to service. There were no open-market trades or derivative exercises. Given SKY’s multi-billion-dollar market cap, the filing is informational with negligible signalling value. Investors should view it as housekeeping rather than a catalyst.

Nikul Patel, direttore di Champion Homes, Inc. (NYSE: SKY), ha presentato un Modulo 4 comunicando la concessione di 2.259 unità di azioni vincolate (RSU) in data 24/07/2025 nell’ambito del Piano di Incentivi Azionari 2018 della società. Ogni RSU si converte in una azione ordinaria e maturerà completamente alla prima delle due date: il primo anniversario della data di inizio maturazione o l’Assemblea Annuale 2026, a condizione che Patel continui a far parte del consiglio.
Il premio, valutato a un prezzo indicativo di riferimento di 66,39 $ per azione, porta la proprietà diretta di Patel a 6.679 azioni. Non sono stati coinvolti strumenti derivati e non sono stati effettuati pagamenti in denaro.
Si tratta di una normale assegnazione azionaria per un direttore, finalizzata ad allineare la remunerazione agli interessi degli azionisti; non comporta implicazioni strategiche, operative o finanziarie immediate per Champion Homes.

Nikul Patel, director de Champion Homes, Inc. (NYSE: SKY), presentó un Formulario 4 revelando la concesión de 2.259 unidades de acciones restringidas (RSU) el 24/07/2025 bajo el Plan de Incentivos de Capital 2018 de la compañía. Cada RSU se convierte en una acción común y se consolidará completamente en la fecha que ocurra primero entre el primer aniversario de la fecha de inicio de consolidación o la Junta Anual de 2026, siempre que continúe en el consejo.
El premio, registrado a un precio indicativo de referencia de $66,39 por acción, incrementa la propiedad directa beneficiosa de Patel a 6.679 acciones. No hubo instrumentos derivados involucrados ni intercambio de efectivo.
Esto parece ser una concesión rutinaria de acciones para directores destinada a alinear la compensación con los intereses de los accionistas; no tiene implicaciones estratégicas, operativas ni financieras inmediatas para Champion Homes.

Champion Homes, Inc. (NYSE: SKY)의 이사인 Nikul Patel는 2025년 7월 24일 회사의 2018년 주식 인센티브 계획에 따라 2,259개의 제한 주식 단위(RSU) 부여를 공개하는 Form 4를 제출했습니다. 각 RSU는 보통주 1주로 전환되며, 임기 시작일로부터 1주년 또는 2026년 연례 총회 중 먼저 도래하는 시점에 전액 베스팅되며, 계속 이사회에 재직하는 것을 전제로 합니다.
이 수상은 주당 $66.39의 참고 가격으로 기록되었으며, Patel의 직접적인 실질 소유 지분을 6,679주로 증가시킵니다. 파생 상품은 포함되지 않았으며 현금 거래도 없었습니다.
이는 보통 이사의 주식 부여로, 보상과 주주 이익을 일치시키기 위한 것으로 보이며, Champion Homes에 즉각적인 전략적, 운영적 또는 재무적 영향은 없습니다.

Nikul Patel, administrateur de Champion Homes, Inc. (NYSE : SKY), a déposé un formulaire 4 révélant l’attribution de 2 259 unités d’actions restreintes (RSU) le 24/07/2025 dans le cadre du plan d’incitation en actions 2018 de la société. Chaque RSU se convertit en une action ordinaire et sera entièrement acquise à la date la plus proche entre le premier anniversaire du début de la période d’acquisition ou l’assemblée annuelle 2026, sous réserve de la poursuite du mandat au conseil d’administration.
Cette attribution, enregistrée à un prix indicatif de référence de 66,39 $ par action, porte la propriété directe bénéficiaire de Patel à 6 679 actions. Aucun instrument dérivé n’a été impliqué et aucun échange d’argent n’a eu lieu.
Il s’agit d’une attribution d’actions de routine destinée à aligner la rémunération sur les intérêts des actionnaires ; elle n’a pas d’impact stratégique, opérationnel ou financier immédiat pour Champion Homes.

Nikul Patel, Direktor von Champion Homes, Inc. (NYSE: SKY), reichte ein Formular 4 ein, in dem die Gewährung von 2.259 Restricted Stock Units (RSUs) am 24.07.2025 im Rahmen des Aktienanreizplans 2018 des Unternehmens offengelegt wurde. Jede RSU wandelt sich in eine Stammaktie um und wird vollständig fällig am früheren Zeitpunkt des ersten Jahrestages des Beginns der Vesting-Periode oder der Hauptversammlung 2026, vorausgesetzt, die Vorstandsmitgliedschaft wird fortgesetzt.
Die Zuteilung, bewertet zu einem indikativem Referenzpreis von 66,39 $ pro Aktie, erhöht Patels direkten wirtschaftlichen Eigentumsanteil auf 6.679 Aktien. Es waren keine Derivate involviert und es fand kein Geldtransfer statt.
Dies scheint eine routinemäßige Aktienzuteilung für Direktoren zu sein, die darauf abzielt, die Vergütung mit den Interessen der Aktionäre in Einklang zu bringen; es hat keine unmittelbaren strategischen, operativen oder finanziellen Auswirkungen auf Champion Homes.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
ECP ControlCo, LLC
(Last) (First) (Middle)
40 BEECHWOOD ROAD
(Street)
SUMMIT, NJ 07901
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SHENANDOAH TELECOMMUNICATIONS CO/VA/ [ SHEN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/23/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/23/2025 P(1) 15,801 A $15.6432(2) 2,973,361 I See Footnotes(3)(4)
Common Stock 07/24/2025 P(1) 8,980 A $15.5162(5) 2,982,341 I See Footnotes(3)(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
ECP ControlCo, LLC
(Last) (First) (Middle)
40 BEECHWOOD ROAD
(Street)
SUMMIT, NJ 07901
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Energy Capital Partners IV, LLC
(Last) (First) (Middle)
40 BEECHWOOD ROAD
(Street)
SUMMIT, NJ 07901
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Energy Capital Partners GP IV, LP
(Last) (First) (Middle)
40 BEECHWOOD ROAD
(Street)
SUMMIT, NJ 07901
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
ENERGY CAPITAL PARTNERS IV-A, LP
(Last) (First) (Middle)
40 BEECHWOOD ROAD
(Street)
SUMMIT, NJ 07901
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
ENERGY CAPITAL PARTNERS IV-B, LP
(Last) (First) (Middle)
40 BEECHWOOD ROAD
(Street)
SUMMIT, NJ 07901
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
ENERGY CAPITAL PARTNERS IV-C, LP
(Last) (First) (Middle)
40 BEECHWOOD ROAD
(Street)
SUMMIT, NJ 07901
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
ENERGY CAPITAL PARTNERS IV-D, LP
(Last) (First) (Middle)
40 BEECHWOOD ROAD
(Street)
SUMMIT, NJ 07901
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Energy Capital Partners IV-B (Hill City IP), LP
(Last) (First) (Middle)
40 BEECHWOOD ROAD
(Street)
SUMMIT, NJ 07901
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. The purchases reported herein were effected pursuant to a Rule 10b5-1 plan adopted by Hill City Holdings, LP ("Hill City") on June 5, 2025.
2. The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $15.22 to $15.7448. 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.
3. 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.
4. 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.
5. The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $15.39 to $15.76. 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.
Remarks:
Due to filing limitations of the electronic filing system, each of ECP Fiber Holdings GP, LLC, ECP Fiber Holdings, LP, Hill City Holdings GP, LLC and Hill City Holdings, LP are filing a separate Form 4.
ECP ControlCo, LLC, By: /s/ Jennifer Gray, General Counsel 07/25/2025
Energy Capital Partners IV, LLC, By: ECP ControlCo, LLC, its managing member, By: /s/ Jennifer Gray, General Counsel 07/25/2025
Energy Capital Partners GP IV, LP, By: Energy Capital Partners IV, LLC, its general partner, By: ECP ControlCo, LLC, its managing member, By: /s/ Jennifer Gray, General Counsel 07/25/2025
Energy Capital Partners IV-A, LP, By Energy Capital Partners GP IV, LP, its general partner, By Energy Capital Partners IV, LLC, its general partner, By ECP ControlCo, LLC, its managing member, By /s/ Jennifer Gray, General Counsel 07/25/2025
Energy Capital Partners IV-B, LP, By Energy Capital Partners GP IV, LP, its general partner, By Energy Capital Partners IV, LLC, its general partner, By ECP ControlCo, LLC, its managing member, By /s/ Jennifer Gray, General Counsel 07/25/2025
Energy Capital Partners IV-C, LP, By Energy Capital Partners GP IV, LP, its general partner, By Energy Capital Partners IV, LLC, its general partner, By ECP ControlCo, LLC, its managing member, By /s/ Jennifer Gray, General Counsel 07/25/2025
Energy Capital Partners IV-D, LP, By: Energy Capital Partners GP IV, LP, its GP, By: Energy Capital Partners IV, LLC, its GP, By: ECP ControlCo, LLC, its managing member, By: /s/ Jennifer Gray, General Counsel 07/25/2025
Energy Capital Partners IV-B (Hill City IP), LP, By Energy Capital Partners IV-B, LP, By Energy Capital Partners GP IV, LP, By Energy Capital Partners IV, LLC, By ECP ControlCo, LLC, By /s/ Jennifer Gray, General Counsel 07/25/2025
** 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 4 (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 insider transaction did Nikul Patel report for Champion Homes (SKY)?

2,259 restricted stock units were granted on 07/24/2025 under the 2018 Equity Incentive Plan.

When will the 2,259 RSUs granted to Nikul Patel vest?

They vest in full on the earlier of the first anniversary of the vesting commencement date or the 2026 annual shareholder meeting.

How many Champion Homes shares does Nikul Patel now beneficially own?

After the grant he directly owns 6,679 shares.

Was the transaction an open-market purchase or sale?

No. It was a restricted stock unit award; no open-market transaction occurred.

What is the indicative value of the RSU grant reported in the Form 4?

At the reported price of $66.39, the grant is worth roughly $150,000.

Does this Form 4 filing impact Champion Homes’ financial guidance?

No. The filing is routine compensation disclosure and has no stated effect on earnings or guidance.
Stock SHEN logo
Shenandoah Telecommunications

NASDAQ:SHEN

SHEN Rankings

#3940 Ranked by Market Cap
N/A Ranked by Dividends

SHEN Latest News

Jul 17, 2025
Shenandoah Telecommunications Company to Hold its Second Quarter 2025 Earnings Call at 4:30 p.m. on Thursday, July 31, 2025.
Jul 15, 2025
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Jul 2, 2025
Glo Fiber Launches Lightning-Fast Fiber Internet in Hillsboro, Ohio
Jun 20, 2025
Glo Fiber to Expand in Blacksburg, Virginia with Acquisition of WideOpen Blacksburg Network

SHEN Latest SEC Filings

Jul 25, 2025
[Form 4] Shenandoah Telecom Co Insider Trading Activity
Jul 23, 2025
[Form 4] Shenandoah Telecom Co Insider Trading Activity
Jul 23, 2025
[Form 4] Shenandoah Telecom Co Insider Trading Activity
Jul 21, 2025
[Form 4] Shenandoah Telecom Co Insider Trading Activity
Jul 21, 2025
[Form 4] Shenandoah Telecom Co Insider Trading Activity

SHEN Stock Data

861.26M
49.51M
4.46%
67.48%
3.97%
Telecom Services
Telephone Communications (no Radiotelephone)
Link
United States
EDINBURG