Director at Shenandoah Telecommunications (NASDAQ: SHEN) receives stock grant in lieu of fees

Rhea-AI Filing Summary

Koontz Richard L Jr reported acquisition or exercise transactions in this Form 4 filing.

Shenandoah Telecommunications director Richard L. Koontz Jr. received a grant of 31.348 shares of common stock on June 1, 2026, valued at $15.95 per share. According to the filing, these shares were received in lieu of director fees, so this is compensation rather than an open-market purchase.

After the grant, Koontz directly holds a total of 71,738.3572 shares of Shenandoah Telecommunications common stock.

Insider Trade Summary 10b5-1

1 transaction reported

Mixed 1 txn

Insider Koontz Richard L Jr

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	31.348	$15.95	$500.00

Holdings After Transaction: Common Stock — 71,738.357 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 31.348 shares Grant price: $15.95 per share Total shares after grant: 71,738.3572 shares

3 metrics

Shares granted 31.348 shares Common stock grant on June 1, 2026

Grant price $15.95 per share Value used for director fee stock grant

Total shares after grant 71,738.3572 shares Koontz’s direct holdings following the transaction

Key Terms

Common Stock, director fees, grant or award, Form 4

4 terms

Common Stock financial

"received a grant of 31.348 shares of common stock on June 1, 2026"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

director fees financial

"these shares were received in lieu of director fees"

grant or award financial

"The Form 4 transaction was a grant or award, not an open-market purchase"

Form 4 regulatory

"The Form 4 transaction was a grant or award, not an open-market purchase"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

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).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Koontz Richard L Jr

(Last) (First) (Middle)

PO BOX 459

(Street)

EDINBURG VIRGINIA 22824

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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

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

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

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	06/01/2026		A(1)		31.348	A	$15.95	71,738.3572	D

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

Explanation of Responses:

1. Shares received in lieu of director fees.

	/s/ Christopher E French Attorney in Fact for Richard L Koontz Jr	06/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did director Richard L. Koontz Jr. report on the SHEN Form 4?

Richard L. Koontz Jr. reported receiving 31.348 shares of Shenandoah Telecommunications common stock. The shares were granted as compensation in lieu of director fees, increasing his direct holdings to 71,738.3572 shares after the transaction.

Was the SHEN Form 4 transaction a stock purchase or a grant?

The Form 4 transaction was a grant or award, not an open-market purchase. Koontz received 31.348 shares of common stock as payment in lieu of director fees, reflecting routine equity-based compensation for board service.

How many SHEN shares does Richard L. Koontz Jr. own after this Form 4?

After the reported grant, Richard L. Koontz Jr. directly owns 71,738.3572 shares of Shenandoah Telecommunications common stock. This figure includes the 31.348 shares granted on June 1, 2026, as compensation in lieu of director fees.

What price was used for the SHEN stock grant to director Koontz?

The stock grant to Koontz used a value of $15.95 per share. This price is reported in the Form 4 as the transaction price for the 31.348 shares of common stock issued as compensation instead of cash director fees.

Does the SHEN Form 4 indicate any stock sales by Richard L. Koontz Jr.?

The Form 4 does not report any stock sales by Koontz. It shows only a grant of 31.348 shares of common stock as director fee compensation, increasing his direct holdings to a total of 71,738.3572 shares after the transaction.