Shenandoah Telecom (SHEN) director takes fees as stock, lifts holdings

Rhea-AI Filing Summary

Shenandoah Telecommunications Company director Tracy Fitzsimmons received common stock as compensation. On 02/02/2026, Fitzsimmons acquired 87.7565 shares of SHEN common stock at $11.87 per share, taken in lieu of cash director fees. After this transaction, Fitzsimmons beneficially owned 45,152.5343 shares held directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Fitzsimmons Tracy

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	87.757	$11.87	$1K

Holdings After Transaction: Common Stock — 45,152.534 shares (Direct)

Footnotes (1)

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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^*

Fitzsimmons Tracy

(Last) (First) (Middle)

PO BOX 459

(Street)

EDINBURG VA 22824

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/02/2026

4. 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 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	02/02/2026		A(1)		87.7565	A	$11.87	45,152.5343	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 Tracy Fitzsimmons	02/03/2026
	** 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.

FAQ

What insider transaction did SHEN director Tracy Fitzsimmons report on this Form 4?

Tracy Fitzsimmons reported acquiring 87.7565 shares of Shenandoah Telecommunications common stock. The shares were received on 02/02/2026 and taken as payment in lieu of director fees, rather than as a market purchase for cash.

At what price were the SHEN shares credited to Tracy Fitzsimmons?

The common stock credited to Tracy Fitzsimmons was valued at $11.87 per share. This value is used to calculate the number of shares issued as director fee compensation on 02/02/2026, according to the reported Form 4 transaction details.

How many SHEN shares does Tracy Fitzsimmons own after this reported transaction?

Following the 87.7565-share award, Tracy Fitzsimmons beneficially owned 45,152.5343 shares of Shenandoah Telecommunications common stock. The filing shows these shares as held directly, reflecting cumulative holdings after the 02/02/2026 director fee stock issuance.

Was the SHEN Form 4 transaction a purchase or compensation for Tracy Fitzsimmons?

The Form 4 indicates the shares were compensation, not an open-market purchase. A footnote specifies the 87.7565 shares of Shenandoah Telecommunications common stock were “received in lieu of director fees,” substituting stock for cash payment for board service.

What is the role of Tracy Fitzsimmons at Shenandoah Telecommunications (SHEN)?

Tracy Fitzsimmons is identified as a director of Shenandoah Telecommunications Company. The Form 4 confirms the relationship as director only, with no officer title and no indication of being a 10% owner or having another specified role.

Is Tracy Fitzsimmons’ SHEN ownership direct or indirect after this transaction?

The Form 4 shows Fitzsimmons’ ownership as direct following the transaction. After receiving 87.7565 shares in stock-based director fees, total beneficial ownership is reported as 45,152.5343 shares, all categorized under direct ownership with no indirect holding entity listed.