SHEN Executive Chair awarded 25,571 vested RSUs

Shenandoah Telecommunications Executive Chairman reports RSU vesting.

Rhea-AI Filing Summary

Shenandoah Telecommunications Executive Chairman reports RSU vesting. On 02/02/2026, Executive Chairman Christopher E. French acquired 25,571 shares of SHEN common stock at $0 per share through the vesting of performance-based restricted stock units granted on February 22, 2023. These units vested based on the company’s total shareholder return versus a peer group in the NASDAQ Telecom Index. Following this transaction, he directly holds 436,088 common shares, in addition to various indirect holdings through his spouse, son, and multiple family trusts, for some of which he disclaims beneficial ownership where he has no pecuniary interest.

Insider Trade Summary

Grant/Award: 25,571 shares

Grant/Award 10 txns

Insider FRENCH CHRISTOPHER E

Role Executive Chairman

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	25,571	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 436,088 shares (Direct); Common Stock — 86,485 shares (Indirect, By Spouse); Common Stock — 37,796 shares (Indirect, By Son); Common Stock — 361,500 shares (Indirect, By Son as TTEE of French Family Trust); Common Stock — 127,636 shares (Indirect, TTEE WBF fbo Cynthia); Common Stock — 339,966 shares (Indirect, TTEE WBF fbo Anne); Common Stock — 339,966 shares (Indirect, TTEE WBF fbo Christopher); Common Stock — 102,855 shares (Indirect, TTEE FGCT fbo Rebecca); Common Stock — 101,640 shares (Indirect, TTEE FGCT fbo Warren); Common Stock — 99,537 shares (Indirect, TTEE FGCT fbo Stuart)

Footnotes (2)

1. F1. Represents vesting of performance-based Restricted Stock Units granted February 22, 2023. Performance for this award was measured on the Issuer's relative total return (TSR) compared to the TSR of a group of companies in the NASDAQ Telecom Index with a Market Cap between 100 million and 100 billion, above and below the Issuer's then current Market Cap.
2. F2. These shares are held in trust for the benefit of certain relatives of Mr. French. Mr. French disclaims beneficial ownership of the shares as to which he has no pecuniary interest and this filing is not an admission that Mr. French is the beneficial owner of such shares.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Christopher E. French report at Shenandoah Telecommunications (SHEN)?

Christopher E. French reported acquiring 25,571 Shenandoah Telecommunications common shares at $0 per share. The shares came from vesting of performance-based restricted stock units originally granted on February 22, 2023, rather than an open-market purchase or sale transaction.

How many Shenandoah Telecommunications shares does Christopher E. French hold directly after this Form 4?

After the reported transaction, Christopher E. French directly holds 436,088 shares of Shenandoah Telecommunications common stock. This figure reflects his updated direct ownership following the vesting of 25,571 performance-based restricted stock units on February 2, 2026.

What was the basis for the RSU performance vesting reported by SHEN’s Executive Chairman?

The performance-based restricted stock units vested based on Shenandoah Telecommunications’ relative total shareholder return. Performance was measured against companies in the NASDAQ Telecom Index with market capitalizations between $100 million and $100 billion, above and below Shenandoah’s market capitalization at grant.

Are there indirect SHEN share holdings associated with Christopher E. French?

Yes. The filing lists indirect holdings through his spouse, his son, and several trusts for the benefit of various relatives. Some trust-held shares are reported with a disclaimer of beneficial ownership where Mr. French has no pecuniary interest in those shares.

Does Christopher E. French disclaim beneficial ownership of any Shenandoah Telecommunications shares?

Yes. The filing states that certain shares are held in trust for the benefit of relatives, and Mr. French disclaims beneficial ownership for shares in which he has no pecuniary interest. The disclosure clarifies this filing is not an admission of beneficial ownership.

What role does Christopher E. French hold at Shenandoah Telecommunications (SHEN)?

Christopher E. French is identified as Executive Chairman of Shenandoah Telecommunications. The Form 4 indicates he is an officer of the company with that specific title, and it reports his direct and certain indirect holdings of the company’s common stock.

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Accepted by SEC EDGAR 02/05/2026 - 08:14 PM Learn about SEC filing dates

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).

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^*

FRENCH CHRISTOPHER E

(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)

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

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		25,571(1)	A	$0	436,088	D
Common Stock								86,485	I	By Spouse
Common Stock								37,796	I	By Son
Common Stock								361,500	I	By Son as TTEE of French Family Trust(2)
Common Stock								127,636	I	TTEE WBF fbo Cynthia(2)
Common Stock								339,966	I	TTEE WBF fbo Anne(2)
Common Stock								339,966	I	TTEE WBF fbo Christopher(2)
Common Stock								102,855	I	TTEE FGCT fbo Rebecca(2)
Common Stock								101,640	I	TTEE FGCT fbo Warren(2)
Common Stock								99,537	I	TTEE FGCT fbo Stuart(2)

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. Represents vesting of performance-based Restricted Stock Units granted February 22, 2023. Performance for this award was measured on the Issuer's relative total return (TSR) compared to the TSR of a group of companies in the NASDAQ Telecom Index with a Market Cap between 100 million and 100 billion, above and below the Issuer's then current Market Cap.

2. These shares are held in trust for the benefit of certain relatives of Mr. French. Mr. French disclaims beneficial ownership of the shares as to which he has no pecuniary interest and this filing is not an admission that Mr. French is the beneficial owner of such shares.

	Christopher E French	02/05/2026
	** 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.
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