Shenandoah Telecom (SHEN) CFO purchases more company stock in July 2026

Rhea-AI Filing Summary

Shenandoah Telecommunications senior vice president of finance and CFO James J. Volk purchased a total of 4,283.064 shares of common stock on July 31, 2026, in open-market transactions at $11.67 and $11.8415 per share, not reported under a Rule 10b5-1 plan. An additional 5,504.307 shares are reported as held indirectly by his spouse.

Insider Trade Summary

Net Buyer: 4,283.064 shares

Net Buy 3 txns

Insider VOLK JAMES J

Role SVP Finance & CFO

Bought 4,283.064 shs ($50K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	4,186.064	$11.67	$49K
Purchase	Common Stock	97	$11.8415	$1K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 92,670.631 shares (Direct); Common Stock — 5,504.307 shares (Indirect, By Spouse)

Key Figures

Shares purchased: 4,186.064 shares Additional shares purchased: 97 shares Total net shares bought: 4,283.064 shares +2 more

5 metrics

Shares purchased 4,186.064 shares Common stock purchase on 2026-07-31 at $11.67 per share

Additional shares purchased 97 shares Common stock purchase on 2026-07-31 at $11.8415 per share

Total net shares bought 4,283.064 shares Net buy activity from reported non-derivative transactions

Indirect spouse holdings 5,504.307 shares Common stock held indirectly "By Spouse" after transactions

Transaction date 2026-07-31 Date of reported common stock purchases

Key Terms

Rule 10b5-1, indirect ownership, open market or private transaction

3 terms

Rule 10b5-1 regulatory

"not reported under a Rule 10b5-1 plan"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

indirect ownership financial

"shares are reported as held indirectly by his spouse"

open market or private transaction financial

"Purchase in open market or private transaction"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/03/2026 - 05:20 PM Accepted by SEC EDGAR 08/03/2026 - 05:19 PM Learn about SEC filing dates

FAQ

What insider buying did SHEN CFO James J. Volk report?

James J. Volk reported buying 4,283.064 shares of Shenandoah Telecommunications common stock on July 31, 2026, through two open-market purchases at $11.67 and $11.8415 per share, according to the Form 4 filing.

At what prices did SHEN’s CFO purchase common stock?

The CFO bought Shenandoah Telecommunications common stock at $11.67 per share for 4,186.064 shares and $11.8415 per share for 97 shares, all on July 31, 2026, in open-market transactions.

How many SHEN shares are reported as indirectly owned by the CFO’s spouse?

The filing reports 5,504.307 shares of Shenandoah Telecommunications common stock held indirectly by James J. Volk "By Spouse." These are recorded as indirect ownership, separate from his direct purchases.

Were the SHEN CFO’s July 31, 2026 trades under a Rule 10b5-1 plan?

The trades are not reported as made under a Rule 10b5-1 trading plan. The Form 4’s Rule 10b5-1 checkbox is not marked as affirming a plan for these transactions.

How many total SHEN shares did the CFO buy on July 31, 2026?

On July 31, 2026, James J. Volk purchased a combined 4,283.064 shares of Shenandoah Telecommunications common stock, based on the Form 4’s transaction summary of net buy activity.

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^*

VOLK JAMES J

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP Finance & CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026

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	07/31/2026		P		4,186.064	A	$11.67	92,573.631	D
Common Stock	07/31/2026		P		97	A	$11.8415	92,670.631	D
Common Stock								5,504.307	I	By Spouse

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:

	/s/ Christopher E French Attorney in Fact for James J Volk Sr	08/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)