Shenandoah Telecom director granted 40.4204 shares

A SHENANDOAH TELECOMMUNICATIONS director received additional common shares as stock compensation in place of cash fees, modestly increasing his direct holdings.

Rhea-AI Filing Summary

SHENANDOAH TELECOMMUNICATIONS CO (symbol: SHEN) is the issuer of record for a Form 4 filing submitted to the SEC. Koontz Richard L Jr reported acquisition or exercise transactions in this Form 4 filing.

SHENANDOAH TELECOMMUNICATIONS CO (SHEN) reported that director Richard L. Koontz Jr received a grant of 40.4204 shares of common stock on September 2, 2026. The shares were received in lieu of cash director fees and brought his directly held stake to 71,853.6355 shares.

Insider Trade Summary

Grant/Award: 40.4204 shares

Grant/Award 1 txn

Insider Koontz Richard L Jr

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	40.4204	$12.37	$500.00

Holdings After Transaction: Common Stock — 71,853.6355 shares (Direct)

Footnotes (1)

1. F1. Shares received in lieu of director fees.

Key Figures

Shares granted: 40.4204 shares Grant valuation price: $12.37 per share Holdings after transaction: 71,853.6355 shares

3 metrics

Shares granted 40.4204 shares Common stock received by the director on September 2, 2026 in lieu of fees

Grant valuation price $12.37 per share Price used to value the stock received on September 2, 2026

Holdings after transaction 71,853.6355 shares Director’s directly held SHEN common stock following the grant

Key Terms

in lieu of director fees, director fees

2 terms

in lieu of director fees financial

"Shares received in lieu of director fees."

director fees financial

"Shares received in lieu of director fees."

FAQ

What insider transaction did SHEN (SHENANDOAH TELECOMMUNICATIONS CO) disclose in this Form 4?

The filing reports that director Richard L. Koontz Jr received a grant of 40.4204 shares of SHEN common stock on September 2, 2026, as part of his director compensation.

How many SHEN shares did the director receive and at what value per share?

The director received 40.4204 shares of SHEN common stock. The award was valued using a share price of $12.37 per share for this transaction.

What are the director’s SHEN holdings after this reported transaction?

After the stock grant, director Richard L. Koontz Jr directly holds 71,853.6355 shares of SHEN common stock according to the Form 4.

Was the SHEN insider transaction made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that the transaction was not reported as being made under a Rule 10b5-1 trading plan.

What is the nature of the SHEN share grant reported for the director?

The filing notes that the 40.4204 shares were received in lieu of director fees, meaning the director took stock instead of cash for a portion of his board compensation.

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Available on EDGAR 09/03/2026 - 08:05 PM Accepted by SEC EDGAR 09/03/2026 - 08:04 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^*

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)
09/02/2026

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	09/02/2026		A(1)		40.4204	A	$12.37	71,853.6355	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	09/03/2026
	** 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)