Shenandoah Telecom (NASDAQ: SHEN) director gets stock for board fees

Q: What did director Michael Anthony Rhymes report in SHEN’s latest Form 4?

Director Michael Anthony Rhymes reported receiving 41.7014 shares of Shenandoah Telecommunications Common Stock on August 3, 2026. The shares were a stock grant provided in lieu of director fees , rather than a market purchase or sale.

Q: How many SHEN shares did Rhymes receive and at what price?

Michael Anthony Rhymes received 41.7014 SHEN shares at a price of $11.99 per share . The transaction is coded as a grant or award, reflecting stock-based compensation instead of cash director fees.

Q: Was the SHEN Form 4 transaction executed under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan . The transaction is reported as a stock grant for director fees, not as a discretionary market trade under a pre-arranged trading plan.

Q: Is the SHEN Form 4 transaction a market buy or sell of shares?

No. The Form 4 shows a grant, award, or other acquisition of 41.7014 shares, received in lieu of director fees . It is compensation-related, not an open-market purchase or sale of Shenandoah Telecommunications stock.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Rhymes Michael Anthony reported acquisition or exercise transactions in this Form 4 filing.

Shenandoah Telecommunications Company reported that director Michael Anthony Rhymes received 41.7014 shares of Common Stock on August 3, 2026 at $11.99 per share as a grant in lieu of director fees. After this compensation award, his direct holdings are 11,916.2122 shares.

Insider Trade Summary

Net Buyer: 41.7014 shares

Net Buy 1 txn

Insider Rhymes Michael Anthony

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock ^F1	41.7014	$11.99	$500.00

Holdings After Transaction: Common Stock — 11,916.2122 shares (Direct)

Footnotes (1)

F1. Shares received in lieu of director fees.

Key Figures

Shares granted: 41.7014 shares Grant price: $11.9900 per share Holdings after transaction: 11,916.2122 shares

3 metrics

Shares granted 41.7014 shares Common Stock received on August 3, 2026 in lieu of director fees

Grant price $11.9900 per share Price per share used for the director fee stock grant

Holdings after transaction 11,916.2122 shares Director’s direct Common Stock holdings following the August 3, 2026 award

Key Terms

in lieu of director fees, grant, award, or other acquisition, Common Stock

3 terms

in lieu of director fees financial

"Shares received in lieu of director fees."

grant, award, or other acquisition financial

"Transaction coded as a grant, award, or other acquisition of shares."

Common Stock financial

"Received 41.7014 shares of Common Stock as director fee compensation."

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/04/2026 - 04:52 PM Accepted by SEC EDGAR 08/04/2026 - 04:51 PM

FAQ

What did director Michael Anthony Rhymes report in SHEN’s latest Form 4?

Director Michael Anthony Rhymes reported receiving 41.7014 shares of Shenandoah Telecommunications Common Stock on August 3, 2026. The shares were a stock grant provided in lieu of director fees, rather than a market purchase or sale.

How many SHEN shares did Rhymes receive and at what price?

Michael Anthony Rhymes received 41.7014 SHEN shares at a price of $11.99 per share. The transaction is coded as a grant or award, reflecting stock-based compensation instead of cash director fees.

What are Michael Anthony Rhymes’ total SHEN holdings after this transaction?

Following the August 3, 2026 award, Michael Anthony Rhymes directly holds 11,916.2122 SHEN shares. This figure reflects his Common Stock position reported after receiving shares in lieu of director fees, as disclosed in the Form 4 filing.

Was the SHEN Form 4 transaction executed under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan. The transaction is reported as a stock grant for director fees, not as a discretionary market trade under a pre-arranged trading plan.

Is the SHEN Form 4 transaction a market buy or sell of shares?

No. The Form 4 shows a grant, award, or other acquisition of 41.7014 shares, received in lieu of director fees. It is compensation-related, not an open-market purchase or sale of Shenandoah Telecommunications stock.

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^*

Rhymes Michael Anthony

(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)
08/03/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/03/2026		A⁽¹⁾		41.7014	A	$11.99	11,916.2122	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares received in lieu of director fees.

	/s/ Christopher E French Attorney in Fact for Michael Anthony Rhymes	08/04/2026
	** 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)

Source: View Original Filing on SEC EDGAR