Director receives Shenandoah Telecom (SHEN) stock in fee grant

Rhea-AI Filing Summary

Koontz Richard L Jr reported acquisition or exercise transactions in this Form 4 filing.

Shenandoah Telecommunications director Richard L. Koontz Jr received a grant of Common Stock as part of his board compensation. On May 4, 2026, he was awarded 31.7864 shares at $15.73 per share, taken in lieu of director fees. Following this grant, his direct holdings increased to 71,707.0092 shares of Shenandoah Telecommunications Common Stock. This is a compensation-related share award, not an open-market purchase or sale.

Insider Trade Summary 10b5-1

1 transaction reported

Mixed 1 txn

Insider Koontz Richard L Jr

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	31.786	$15.73	$500.00

Holdings After Transaction: Common Stock — 71,707.009 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 31.7864 shares Grant price: $15.73 per share Shares held after grant: 71,707.0092 shares

3 metrics

Shares granted 31.7864 shares Common Stock grant in lieu of director fees on May 4, 2026

Grant price $15.73 per share Valuation used for the director stock award

Shares held after grant 71,707.0092 shares Director’s direct Common Stock holdings following the transaction

Key Terms

Form 4, Common Stock, in lieu of director fees, Grant, award, or other acquisition

4 terms

Form 4 regulatory

"Shenandoah Telecommunications reported this director stock grant on Form 4"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Common Stock financial

"He received 31.7864 shares of Shenandoah Telecommunications Common Stock"

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.

in lieu of director fees financial

"Shares received in lieu of director fees"

Grant, award, or other acquisition financial

"Transaction code A indicates a Grant, award, or other acquisition"

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^*

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)
05/04/2026

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	05/04/2026		A(1)		31.7864	A	$15.73	71,707.0092	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	05/04/2026
	** 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)

FAQ

What did Shenandoah Telecommunications (SHEN) disclose in this Form 4?

Shenandoah Telecommunications reported that director Richard L. Koontz Jr received 31.7864 Common Stock shares as a grant in lieu of director fees, at $15.73 per share, increasing his direct holdings to 71,707.0092 shares.

Did the SHEN director buy or sell shares on the open market?

The director did not trade on the open market. He received 31.7864 Common Stock shares as a compensation grant in lieu of director fees, recorded at $15.73 per share, which increased his existing direct ownership position.

How many Shenandoah Telecommunications (SHEN) shares does the director now hold?

After this compensation grant, director Richard L. Koontz Jr directly holds 71,707.0092 shares of Shenandoah Telecommunications Common Stock, reflecting the addition of 31.7864 shares received instead of cash director fees.

What was the price used for the SHEN director’s stock grant?

The compensation grant to the Shenandoah Telecommunications director used a price of $15.73 per share. At this price, 31.7864 Common Stock shares were issued in lieu of director fees, increasing his total direct holdings.

Is this Shenandoah Telecommunications (SHEN) Form 4 transaction routine?

Yes, the Form 4 shows a routine compensation event. Director Richard L. Koontz Jr received 31.7864 Common Stock shares in lieu of director fees, a non-market grant that increased his direct holdings to 71,707.0092 shares.