Shenandoah Telecom (NASDAQ: SHEN) director gets stock in lieu of fees

Rhea-AI Filing Summary

QUAGLIO KENNETH L reported acquisition or exercise transactions in this Form 4 filing.

Shenandoah Telecommunications Co. reported that director Kenneth L. Quaglio received a grant of 83.4028 shares of common stock on August 3, 2026 at $11.99 per share, issued in lieu of director fees. Following this award, he directly holds 34,797.9958 shares of common stock.

Insider Trade Summary

Net Buyer: 83.4028 shares

Net Buy 1 txn

Insider QUAGLIO KENNETH L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	83.4028	$11.99	$1,000.00

Holdings After Transaction: Common Stock — 34,797.9958 shares (Direct)

Footnotes (1)

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

Key Figures

Shares granted: 83.4028 shares Grant price: $11.9900 per share Total direct holdings: 34797.9958 shares

3 metrics

Shares granted 83.4028 shares Common stock grant on August 3, 2026 received in lieu of director fees

Grant price $11.9900 per share Value assigned per share for the common stock grant to the director

Total direct holdings 34797.9958 shares Director’s direct common stock ownership after the reported transaction

Key Terms

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

3 terms

in lieu of director fees financial

"Shares received in lieu of director fees."

Grant, award, or other acquisition regulatory

"Transaction code A described as Grant, award, or other acquisition."

Form 4 regulatory

"Reported on SEC Form 4 for insider transactions."

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.

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 08/04/2026 - 04:49 PM Accepted by SEC EDGAR 08/04/2026 - 04:48 PM Learn about SEC filing dates

FAQ

What insider transaction did SHEN director Kenneth L. Quaglio report?

Kenneth L. Quaglio reported receiving a grant of 83.4028 shares of Shenandoah Telecommunications common stock on August 3, 2026. The shares were valued at $11.99 per share and were received in lieu of cash director fees as part of his board compensation.

How many SHEN shares does Kenneth L. Quaglio own after this Form 4?

After the reported grant, Kenneth L. Quaglio directly owns 34,797.9958 shares of Shenandoah Telecommunications common stock. This reflects his direct holdings following the addition of 83.4028 shares received instead of director fees.

Were the SHEN shares acquired through open-market purchases?

No. The 83.4028 SHEN shares were not bought on the open market. They were granted to director Kenneth L. Quaglio at $11.99 per share and explicitly received in lieu of director fees as part of his compensation.

At what price were the SHEN shares granted on this Form 4?

The grant to Kenneth L. Quaglio was valued at $11.99 per share for 83.4028 shares of Shenandoah Telecommunications common stock. This price reflects the value used for shares received instead of cash director fees.

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

The filing’s Rule 10b5-1 checkbox is not marked, so this transaction is not identified as executed under a Rule 10b5-1 trading plan. It is reported simply as a grant in lieu of director fees.

What role does Kenneth L. Quaglio hold at SHEN in this Form 4?

Kenneth L. Quaglio is identified as a director of Shenandoah Telecommunications. The Form 4 reports stock granted to him as part of director compensation, specifically shares received instead of cash fees for board service.

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^*

QUAGLIO KENNETH L

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/03/2026		A(1)		83.4028	A	$11.99	34,797.9958	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 Kenneth L Quaglio	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)