Shenandoah Telecommunications (SHEN) director reports RSU award, exercise and tax share disposition

Rhea-AI Filing Summary

Shenandoah Telecommunications director Thomas Beckett reported equity award and related transactions. He received a grant of 9,863 restricted stock units, each representing a contingent right to one common share. He also exercised 10,924 restricted stock units into common stock, with 3,031 common shares withheld at $13.01 per share to cover tax obligations. After these transactions, he directly holds 30,769.9298 shares of common stock and 9,863 restricted stock units.

Insider Trade Summary

10,924 shares exercised/converted

Mixed 4 txns

Insider Beckett Thomas

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	9,863	$0.00	--
Exercise	Restricted Stock Unit	10,924	$0.00	--
Exercise	Common Stock	10,924	$0.00	--
Tax Withholding	Common Stock	3,031	$13.01	$39K

Holdings After Transaction: Restricted Stock Unit — 9,863 shares (Direct); Common Stock — 33,800.93 shares (Direct)

Footnotes (1)

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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).

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^*

Beckett Thomas

(Last) (First) (Middle)

PO BOX 459

(Street)

EDINBURG VA 22824

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	02/18/2026		M		10,924	A	(1)	33,800.9298	D
Common Stock	02/18/2026		F		3,031	D	$13.01	30,769.9298	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
Restricted Stock Unit	(1)	02/18/2026		M			10,924	02/18/2026	02/18/2026	Common Stock	10,924	$0	0	D
Restricted Stock Unit	(1)	02/19/2026		A		9,863		02/19/2027	02/19/2027	Common Stock	9,863	$0	9,863	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of common stock.

	/s/ Christopher E French Attorney in Fact for Thomas Beckett	02/20/2026
	** 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.

FAQ

What Form 4 activity did Shenandoah Telecommunications (SHEN) director Thomas Beckett report?

Director Thomas Beckett reported an equity award and related derivative transactions, including an RSU grant, RSU exercise into common stock, and a share disposition to satisfy tax obligations. These transactions reflect routine compensation and tax-withholding activity, not open-market buying or selling.

How many restricted stock units did Thomas Beckett receive from Shenandoah Telecommunications (SHEN)?

Thomas Beckett received 9,863 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Shenandoah Telecommunications common stock, aligning his compensation with shareholder interests through equity that typically vests over time according to company award terms.

What RSU exercise did Thomas Beckett report for Shenandoah Telecommunications (SHEN)?

Beckett reported exercising 10,924 restricted stock units into common stock at a stated price of $0.00 per share. This reflects a derivative exercise or conversion, moving value from restricted stock units into freely held Shenandoah Telecommunications common shares under his direct ownership.

Why were 3,031 Shenandoah Telecommunications (SHEN) shares disposed of in Thomas Beckett’s Form 4?

The disposal of 3,031 common shares at $13.01 per share was coded as a tax-withholding transaction. Shares were delivered to cover tax liabilities associated with equity compensation, rather than representing an open-market sale initiated for portfolio or valuation reasons.

What is Thomas Beckett’s Shenandoah Telecommunications (SHEN) ownership after these Form 4 transactions?

Following the reported transactions, Beckett directly owns 30,769.9298 common shares of Shenandoah Telecommunications and 9,863 restricted stock units. This reflects his updated equity stake after the RSU grant, RSU exercise into common stock, and tax-withholding share disposition.