Shenandoah Telecom director granted stock at $12.37

Director Thomas Beckett increased his direct SHEN holdings slightly through stock received instead of cash director fees.

Rhea-AI Filing Summary

SHENANDOAH TELECOMMUNICATIONS CO (SHEN) director Thomas Beckett reported an acquisition of company common stock through compensation. On September 2, 2026, he received 32.3363 shares of common stock at a reported value of $12.37 per share, taken in lieu of director fees, bringing his direct holdings to 30,967.9472 shares.

Insider Trade Summary

Grant/Award: 32.3363 shares

Grant/Award 1 txn

Insider Beckett Thomas

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	32.3363	$12.37	$400.00

Holdings After Transaction: Common Stock — 30,967.9472 shares (Direct)

Footnotes (1)

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

Key Figures

Shares acquired: 32.3363 shares Reported value per share: $12.37 per share Holdings after transaction: 30,967.9472 shares

3 metrics

Shares acquired 32.3363 shares Grant, award, or other acquisition on September 2, 2026

Reported value per share $12.37 per share Value used for the September 2, 2026 stock grant

Holdings after transaction 30,967.9472 shares Thomas Beckett’s direct SHEN common stock holdings after the grant

Key Terms

non-derivative, direct or indirect, grant, award, or other acquisition, Rule 10b5-1

4 terms

non-derivative financial

"The transaction involves a non-derivative security, the issuer’s common stock."

direct or indirect financial

"The filing classifies Beckett’s ownership as direct rather than indirect."

grant, award, or other acquisition financial

"The transaction code description is grant, award, or other acquisition."

Rule 10b5-1 regulatory

"The filing’s plan-status checkbox indicates no Rule 10b5-1 plan."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

What insider transaction did SHEN director Thomas Beckett report?

He reported a grant of 32.3363 SHEN common shares on September 2, 2026, classified as a grant, award, or other acquisition of non-derivative common stock received as part of his director compensation.

At what value were the SHEN shares granted to Thomas Beckett?

The 32.3363 SHEN shares were valued at a reported $12.37 per share, according to the Form 4 entry for the September 2, 2026 grant of common stock.

How many SHEN shares does Thomas Beckett hold after this Form 4 transaction?

After this transaction, Thomas Beckett directly holds 30,967.9472 SHEN common shares, as reported in the Form 4’s post-transaction holdings field.

Was Thomas Beckett’s SHEN Form 4 transaction part of a Rule 10b5-1 plan?

The filing indicates no Rule 10b5-1 trading plan for this transaction; the document-level checkbox for such a plan is explicitly unchecked.

How did Thomas Beckett receive the new SHEN shares reported on the Form 4?

A footnote explains the shares were received in lieu of director fees, meaning part of his director compensation was paid in SHEN common stock instead of cash.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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

Beckett Thomas

(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)		32.3363	A	$12.37	30,967.9472	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 Thomas Beckett	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)