Shenandoah Telecom director granted 53.9 shares

Shenandoah Telecommunications Co (SHEN) reported that director Leigh Ann Schultz acquired 53.8941 shares of common stock on September 2, 2026 as a grant or award received in lieu of director fees, at a reported price of $12.37 per share.

Rhea-AI Filing Summary

Shenandoah Telecommunications Co (SHEN) reported that director Leigh Ann Schultz acquired 53.8941 shares of common stock on September 2, 2026 as a grant or award received in lieu of director fees, at a reported price of $12.37 per share. Following this award, she directly holds 34,412.1637 shares of common stock. In addition, 38 shares are reported as held indirectly through her spouse.

Insider Trade Summary

Grant/Award: 53.8941 shares

Grant/Award 2 txns

Insider SCHULTZ LEIGH ANN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	53.8941	$12.37	$666.67
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 34,412.1637 shares (Direct); Common Stock — 38 shares (Indirect, Spouse)

Footnotes (1)

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

Key Figures

Shares granted: 53.8941 shares Grant price per share: $12.37 per share Direct holdings after transaction: 34,412.1637 shares +1 more

4 metrics

Shares granted 53.8941 shares Common Stock grant to director on September 2, 2026, in lieu of director fees

Grant price per share $12.37 per share Reported price for the September 2, 2026 Common Stock grant

Direct holdings after transaction 34,412.1637 shares Common Stock directly held by Leigh Ann Schultz following the grant

Indirect holdings (spouse) 38 shares Common Stock held indirectly through spouse as reported on Form 4

Key Terms

in lieu of director fees, indirect, Common Stock

3 terms

in lieu of director fees financial

"Shares received in lieu of director fees."

indirect financial

"38.0000 shares reported as indirect ownership via Spouse"

Common Stock financial

"security title listed as Common Stock for all reported holdings"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SHEN director Leigh Ann Schultz report?

Leigh Ann Schultz reported a grant of 53.8941 SHEN common shares on September 2, 2026, received in lieu of director fees, at a reported price of $12.37 per share.

How many SHEN shares does Leigh Ann Schultz hold after this transaction?

After the September 2, 2026 grant, Leigh Ann Schultz holds 34,412.1637 SHEN common shares directly, plus 38 shares reported as held indirectly through her spouse.

Was the SHEN Form 4 transaction a market purchase or a grant?

The Form 4 for SHEN shows a grant or award acquisition of 53.8941 shares, described in a footnote as “Shares received in lieu of director fees”, rather than an open-market purchase.

What price per share is reported for the SHEN stock grant to Leigh Ann Schultz?

The reported price for the September 2, 2026 SHEN common stock grant to Leigh Ann Schultz is $12.37 per share for the 53.8941 shares received in lieu of director fees.

Does the SHEN Form 4 indicate use of a Rule 10b5-1 trading plan?

No. The Form 4 for SHEN shows the document-level Rule 10b5-1 checkbox as not affirmed, and the footnote for the September 2, 2026 grant only states that the shares were received in lieu of director fees.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/03/2026 - 08:12 PM EDT Accepted by SEC EDGAR 09/03/2026 - 08:11 PM EDT 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^*

SCHULTZ LEIGH ANN

(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)		53.8941	A	$12.37	34,412.1637	D
Common Stock								38	I	Spouse

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 Leigh Ann Schultz	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)