SHEN director granted additional share-based fees

Shenandoah Telecommunications director Thomas Beckett received additional shares as part of his board compensation.

Rhea-AI Filing Summary

Shenandoah Telecommunications director Thomas Beckett received additional shares as part of his board compensation. On the reported date, he acquired 25.0784 shares of common stock at an indicated value of $15.95 per share, received in lieu of cash director fees.

After this non-market grant, Beckett directly owns 30,875.7246 shares of Shenandoah Telecommunications common stock. The filing shows no related derivative positions and no open-market buying or selling activity, indicating a routine equity-based compensation event rather than a discretionary trade.

Insider Trade Summary

Grant/Award: 25.0784 shares

Grant/Award 1 txn

Insider Beckett Thomas

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common	25.0784	$15.95	$400.00

Holdings After Transaction: Common — 30,875.7246 shares (Direct)

Footnotes (1)

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

Key Figures

Shares granted: 25.0784 shares Per-share value: $15.95 per share Post-transaction holdings: 30,875.7246 shares +2 more

5 metrics

Shares granted 25.0784 shares Common stock received in lieu of director fees

Per-share value $15.95 per share Value assigned to granted shares

Post-transaction holdings 30,875.7246 shares Common shares directly owned after grant

Transaction code A Grant, award, or other acquisition of non-derivative common stock

Transaction date 2026-06-01 Date of share grant

Key Terms

Grant, award, or other acquisition, director fees, Form 4, non-derivative

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

director fees financial

"Shares received in lieu of director fees."

Form 4 regulatory

"INSIDER FILING DATA (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.

non-derivative financial

"transaction_type: non-derivative"

FAQ

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

What insider transaction did SHEN director Thomas Beckett report on this Form 4?

Director Thomas Beckett reported receiving 25.0784 SHEN common shares as compensation, classified as a grant or award. The shares were issued in lieu of director fees, so this was not an open-market purchase and reflects routine equity-based board compensation.

Was the SHEN Form 4 transaction an open-market buy or a compensation grant?

The SHEN Form 4 shows a compensation grant, not an open-market buy. Code "A" indicates a grant, award, or other acquisition, and the footnote states the 25.0784 shares were received in lieu of director fees rather than purchased on the open market.

How many Shenandoah Telecommunications (SHEN) shares does Thomas Beckett hold after this grant?

After the reported transaction, Thomas Beckett directly holds 30,875.7246 SHEN common shares. The 25.0784-share grant modestly increased his stake, and the filing shows no derivative positions such as options or warrants remaining in this particular disclosure.

What does the $15.95 figure represent in Thomas Beckett’s SHEN Form 4 filing?

The Form 4 lists a value of $15.95 per share for the 25.0784 SHEN common shares granted. This figure reflects the per-share value used to record the equity compensation received in lieu of director fees, rather than a price paid in a market transaction.

Does the SHEN Form 4 indicate any sales or disposals by Thomas Beckett?

The SHEN Form 4 does not show any sales or disposals by Thomas Beckett. It reports a single acquisition transaction coded "A" for 25.0784 shares, increasing his direct holdings, with no corresponding sell, gift, or tax-withholding entries in this filing.

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

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Accepted by SEC EDGAR 06/02/2026 - 05:12 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^*

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)
06/01/2026

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	06/01/2026		A(1)		25.0784	A	$15.95	30,875.7246	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	06/02/2026
	** 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)