Does the SHEN Form 4 show any share sales or a 10b5-1 trading plan for Leigh Ann Schultz?

The Form 4 reports no sales of SHEN shares by Leigh Ann Schultz and the Rule 10b5-1 checkbox is not marked as an affirming trading plan. The only reportable transaction is a stock-based compensation grant.

What indirect SHEN share ownership is reported for Leigh Ann Schultz?

The filing lists 38.0000 SHEN shares as indirectly owned by Leigh Ann Schultz through her spouse. These are reported separately from her direct holdings, reflecting a different nature of ownership in the insider ownership table.

Shenandoah Telecommunications (SHEN) director receives stock award

Q: What insider transaction did SHEN director Leigh Ann Schultz report?

Leigh Ann Schultz reported an award of 55.6022 SHEN common shares on August 3, 2026. The shares were granted as compensation, rather than a market purchase, and are classified as a non-derivative acquisition of common stock.

Q: At what price were the SHEN shares granted to director Leigh Ann Schultz?

The award to Leigh Ann Schultz used a price of $11.9900 per SHEN share . This value is used for reporting the equity grant received in lieu of director fees and does not reflect an open-market trade by the director.

Q: Were the SHEN shares acquired by Leigh Ann Schultz a market purchase or compensation?

The 55.6022 SHEN shares were received in lieu of director fees , according to the footnote. This indicates they are part of her board compensation package, not shares bought on the open market under a personal trading decision.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

SCHULTZ LEIGH ANN reported acquisition or exercise transactions in this Form 4 filing.

Shenandoah Telecommunications director Leigh Ann Schultz received stock as part of her board compensation. On August 3, 2026 she was granted 55.6022 shares of common stock at $11.9900 per share, received in lieu of director fees. After this award she directly holds 34,358.2696 shares, plus 38.0000 shares held indirectly through her spouse.

Insider Trade Summary

Net Buyer: 55.6022 shares

Net Buy 2 txns

Insider SCHULTZ LEIGH ANN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock ^F1	55.6022	$11.99	$666.67
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 34,358.2696 shares (Direct); Common Stock — 38 shares (Indirect, Spouse)

Footnotes (1)

F1. Shares received in lieu of director fees.

Key Figures

Shares awarded: 55.6022 shares Grant price: $11.9900 per share Direct holdings after award: 34,358.2696 shares +2 more

5 metrics

Shares awarded 55.6022 shares Common stock grant to director on August 3, 2026, received in lieu of director fees

Grant price $11.9900 per share Reference price used for the common stock compensation award

Direct holdings after award 34,358.2696 shares Common stock directly owned by Leigh Ann Schultz following the transaction

Indirect holdings (spouse) 38.0000 shares Common stock reported as indirectly owned through spouse

Transaction date 2026-08-03 Date of the common stock grant in lieu of director fees

Key Terms

non-derivative, grant, award, or other acquisition, indirect, in lieu of director fees

4 terms

non-derivative financial

"The transaction_type is shown as non-derivative for the common stock grant."

grant, award, or other acquisition financial

"The transaction_code_description states grant, award, or other acquisition."

indirect financial

"An additional holding entry lists 38.0000 shares as indirect ownership via spouse."

in lieu of director fees financial

"A footnote explains the shares were received in lieu of director fees."

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

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

Add on Google

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/04/2026 - 05:35 PM Accepted by SEC EDGAR 08/04/2026 - 05:35 PM

FAQ

What insider transaction did SHEN director Leigh Ann Schultz report?

Leigh Ann Schultz reported an award of 55.6022 SHEN common shares on August 3, 2026. The shares were granted as compensation, rather than a market purchase, and are classified as a non-derivative acquisition of common stock.

At what price were the SHEN shares granted to director Leigh Ann Schultz?

The award to Leigh Ann Schultz used a price of $11.9900 per SHEN share. This value is used for reporting the equity grant received in lieu of director fees and does not reflect an open-market trade by the director.

How many SHEN shares does Leigh Ann Schultz hold after this Form 4 transaction?

Following the reported grant, Leigh Ann Schultz directly holds 34,358.2696 SHEN shares. In addition, 38.0000 shares are reported as indirectly owned through her spouse, reflecting combined economic exposure noted in the ownership table.

Were the SHEN shares acquired by Leigh Ann Schultz a market purchase or compensation?

The 55.6022 SHEN shares were received in lieu of director fees, according to the footnote. This indicates they are part of her board compensation package, not shares bought on the open market under a personal trading decision.

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)
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/03/2026		A⁽¹⁾		55.6022	A	$11.99	34,358.2696	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares received in lieu of director fees.

	/s/ Christopher E French Attorney in Fact for Leigh Ann Schultz	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)

Source: View Original Filing on SEC EDGAR