What price per share did Shenandoah Telecommunications (SHEN) report for the stock awarded to Thomas Beckett?

The award to Thomas Beckett was valued at $11.99 per share for 33.3611 shares of Common Stock. This per-share value is reported as the transaction price in the Form 4 for the August 3, 2026 director fee stock award.

Shenandoah Telecommunications (SHEN) director awarded stock in lieu of fees

Q: Was Thomas Beckett’s SHEN stock transaction a market purchase or a compensation award?

The transaction was a compensation award , not an open-market purchase. A footnote states the 33.3611 shares of Common Stock were " received in lieu of director fees ," indicating stock was issued instead of paying cash fees.

Q: Was Thomas Beckett’s SHEN stock award made under a Rule 10b5-1 trading plan?

The document-level Rule 10b5-1 checkbox is shown as not checked for this Form 4. That indicates the reported August 3, 2026 stock award in lieu of director fees was not designated as executed under a Rule 10b5-1 trading plan.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Beckett Thomas reported acquisition or exercise transactions in this Form 4 filing.

Shenandoah Telecommunications director Thomas Beckett received a stock award of 33.3611 shares of Common Stock on August 3, 2026, valued at $11.99 per share, in lieu of director fees. Following this grant, he directly holds 30,935.6109 shares. The Rule 10b5-1 checkbox was not marked.

Insider Trade Summary

Net Buyer: 33.3611 shares

Net Buy 1 txn

Insider Beckett Thomas

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock ^F1	33.3611	$11.99	$400.00

Holdings After Transaction: Common Stock — 30,935.6109 shares (Direct)

Footnotes (1)

F1. Shares received in lieu of director fees.

Key Figures

Shares acquired: 33.3611 shares Price per share: $11.99 Total holdings after grant: 30,935.6109 shares +1 more

4 metrics

Shares acquired 33.3611 shares Common Stock granted to director Thomas Beckett on August 3, 2026

Price per share $11.99 Reported value per share for the Common Stock grant

Total holdings after grant 30,935.6109 shares Direct Common Stock ownership following the reported award

Transaction date 2026-08-03 Date of stock award in lieu of director fees

Key Terms

Grant, award, or other acquisition, Rule 10b5-1, director fees, Common Stock

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Rule 10b5-1 regulatory

"aff_10b5_one is the filing's document-level Rule 10b5-1 checkbox"

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.

director fees financial

"Footnote F1: Shares received in lieu of director fees."

Common Stock financial

"security_title: Common Stock for the reported transaction."

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.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/04/2026 - 04:34 PM Accepted by SEC EDGAR 08/04/2026 - 04:33 PM

FAQ

What insider transaction did Shenandoah Telecommunications (SHEN) report for director Thomas Beckett?

The filing reports that director Thomas Beckett received a stock award of 33.3611 shares of Shenandoah Telecommunications Common Stock on August 3, 2026, as compensation in lieu of director fees, at a stated value of $11.99 per share.

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

After the August 3, 2026 award, Thomas Beckett directly holds 30,935.6109 shares of Shenandoah Telecommunications Common Stock. This total reflects his updated direct beneficial ownership following receipt of 33.3611 shares in stock instead of cash director fees.

Was Thomas Beckett’s SHEN stock transaction a market purchase or a compensation award?

The transaction was a compensation award, not an open-market purchase. A footnote states the 33.3611 shares of Common Stock were "received in lieu of director fees," indicating stock was issued instead of paying cash fees.

Was Thomas Beckett’s SHEN stock award made under a Rule 10b5-1 trading plan?

The document-level Rule 10b5-1 checkbox is shown as not checked for this Form 4. That indicates the reported August 3, 2026 stock award in lieu of director fees was not designated as executed under a Rule 10b5-1 trading plan.

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)

SHENANDOAH TELECOMMUNICATIONS COMPANY

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⁾		33.3611	A	$11.99	30,935.6109	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)
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 Thomas Beckett	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