Shenandoah Telecommunications (SHEN) chair records 2,249-share trust distribution

Rhea-AI Filing Summary

SHENANDOAH TELECOMMUNICATIONS CO/VA/ Executive Chairman Christopher E. French reported an internal trust distribution involving the company’s common stock. A trust where he serves as trustee distributed 2,249 shares of common stock to a beneficiary, described as a distribution from trust to beneficiary, with no price reported for the transfer.

Following this distribution, that trust held 125,387 shares of common stock. The filing also lists Mr. French’s other holdings as of the same date, including 483,576 shares held directly and multiple indirect family and trust-related positions, such as shares held by his spouse and children and in various family trusts, some of which he disclaims beneficial ownership where he has no pecuniary interest.

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

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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^*

FRENCH CHRISTOPHER E

(Last) (First) (Middle)

PO BOX 459

(Street)

EDINBURG VA 22824

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SHENANDOAH TELECOMMUNICATIONS CO/VA/ [ SHEN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	03/02/2026		J(1)		2,249	D	$0	125,387	I	TTEE WBF fbo Cynthia(2)
Common Stock								483,576	D
Common Stock								86,485	I	By Spouse
Common Stock								37,796	I	By Son
Common Stock								361,500	I	By Son as TTEE of French Family Trust(2)
Common Stock								339,966	I	TTEE WBF fbo Anne(2)
Common Stock								339,966	I	TTEE WBF fbo Christopher(2)
Common Stock								102,855	I	TTEE FGCT fbo Rebecca(2)
Common Stock								101,640	I	TTEE FGCT fbo Warren(2)
Common Stock								99,537	I	TTEE FGCT fbo Stuart(2)

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. Distribution from trust to beneficiary.

2. These shares are held in trust for the benefit of certain relatives of Mr. French. Mr. French disclaims beneficial ownership of the shares as to which he has no pecuniary interest and this filing is not an admission that Mr. French is the beneficial owner of such shares.

	Christopher E French	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did SHEN Executive Chairman Christopher French report on this Form 4?

Christopher French reported a distribution of 2,249 shares of SHEN common stock from a trust to a beneficiary. The transaction used code J, classified as “other acquisition or disposition,” and carried no reported price per share for the distributed shares.

How many SHEN shares did the relevant trust hold after the reported distribution?

After the 2,249-share distribution, the trust where Christopher French serves as trustee held 125,387 SHEN common shares. This post-transaction balance reflects only that specific trust account, separate from his direct holdings and other indirect family and trust-related positions.

What are Christopher French’s direct holdings of SHEN common stock after the reported Form 4 transactions?

The Form 4 indicates that Christopher French directly held 483,576 SHEN common shares after the reported transactions. This direct position is in addition to several indirect holdings through family members and trusts, each separately listed with its own post-transaction share balance.

Does Christopher French have indirect SHEN holdings through family members and trusts?

Yes. The filing lists indirect SHEN positions held by his spouse, son, and various family trusts, including balances such as 86,485 shares by spouse and 37,796 shares by son. Several trusts for relatives hold additional shares, separate from his direct ownership.

Does Christopher French claim beneficial ownership of all indirectly held SHEN shares?

No. The Form 4 states some shares are held in trusts for relatives, and he disclaims beneficial ownership where he has no pecuniary interest. The filing clarifies that it should not be taken as an admission that he is the beneficial owner of those particular shares.

Was the SHEN Form 4 transaction a traditional open-market stock purchase or sale?

No. The transaction is coded J, described as “other acquisition or disposition,” and reflects a distribution from a trust to a beneficiary. No purchase or sale price is reported, distinguishing it from a standard open-market buy or sell transaction.