Director Thomas Beckett receives SHEN (SHEN) stock grant in lieu of fees

Rhea-AI Filing Summary

Shenandoah Telecommunications director Thomas Beckett reported acquiring 29.347 shares of common stock on March 2, 2026. The shares were received in lieu of director fees, reflecting compensation paid in stock rather than cash. After this grant, his direct ownership increased to 30,799.2768 common shares.

Insider Trade Summary

Net Buyer: 29.347 shares

Net Buy 1 txn

Insider Beckett Thomas

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common	29.347	$13.63	$400.00

Holdings After Transaction: Common — 30,799.2768 shares (Direct)

Footnotes (1)

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/03/2026 - 06:23 PM Learn about SEC filing dates

FAQ

What insider transaction did SHEN director Thomas Beckett report?

Thomas Beckett reported acquiring 29.347 SHEN common shares. The Form 4 states this was a grant or award, classified as an acquisition transaction, increasing his directly held stake to 30,799.2768 shares following the transaction.

When did the SHEN insider share award to Thomas Beckett occur?

The reported insider share award occurred on March 2, 2026. On that date, Thomas Beckett received 29.347 common shares of Shenandoah Telecommunications as a grant in lieu of director fees, according to the Form 4 disclosure.

How many SHEN shares does Thomas Beckett own after this transaction?

After this transaction, Thomas Beckett directly owns 30,799.2768 SHEN common shares. The Form 4 lists this as his total direct beneficial ownership following the 29.347-share grant received in lieu of director fees.

What was the price per share for Thomas Beckett’s SHEN stock grant?

The Form 4 reports a transaction price of $13.63 per SHEN share. This price applies to the 29.347 common shares granted to director Thomas Beckett on March 2, 2026, as compensation in stock rather than cash.

Was Thomas Beckett’s SHEN transaction a market purchase or a grant?

The transaction was a grant or award, not a market purchase. The Form 4 classifies it under code A, and a footnote explains the 29.347 shares were received in lieu of director fees as part of his compensation.

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 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)

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

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	03/02/2026		A(1)		29.347	A	$13.63	30,799.2768	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	03/03/2026
	** 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.