[Form 4] SHENANDOAH TELECOMMUNICATIONS CO/VA/ Insider Trading Activity

Rhea-AI Filing Summary

Koontz Richard L Jr reported acquisition or exercise transactions in this Form 4 filing.

Shenandoah Telecommunications director Richard L. Koontz Jr. received a stock grant of 32.4254 shares of common stock, valued at $15.42 per share, as compensation. The shares were received in lieu of director fees and increased his direct holdings to 71,675.2228 shares, reflecting routine, compensation-related equity accrual rather than an open-market purchase.

Insider Trade Summary 10b5-1

1 transaction reported

Mixed 1 txn

Insider Koontz Richard L Jr

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	32.425	$15.42	$500.00

Holdings After Transaction: Common Stock — 71,675.223 shares (Direct)

Footnotes (1)

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Key Figures

Shares granted: 32.4254 shares Grant reference price: $15.42 per share Shares owned after grant: 71,675.2228 shares +1 more

4 metrics

Shares granted 32.4254 shares Common stock grant in lieu of director fees

Grant reference price $15.42 per share Value associated with the stock grant

Shares owned after grant 71,675.2228 shares Direct holdings following the transaction

Acquire transactions 1 transaction Non-derivative acquisition reported in this Form 4

Key Terms

Grant, award, or other acquisition, director fees, Common Stock, Form 4

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

director fees financial

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

Common Stock financial

"security_title: Common Stock"

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.

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.

Form 4 Insider Transactions: What Each Field Means →

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).

X

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^*

Koontz Richard L Jr

(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)
04/02/2026

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 Stock	04/02/2026		A(1)		32.4254	A	$15.42	71,675.2228	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 Richard L Koontz Jr	04/02/2026
	** 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)

FAQ

What insider transaction did SHEN director Richard L. Koontz Jr. report?

Director Richard L. Koontz Jr. reported receiving 32.4254 shares of Shenandoah Telecommunications common stock. The shares were granted as compensation, not bought on the market, and were received in lieu of director fees at a reference value of $15.42 per share.

Was the SHEN insider transaction a market purchase or a stock grant?

The SHEN insider transaction was a stock grant, not a market purchase. Richard L. Koontz Jr. acquired 32.4254 shares as a grant in lieu of director fees, classified as a “Grant, award, or other acquisition” under the Form 4 transaction code A.

How many SHEN shares does Richard L. Koontz Jr. hold after this Form 4?

After the reported grant, Richard L. Koontz Jr. directly holds 71,675.2228 shares of Shenandoah Telecommunications common stock. This reflects his updated ownership position following receipt of 32.4254 shares in stock-based compensation for board service.

What price per share is associated with the SHEN director’s stock grant?

The stock grant to SHEN director Richard L. Koontz Jr. is associated with a price of $15.42 per share. This value is used in the Form 4 disclosure for 32.4254 shares received as compensation in lieu of cash director fees.

Does the SHEN Form 4 show any insider stock sales by Richard L. Koontz Jr.?

The Form 4 for SHEN shows no insider stock sales by Richard L. Koontz Jr. It reports only one acquisition transaction, where he received 32.4254 shares of common stock as a grant in lieu of director fees, increasing his direct holdings.