SHEN director awarded shares in lieu of fees

Fitzsimmons Tracy reported acquisition or exercise transactions in this Form 4 filing.

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Rhea-AI Filing Summary

Fitzsimmons Tracy reported acquisition or exercise transactions in this Form 4 filing.

Shenandoah Telecommunications director shares awarded in lieu of fees

Director Tracy Fitzsimmons received a grant of 76.4248 shares of common stock on 2026-03-02, taken as payment in lieu of director fees. The shares were valued at $13.6300 per share, bringing Fitzsimmons’ directly held stake to 53,121.9591 shares after the award.

Insider Trade Summary

Grant/Award: 76.4248 shares

Grant/Award 1 txn

Insider Fitzsimmons Tracy

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	76.4248	$13.63	$1K

Holdings After Transaction: Common Stock — 53,121.9591 shares (Direct)

Footnotes (1)

F1. Shares received in lieu of director fees.

FAQ

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What insider transaction did Shenandoah Telecommunications (SHEN) report for Tracy Fitzsimmons?

Shenandoah Telecommunications reported that director Tracy Fitzsimmons acquired 76.4248 shares of common stock as a grant in lieu of director fees. The award was recorded on March 2, 2026, and increased Fitzsimmons’ directly held stake to 53,121.9591 shares.

Was the SHEN insider transaction by Tracy Fitzsimmons a stock purchase or an award?

The SHEN insider transaction was an award, not an open-market purchase. Tracy Fitzsimmons received 76.4248 common shares as compensation in lieu of director fees, classified as a grant or other acquisition rather than a traditional buy or sell transaction.

At what price were the Shenandoah Telecommunications (SHEN) shares granted to Tracy Fitzsimmons?

The common stock awarded to Tracy Fitzsimmons was valued at $13.6300 per share. This valuation applies to the 76.4248 shares received in lieu of director fees, as disclosed in the Form 4 insider transaction details for March 2, 2026.

How many Shenandoah Telecommunications (SHEN) shares does Tracy Fitzsimmons hold after the latest award?

After the March 2, 2026 award, Tracy Fitzsimmons directly holds 53,121.9591 shares of Shenandoah Telecommunications common stock. This total reflects the addition of 76.4248 shares received as a grant in lieu of director fees under the company’s compensation arrangements.

How is the March 2, 2026 SHEN insider transaction by Tracy Fitzsimmons classified?

The March 2, 2026 transaction is classified as a grant, award, or other acquisition of non-derivative common stock. It involved 76.4248 shares taken as compensation for director service, rather than a purchase or sale in the open market or through a derivative exercise.

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Accepted by SEC EDGAR 03/03/2026 - 06:24 PM EST

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^*

Fitzsimmons Tracy

(Last)

(First)

(Middle)

PO BOX 459

(Street)

EDINBURG

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)
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	03/02/2026		A⁽¹⁾		76.4248	A	$13.63	53,121.9591	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 Tracy Fitzsimmons	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.

Source: View Original Filing on SEC EDGAR