Shenandoah (SHEN) director designee receives 9,863 RSUs for LIF Vista

Rhea-AI Filing Summary

DiMola James F reported acquisition or exercise transactions in this Form 4 filing.

Shenandoah Telecommunications reported that director designee James F. DiMola was granted 9,863 restricted stock units. Each RSU represents the right to receive one share of common stock. According to the disclosure, the economic benefit from these equity awards is allocated to LIF Vista, LLC or its affiliates.

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^*

DiMola James F

(Last) (First) (Middle)

767 FIFTH AVENUE

11TH FLOOR

(Street)

NEW YORK NY 10153

(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)
02/19/2026

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

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
Restricted Stock Unit	(1)	02/19/2026		A		9,863		02/19/2027	02/19/2027	Common Stock	9,863	$0	9,863	D(2)

Explanation of Responses:

1. Each RSU represents a contingent right to receive one share of common stock.

2. The Reporting Person serves as a director designee of LIF Vista, LLC ("LIF Vista") on the Board of Directors of the Issuer. In connection with this arrangement, any equity-based securities awarded to the Reporting Person in his capacity as a director of the Issuer will be held by the Reporting Person on behalf of LIF Vista or its affiliates, transferred by the Reporting Person to LIF Vista or its affiliates, and/or sold by the Reporting Person, with the proceeds of such sale to be remitted to LIF Vista or its affiliates, in each case as directed by LIF Vista. Accordingly, the Reporting Person does not have a pecuniary interest in these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.

	/s/ James DiMola	02/23/2026
	** 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 equity award was reported for SHEN on this Form 4?

A director designee associated with SHEN received a grant of 9,863 restricted stock units. Each RSU corresponds to one share of common stock, representing equity-based compensation rather than a cash transaction, and increasing that designee’s reported derivative holdings in the company.

Who received the 9,863 restricted stock units at Shenandoah Telecommunications (SHEN)?

Director designee James F. DiMola received 9,863 restricted stock units in his capacity as a board member. However, the related economic interests from these equity awards are directed to LIF Vista, LLC or its affiliates under an existing arrangement described in the disclosure.

What does each restricted stock unit granted at SHEN represent?

Each restricted stock unit granted represents a contingent right to receive one share of Shenandoah Telecommunications common stock. This means the holder can receive actual shares in the future, subject to the applicable vesting and other conditions outlined in the award terms.

How is LIF Vista, LLC involved in the SHEN director’s RSU grant?

LIF Vista, LLC designates the director to SHEN’s board and receives the economic benefit of equity awards. Any RSUs or related sale proceeds are to be held for, transferred to, or remitted to LIF Vista or its affiliates, as directed by that entity.

Does the reporting person have a pecuniary interest in the SHEN RSUs?

The reporting person is stated not to have a pecuniary interest in these RSUs for Section 16 purposes. Instead, the economic benefits from these equity-based securities are allocated to LIF Vista, LLC or its affiliates, pursuant to the director designation arrangement.