Shenandoah Telecommunications (SHEN) director takes fees in stock grant

Rhea-AI Filing Summary

Shenandoah Telecommunications director Thomas Beckett reported receiving company common stock as compensation. On 02/02/2026, he acquired 33.6984 shares of common stock at $11.87 per share, taken in lieu of director fees. After this transaction, he beneficially owned 22,876.9298 shares, all held directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Beckett Thomas

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common	33.698	$11.87	$400.00

Holdings After Transaction: Common — 22,876.93 shares (Direct)

Footnotes (1)

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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).

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)
02/02/2026

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	02/02/2026		A(1)		33.6984	A	$11.87	22,876.9298	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	02/03/2026
	** 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.

FAQ

What insider transaction did SHEN director Thomas Beckett report?

Thomas Beckett reported receiving 33.6984 SHEN common shares on 02/02/2026. The shares were issued at $11.87 each and were received in lieu of cash director fees, increasing his directly held stake to 22,876.9298 shares.

Was the SHEN Form 4 transaction an open-market trade?

No, the SHEN Form 4 does not reflect an open-market trade. The 33.6984 common shares reported were received in lieu of director fees, meaning they represent stock-based compensation rather than a purchase or sale on the open market.

How many Shenandoah Telecommunications shares does Thomas Beckett now own?

After the reported transaction, Thomas Beckett beneficially owns 22,876.9298 SHEN shares. All of these shares are reported as directly held, reflecting his updated ownership position following receipt of stock in place of director fees.

What price per share is reported in Thomas Beckett’s SHEN Form 4?

The Form 4 reports a price of $11.87 per SHEN common share. This price is tied to the 33.6984 shares issued to director Thomas Beckett as compensation in lieu of cash director fees on 02/02/2026.

What is the transaction code used in Thomas Beckett’s SHEN Form 4?

The transaction is coded as “A” for an acquisition of securities. This code applies to the 33.6984 SHEN common shares that Beckett received as stock compensation, given in lieu of director fees rather than through a market purchase.

Is Thomas Beckett a director or officer of Shenandoah Telecommunications?

Thomas Beckett is reported as a director of Shenandoah Telecommunications. The Form 4 indicates his relationship to the issuer as a director, with no officer role or 10% ownership status checked, and shows his updated direct share ownership following the stock compensation.