Shenandoah (SHEN) director Quaglio awarded 52.7 shares in lieu of fees

Rhea-AI Filing Summary

Shenandoah Telecommunications (SHEN) director Kenneth L. Quaglio acquired 52.6537 shares of common stock on 02/02/2026 through an automatic transaction coded "A". The shares were received in lieu of director fees at a price of $11.87 per share and are held directly.

After this award, Quaglio beneficially owns 60,682.1136 shares of Shenandoah Telecommunications common stock in direct ownership form.

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^*

QUAGLIO KENNETH L

(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 Stock	02/02/2026		A(1)		52.6537	A	$11.87	60,682.1136	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 Kenneth L Quaglio	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 Kenneth L. Quaglio report?

Kenneth L. Quaglio reported acquiring 52.6537 shares of Shenandoah Telecommunications common stock. The acquisition occurred on 02/02/2026 and was coded as transaction type "A", indicating an automatic or award-related transaction rather than an open-market purchase or sale.

At what price were the SHEN shares received by director Kenneth L. Quaglio?

The shares were valued at $11.87 per share when received. This price is reported as the transaction price per share for the 52.6537 Shenandoah Telecommunications common shares issued to Quaglio in connection with his director compensation on 02/02/2026.

Why did Kenneth L. Quaglio receive additional SHEN shares instead of cash?

The filing states that the shares were "received in lieu of director fees." This means Shenandoah Telecommunications compensated Quaglio for his board service using 52.6537 shares of common stock instead of paying equivalent director fees entirely in cash.

How many SHEN shares does Kenneth L. Quaglio own after this transaction?

Following the reported transaction, Kenneth L. Quaglio beneficially owns 60,682.1136 shares of Shenandoah Telecommunications common stock. The Form 4 specifies that these shares are held in direct ownership, reflecting his position after the stock-based director fee award.

Is Kenneth L. Quaglio a major shareholder or officer at Shenandoah Telecommunications (SHEN)?

Kenneth L. Quaglio is identified as a director of Shenandoah Telecommunications. The filing does not mark him as a ten percent owner or an officer, and no officer title is listed, indicating his role is limited to board service.