What price per share was reported for Thomas Beckett’s SHEN grant?

The grant was reported at 15.42 per share for Form 4 reporting purposes. This price is used to calculate the value of the 25.9403 common shares received in lieu of director fees, rather than reflecting an open-market trade.

Shenandoah Telecommunications (SHEN) director granted shares in lieu of fees

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Beckett Thomas reported acquisition or exercise transactions in this Form 4 filing.

Shenandoah Telecommunications director Thomas Beckett received a grant of 25.9403 shares of common stock on April 2, 2026, as compensation in lieu of director fees. The shares were valued at 15.42 per share for reporting purposes, bringing his directly held stake to 30,825.2171 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Beckett Thomas

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common	25.94	$15.42	$400.00

Holdings After Transaction: Common — 30,825.217 shares (Direct)

Footnotes (1)

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Key Figures

Shares granted: 25.9403 shares Reported price per share: 15.42 per share Total shares after grant: 30,825.2171 shares

3 metrics

Shares granted 25.9403 shares Common stock grant on April 2, 2026 in lieu of director fees

Reported price per share 15.42 per share Valuation used for the 25.9403-share grant

Total shares after grant 30,825.2171 shares Direct holdings following the Form 4 transaction

Key Terms

grant/award acquisition, director fees, Form 4

3 terms

grant/award acquisition financial

"transaction_action: "grant/award acquisition" describes the nature of the transaction"

director fees financial

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

Form 4 regulatory

"INSIDER FILING DATA (Form 4): details the insider transaction"

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 →

04/02/2026 - 03:43 PM

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

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)
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	04/02/2026		A⁽¹⁾		25.9403	A	$15.42	30,825.2171	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 Thomas Beckett	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did SHEN director Thomas Beckett report?

Thomas Beckett reported receiving 25.9403 common shares as a grant on April 2, 2026. The shares were issued in lieu of director fees and are classified as an acquisition transaction, not an open-market purchase or sale.

Was the SHEN Form 4 transaction a market buy or sell?

The Form 4 shows a grant classified as a “grant, award, or other acquisition,” not an open-market buy or sell. Shares were received as compensation in lieu of director fees, so no open-market trading decision is involved.

How many SHEN shares does Thomas Beckett hold after this Form 4?

After the reported grant, Thomas Beckett directly holds 30,825.2171 common shares. This figure reflects his position immediately following receipt of 25.9403 shares granted as director compensation in lieu of cash fees.

How is the SHEN director grant classified in the Form 4 filing?

The transaction uses code A, described as a grant, award, or other acquisition. A footnote explains the 25.9403 common shares were received in lieu of director fees, confirming it is compensation-related rather than a discretionary market trade.