Christopher E. French - Feb 20, 2025 Form 4 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role
President & CEO
Signature
Christopher E French
Stock symbol
SHEN
Transactions as of
Feb 20, 2025
Transactions value $
$0
Form type
4
Date filed
2/24/2025, 04:18 PM
Previous filing
Feb 20, 2025
Next filing
Mar 11, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHEN Common Stock Options Exercise +35.5K +9.92% 394K Feb 20, 2025 Direct F2
holding SHEN Common Stock 86.5K Feb 20, 2025 By Spouse
holding SHEN Common Stock 37.8K Feb 20, 2025 By Son
holding SHEN Common Stock 345K Feb 20, 2025 By Son as TTEE of French Family Trust F1
holding SHEN Common Stock 131K Feb 20, 2025 TTEE WBF fbo Cynthia F1
holding SHEN Common Stock 340K Feb 20, 2025 TTEE WBF fbo Anne F1
holding SHEN Common Stock 340K Feb 20, 2025 TTEE WBF fbo Christopher F1
holding SHEN Common Stock 103K Feb 20, 2025 TTEE FGCT fbo Rebecca F1
holding SHEN Common Stock 102K Feb 20, 2025 TTEE FGCT fbo Warren F1
holding SHEN Common Stock 99.5K Feb 20, 2025 TTEE FGCT fbo Stuart F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SHEN Restricted Stock Unit Options Exercise $0 -6.48K -3.81% $0.00 163K Feb 20, 2025 Common Stock 6.48K Direct F2, F3
transaction SHEN Restricted Stock Unit Options Exercise $0 -7.79K -4.76% $0.00 156K Feb 20, 2025 Common Stock 7.79K Direct F2, F4
transaction SHEN Restricted Stock Unit Options Exercise $0 -11K -7.04% $0.00 145K Feb 20, 2025 Common Stock 11K Direct F2, F4
transaction SHEN Restricted Stock Unit Options Exercise $0 -10.3K -7.13% $0.00 134K Feb 20, 2025 Common Stock 10.3K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held in trust for the benefit of certain relatives of Mr. French. Mr. French disclaims beneficial ownership of the shares as to which he has no pecuniary interest and this filing is not an admission that Mr. French is the beneficial owner of such shares.
F2 Each restricted stock unit represents a contingent right to receive one share of common stock.
F3 The restricted stock unit award vests 10% in February 2022; and then 30% each in February 2023, February 2024, and February 2025. The restricted stock unit award (and shares issuable upon exercise of the restricted stock unit award) are subject to cancellation and forfeiture in accordance with the Company's executive compensation recovery policy.
F4 The restricted stock unit award vests one-fourth on each the first, second, third and fourth anniversary. The restricted stock unit award (and shares issuable upon exercise of the restricted stock unit award) are subject to cancellation and forfeiture in accordance with the Company's executive compensation recovery policy.