Tracy Willis - 22 Apr 2025 Form 3 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role: VP & Chief Accounting Officer
Signature: /s/ Christopher E French Attorney in Fact for Tracy Willis
Issuer symbol: SHEN
Transactions as of: 22 Apr 2025
Net transactions value: $0
Form type: 3
Filing time: 23 Apr 2025, 16:16:33 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SHEN	Common Stock						0	22 Apr 2025	Direct

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
holding	SHEN	Restricted Stock Unit							22 Apr 2025	Common Stock	9,748	$0.000000	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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 policy