LEIGH ANN SCHULTZ - 18 Feb 2026 Form 4 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role
Director
Signature
/s/ Christopher E French Attorney in Fact for Leigh Ann Schultz
Issuer symbol
SHEN
Transactions as of
18 Feb 2026
Net transactions value
-$39,433
Form type
4
Filing time
20 Feb 2026, 16:11:48 UTC
Previous filing
03 Feb 2026
Next filing
03 Mar 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
SCHULTZ LEIGH ANN Director PO BOX 459, EDINBURG /s/ Christopher E French Attorney in Fact for Leigh Ann Schultz 20 Feb 2026 0001680184

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHEN Common Stock Options Exercise +10,924 +42% 37,113 18 Feb 2026 Direct F1
transaction SHEN Common Stock Tax liability $39,433 -3,031 -8.2% $13.01 34,082 18 Feb 2026 Direct
holding SHEN Common Stock 38 18 Feb 2026 Spouse

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 -10,924 -100% $0.000000 0 18 Feb 2026 Common Stock 10,924 Direct F1
transaction SHEN Restricted Stock Unit Award $0 +9,863 $0.000000 9,863 19 Feb 2026 Common Stock 9,863 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of common stock.