Christopher E French - 19 Feb 2026 Form 4 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role: President & CEO
Signature: Christopher E French
Issuer symbol: SHEN
Transactions as of: 19 Feb 2026
Net transactions value: $0
Form type: 4
Filing time: 23 Feb 2026, 14:25:03 UTC
Previous filing: 05 Feb 2026
Next filing: 02 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
FRENCH CHRISTOPHER E	President & CEO	PO BOX 459, EDINBURG	Christopher E French	23 Feb 2026	0001120042

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHEN	Common Stock	Options Exercise		+47,488	+11%		483,576	19 Feb 2026	Direct	F2
holding	SHEN	Common Stock						86,485	19 Feb 2026	By Spouse
holding	SHEN	Common Stock						37,796	19 Feb 2026	By Son
holding	SHEN	Common Stock						361,500	19 Feb 2026	By Son as TTEE of French Family Trust	F1
holding	SHEN	Common Stock						127,636	19 Feb 2026	TTEE WBF fbo Cynthia	F1
holding	SHEN	Common Stock						339,966	19 Feb 2026	TTEE WBF fbo Anne	F1
holding	SHEN	Common Stock						339,966	19 Feb 2026	TTEE WBF fbo Christopher	F1
holding	SHEN	Common Stock						102,855	19 Feb 2026	TTEE FGCT fbo Rebecca	F1
holding	SHEN	Common Stock						101,640	19 Feb 2026	TTEE FGCT fbo Warren	F1
holding	SHEN	Common Stock						99,537	19 Feb 2026	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	-7,786	-5.8%	$0.000000	126,575	19 Feb 2026	Common Stock	7,786		Direct	F2, F3
transaction	SHEN	Restricted Stock Unit	Options Exercise	$0	-10,960	-8.7%	$0.000000	115,615	19 Feb 2026	Common Stock	10,960		Direct	F2, F3
transaction	SHEN	Restricted Stock Unit	Options Exercise	$0	-10,315	-8.9%	$0.000000	105,300	19 Feb 2026	Common Stock	10,315		Direct	F2, F3
transaction	SHEN	Restricted Stock Unit	Options Exercise	$0	-18,427	-17%	$0.000000	86,873	19 Feb 2026	Common Stock	18,427		Direct	F2, F3
transaction	SHEN	Restricted Stock Unit	Award	$0	+36,039	+41%	$0.000000	122,912	19 Feb 2026	Common Stpcl	36,039		Direct	F2, F3

* 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 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.