Tracy Willis - 19 Feb 2026 Form 4 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
19 Feb 2026
Net transactions value
-$10,531
Form type
4
Filing time
23 Feb 2026, 14:39:38 UTC
Previous filing
23 Apr 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Willis Tracy VP & Chief Accounting Officer PO BOX 459, EDINBURG /s/ Christopher E French Attorney in Fact for Tracy Willis 23 Feb 2026 0002061563

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHEN Common Stock Options Exercise +2,437 2,437 19 Feb 2026 Direct F1
transaction SHEN Common Stock Tax liability $10,531 -799 -33% $13.18 1,638 19 Feb 2026 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
transaction SHEN Restricted Stock Unit Options Exercise $0 -2,437 -25% $0.000000 7,311 19 Feb 2026 Common Stock 2,437 Direct F1, F2
transaction SHEN Restricted Stock Unit Award $0 +9,632 +132% $0.000000 16,943 19 Feb 2026 Common Stock 9,632 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of common stock.
F2 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.