Christopher E French - 17 Feb 2022 Form 4 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role: President
Signature: Christopher E French
Issuer symbol: SHEN
Transactions as of: 17 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 22 Feb 2022, 05:50:13 UTC
Previous filing: 04 Feb 2022
Next filing: 24 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHEN	Common Stock	Award	$0	+16,056	+9.2%	$0.000000	190,026	17 Feb 2022	Direct
holding	SHEN	Common Stock						64,296	17 Feb 2022	By Spouse
holding	SHEN	Common Stock						37,796	17 Feb 2022	By Son
holding	SHEN	Common Stock						160,706	17 Feb 2022	TTEE French Grandchildren Trust	F1
holding	SHEN	Common Stock						217,004	17 Feb 2022	TTEE U/A WBF fbo Grandchildren	F1
holding	SHEN	Common Stock						345,000	17 Feb 2022	By Son as TTEE of French Family Trust	F1
holding	SHEN	Common Stock						137,269	17 Feb 2022	TTEE WBF fbo Cynthia	F1
holding	SHEN	Common Stock						339,966	17 Feb 2022	TTEE WBF fbo Anne	F1
holding	SHEN	Common Stock						339,966	17 Feb 2022	TTEE WBF fbo Christopher	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	-4,142	-8.3%	$0.000000	45,986	17 Feb 2022	Common Stock	4,142		Direct	F2, F3
transaction	SHEN	Restricted Stock Unit	Options Exercise	$0	-4,880	-11%	$0.000000	41,106	17 Feb 2022	Common Stock	4,880		Direct	F2, F3
transaction	SHEN	Restricted Stock Unit	Options Exercise	$0	-4,875	-12%	$0.000000	36,231	17 Feb 2022	Common Stock	4,875		Direct	F2, F3
transaction	SHEN	Restricted Stock Unit	Options Exercise	$0	-2,159	-6%	$0.000000	34,072	17 Feb 2022	Common Stock	2,159		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 option vests one-fourth on each the first, second, third and fourth anniversary. The options (and shares issuable upon exercise of the option) are subject to cancellation and forfeiture in accordance with the Company's executive compensation recovery policy.
F4	The option vests 10% in February 2022; and then 30% each in February 2023, February 2024, and February 2025. The options (and shares issuable upon exercise of the option) are subject to cancellation and forfeiture in accordance with the Company's executive compensation recovery policy.