Dennis Romps - 17 Feb 2022 Form 4 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role: VP & Chief Accounting Officer
Signature: Raymond B Ostroski Attorney in Fact for Dennis Romps
Issuer symbol: SHEN
Transactions as of: 17 Feb 2022
Net transactions value: -$951
Form type: 4
Filing time: 22 Feb 2022, 06:29:59 UTC
Previous filing: 23 Sep 2021
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	+120		$0.000000	120	17 Feb 2022	Direct
transaction	SHEN	Common Stock	Tax liability	$951	-42	-35%	$22.65	78	17 Feb 2022	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	-120	-9.9%	$0.000000	1,087	17 Feb 2022	Common Stock	120		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 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.