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[Form 4] Shenandoah Telecom Co Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Shenandoah Telecommunications Co. (SHEN) � Form 4 insider filing

Director Kenneth L. Quaglio reported the routine receipt of 45.754 shares of SHEN common stock on 07/01/2025. The shares were issued in lieu of director fees at a stated price of $13.66 per share (footnote 1), increasing Quaglio’s direct holdings to 26,291.0042 shares. No derivative securities were involved and no dispositions occurred. The filing was submitted individually by the director and does not reference any Rule 10b5-1 trading plan.

Given the small share amount (well under 0.1% of outstanding shares) and compensation-related nature of the transaction, the event is considered administrative and immaterial to SHEN’s valuation or governance profile.

Shenandoah Telecommunications Co. (SHEN) � Comunicazione interna Form 4

Il direttore Kenneth L. Quaglio ha segnalato la ricezione ordinaria di 45.754 azioni ordinarie SHEN il 01/07/2025. Le azioni sono state emesse in sostituzione delle commissioni da direttore ad un prezzo dichiarato di 13,66 $ per azione (nota 1), portando la partecipazione diretta di Quaglio a 26.291,0042 azioni. Non sono stati coinvolti strumenti derivati né si sono verificate cessioni. La comunicazione è stata inviata individualmente dal direttore e non fa riferimento a nessun piano di trading secondo la Regola 10b5-1.

Considerata la quantità limitata di azioni (ben al di sotto dello 0,1% delle azioni in circolazione) e la natura legata alla compensazione della transazione, l’evento è considerato amministrativo e irrilevante per la valutazione o il profilo di governance di SHEN.

Shenandoah Telecommunications Co. (SHEN) � Presentación interna Formulario 4

El director Kenneth L. Quaglio reportó la recepción rutinaria de 45.754 acciones comunes de SHEN el 01/07/2025. Las acciones fueron emitidas en lugar de honorarios de director a un precio declarado de $13.66 por acción (nota 1), aumentando la tenencia directa de Quaglio a 26,291.0042 acciones. No se involucraron valores derivados ni se realizaron disposiciones. La presentación fue realizada individualmente por el director y no hace referencia a ningún plan de negociación bajo la Regla 10b5-1.

Dada la pequeña cantidad de acciones (muy por debajo del 0,1% de las acciones en circulación) y la naturaleza relacionada con la compensación de la transacción, el evento se considera administrativo e insignificante para la valoración o perfil de gobernanza de SHEN.

Shenandoah Telecommunications Co. (SHEN) � 내부� 신고� Form 4

이사 Kenneth L. Quaglio� 2025� 7� 1일에 SHEN 보통� 45,754�� 정기적으� 수령했다� 보고했습니다. � 주식들은 이사 수수� 대� 발행되었으며, 명시� 가격은 주당 $13.66였습니�(주석 1). 이로� Quaglio� 직접 보유 주식은 26,291.0042�� 증가했습니다. 파생상품은 포함되지 않았� 처분� 없었습니�. � 신고서는 이사가 개별적으� 제출했으� Rule 10b5-1 거래 계획� 언급하지 않습니다.

발행 주식� 대� 매우 적은 수량(0.1% 미만)이고 보상 관� 거래라는 점에�, � 사건은 SHEN� 가� 평가� 거버넌스 프로필에 관리적이고 실질적이지 않은 사항으로 간주됩니�.

Shenandoah Telecommunications Co. (SHEN) � Déclaration d’initié Formulaire 4

Le directeur Kenneth L. Quaglio a déclaré la réception habituelle de 45 754 actions ordinaires SHEN le 01/07/2025. Les actions ont été émises en lieu et place des honoraires de directeur à un prix indiqué de 13,66 $ par action (note 1), portant la détention directe de Quaglio à 26 291,0042 actions. Aucun instrument dérivé n’a été impliqué et aucune cession n’a eu lieu. La déclaration a été soumise individuellement par le directeur et ne fait pas référence à un plan de négociation selon la règle 10b5-1.

Étant donné le faible nombre d’actions (bien en dessous de 0,1 % des actions en circulation) et la nature liée à la rémunération de la transaction, l’événement est considéré comme administratif et sans impact sur la valorisation ou le profil de gouvernance de SHEN.

Shenandoah Telecommunications Co. (SHEN) � Insider-Meldung Form 4

Direktor Kenneth L. Quaglio meldete den routinemäßigen Erhalt von 45.754 Aktien der SHEN-Stammaktien am 01.07.2025. Die Aktien wurden anstelle von Vergütungen für Direktoren zu einem angegebenen Preis von 13,66 $ pro Aktie ausgegeben (Fußnote 1), wodurch Quaglios Direktbestand auf 26.291,0042 Aktien anstieg. Es waren keine Derivate beteiligt und es fanden keine Veräußerungen statt. Die Meldung wurde vom Direktor persönlich eingereicht und verweist nicht auf einen Handel nach Regel 10b5-1.

Angesichts der geringen Aktienanzahl (deutlich unter 0,1 % der ausstehenden Aktien) und des vergütungsbezogenen Charakters der Transaktion wird das Ereignis als administrativ und unerheblich für die Bewertung oder das Governance-Profil von SHEN eingestuft.

Positive
  • None.
Negative
  • None.

Insights

TL;DR � Routine fee-in-stock grant; negligible impact on SHEN.

Quaglio’s 45.754-share acquisition is a standard board-compensation grant worth roughly $625. His ownership rises to about 26.3 k shares, still a de minimis percentage of SHEN’s roughly 50 m share float. The lack of market purchase or sizable volume means no signaling value regarding future performance. I view the filing as not impactful to equity valuation or liquidity.

Shenandoah Telecommunications Co. (SHEN) � Comunicazione interna Form 4

Il direttore Kenneth L. Quaglio ha segnalato la ricezione ordinaria di 45.754 azioni ordinarie SHEN il 01/07/2025. Le azioni sono state emesse in sostituzione delle commissioni da direttore ad un prezzo dichiarato di 13,66 $ per azione (nota 1), portando la partecipazione diretta di Quaglio a 26.291,0042 azioni. Non sono stati coinvolti strumenti derivati né si sono verificate cessioni. La comunicazione è stata inviata individualmente dal direttore e non fa riferimento a nessun piano di trading secondo la Regola 10b5-1.

Considerata la quantità limitata di azioni (ben al di sotto dello 0,1% delle azioni in circolazione) e la natura legata alla compensazione della transazione, l’evento è considerato amministrativo e irrilevante per la valutazione o il profilo di governance di SHEN.

Shenandoah Telecommunications Co. (SHEN) � Presentación interna Formulario 4

El director Kenneth L. Quaglio reportó la recepción rutinaria de 45.754 acciones comunes de SHEN el 01/07/2025. Las acciones fueron emitidas en lugar de honorarios de director a un precio declarado de $13.66 por acción (nota 1), aumentando la tenencia directa de Quaglio a 26,291.0042 acciones. No se involucraron valores derivados ni se realizaron disposiciones. La presentación fue realizada individualmente por el director y no hace referencia a ningún plan de negociación bajo la Regla 10b5-1.

Dada la pequeña cantidad de acciones (muy por debajo del 0,1% de las acciones en circulación) y la naturaleza relacionada con la compensación de la transacción, el evento se considera administrativo e insignificante para la valoración o perfil de gobernanza de SHEN.

Shenandoah Telecommunications Co. (SHEN) � 내부� 신고� Form 4

이사 Kenneth L. Quaglio� 2025� 7� 1일에 SHEN 보통� 45,754�� 정기적으� 수령했다� 보고했습니다. � 주식들은 이사 수수� 대� 발행되었으며, 명시� 가격은 주당 $13.66였습니�(주석 1). 이로� Quaglio� 직접 보유 주식은 26,291.0042�� 증가했습니다. 파생상품은 포함되지 않았� 처분� 없었습니�. � 신고서는 이사가 개별적으� 제출했으� Rule 10b5-1 거래 계획� 언급하지 않습니다.

발행 주식� 대� 매우 적은 수량(0.1% 미만)이고 보상 관� 거래라는 점에�, � 사건은 SHEN� 가� 평가� 거버넌스 프로필에 관리적이고 실질적이지 않은 사항으로 간주됩니�.

Shenandoah Telecommunications Co. (SHEN) � Déclaration d’initié Formulaire 4

Le directeur Kenneth L. Quaglio a déclaré la réception habituelle de 45 754 actions ordinaires SHEN le 01/07/2025. Les actions ont été émises en lieu et place des honoraires de directeur à un prix indiqué de 13,66 $ par action (note 1), portant la détention directe de Quaglio à 26 291,0042 actions. Aucun instrument dérivé n’a été impliqué et aucune cession n’a eu lieu. La déclaration a été soumise individuellement par le directeur et ne fait pas référence à un plan de négociation selon la règle 10b5-1.

Étant donné le faible nombre d’actions (bien en dessous de 0,1 % des actions en circulation) et la nature liée à la rémunération de la transaction, l’événement est considéré comme administratif et sans impact sur la valorisation ou le profil de gouvernance de SHEN.

Shenandoah Telecommunications Co. (SHEN) � Insider-Meldung Form 4

Direktor Kenneth L. Quaglio meldete den routinemäßigen Erhalt von 45.754 Aktien der SHEN-Stammaktien am 01.07.2025. Die Aktien wurden anstelle von Vergütungen für Direktoren zu einem angegebenen Preis von 13,66 $ pro Aktie ausgegeben (Fußnote 1), wodurch Quaglios Direktbestand auf 26.291,0042 Aktien anstieg. Es waren keine Derivate beteiligt und es fanden keine Veräußerungen statt. Die Meldung wurde vom Direktor persönlich eingereicht und verweist nicht auf einen Handel nach Regel 10b5-1.

Angesichts der geringen Aktienanzahl (deutlich unter 0,1 % der ausstehenden Aktien) und des vergütungsbezogenen Charakters der Transaktion wird das Ereignis als administrativ und unerheblich für die Bewertung oder das Governance-Profil von SHEN eingestuft.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
QUAGLIO KENNETH L

(Last) (First) (Middle)
PO BOX 459

(Street)
EDINBURG VA 22824

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SHENANDOAH TELECOMMUNICATIONS CO/VA/ [ SHEN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/01/2025 A(1) 45.754 A $13.66 26,291.0042 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares received in lieu of director fees.
/s/ Christopher E French Attorney in Fact for Kenneth L Quaglio 07/01/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did SHEN director Kenneth L. Quaglio report on Form 4?

He acquired 45.754 shares of common stock on 07/01/2025, received as payment for director fees.

At what price were the shares recorded in the filing?

The Form 4 lists a price of $13.66 per share for the stock issued.

How many SHEN shares does Quaglio own after the transaction?

Following the grant, Quaglio directly owns 26,291.0042 shares of SHEN common stock.

Was the transaction part of a Rule 10b5-1 trading plan?

No, the filing does not indicate that the acquisition was made under a Rule 10b5-1 plan.

Does this insider purchase materially affect SHEN’s share count?

No. The transaction involves fewer than 50 shares, an amount that is immaterial to SHEN’s total outstanding shares.
Shenandoah Telecommunications

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SHEN Stock Data

769.65M
49.67M
4.46%
67.48%
3.97%
Telecom Services
Telephone Communications (no Radiotelephone)
United States
EDINBURG