FRENCH CHRISTOPHER E 4

What Happened Christopher E. French, Executive Chairman of Shenandoah Telecommunications Co. (SHEN), received 25,571 shares on Feb 2, 2026 as the vesting of performance-based restricted stock units (RSUs). The Form 4 reports an acquisition price of $0.00 (typical for vested awards); the filing lists the aggregate acquisition value as $0. These were not an open-market purchase or sale but the settlement of previously granted performance RSUs.

Key Details

• Transaction date: 2026-02-02; Filing date: 2026-02-05.
• Transaction type: Award/Grant settlement (code A) — 25,571 shares acquired at $0.00.
• Shares owned after the transaction: not specified in the filing.
• Footnotes:
  • F1: These shares represent vesting of performance-based RSUs granted Feb 22, 2023; performance was measured by the issuer’s relative total shareholder return versus a peer group in the NASDAQ Telecom Index (market cap band noted).
  • F2: Some shares are held in trust for certain relatives of Mr. French; he disclaims beneficial ownership of shares in which he has no pecuniary interest and this filing is not an admission of beneficial ownership.
• Timeliness: Filed three calendar days after the reported transaction date. Form 4s are generally due within two business days, so timeliness may depend on business-day/holiday counting.

Context Vesting of performance RSUs is a non-cash award that reflects prior compensation grants and performance metrics; it is not a purchase or sale and does not necessarily indicate a near-term trading intent. The trust/beneficial-ownership note means some or all of these shares may be held for relatives and potentially not directly attributable to Mr. French for investment-sentiment interpretation.