Labor Impact Fund, L.P. 4
4 · SHENANDOAH TELECOMMUNICATIONS CO/VA/ · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Shenandoah (SHEN) Director Designee James DiMola Receives 9,863 RSUs
What Happened
James DiMola, serving as the director designee for LIF Vista on Shenandoah Telecommunications Co.'s board, was awarded 9,863 restricted stock units (RSUs) reported by GCM Grosvenor affiliates on a Form 4. The award is recorded as an acquisition (code A) at $0.00 per unit; each RSU represents a contingent right to one share of common stock.
Key Details
- Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (timely filing).
- Amount: 9,863 RSUs; reported acquisition price: $0.00 (award/derivative).
- Shares owned after transaction: not specified in this filing.
- Footnotes: F3 confirms each RSU converts to one share if vested; F4 explains the RSUs were awarded to DiMola in his capacity as a director designee and will be held, transferred to, or sold for the benefit of LIF Vista or its affiliates as directed. F1–F2 list multiple reporting entities (GCM/Grosvenor affiliates) that disclaim direct beneficial ownership except for pecuniary interest.
- Transaction code: A = Award/Grant (derivative).
- Filing timeliness: Filed within the Form 4 deadline (not reported late).
Context
This is an equity award to a board designee tied to an institutional holder (LIF Vista/GCM Grosvenor affiliates), not an open-market purchase or sale by an individual insider. RSU awards are compensation/equity-based grants and do not necessarily signal immediate buying or selling intent; per the filing, DiMola will hold or transfer these RSUs on behalf of LIF Vista as directed.
Insider Transaction Report
Form 4
GCM Grosvenor Inc.
DirectorOther
Transactions
- Award
Restricted Stock Unit
[F1][F3][F4]2026-02-19−9,863→ 9,863 total(indirect: See footnote)From: 2027-02-19Exp: 2027-02-19→ Common Stock (9,863 underlying)
Holdings
- 4,116,050(indirect: By LLC)
Common Stock
[F1][F2]
Footnotes (4)
- [F1]This Form 4 is filed jointly by LIF Vista, LLC ("LIF Vista"), Labor Impact Fund, L.P. ("Labor Fund"), LIF AIV 1, L.P. ("LIF AIV"), GCM Investments GP, LLC ("GCM GP"), Grosvenor Capital Management Holdings, LLLP ("Grosvenor Capital Holdings"), GCM Grosvenor Holdings, LLC ("GCM Holdings"), GCM Grosvenor Inc. ("GCM Grosvenor"), GCM V, LLC ("GCM V") and Michael J. Sacks (collectively, the "Reporting Persons"). Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F2]Securities owned directly by LIF Vista. Labor Fund and LIF AIV, as the owners of all the outstanding membership interests of LIF Vista, may be deemed to beneficially own such securities. GCM GP, as the managing member of LIF Vista and the general partner of each of Labor Fund and LIF AIV, may be deemed to beneficially own such securities. Grosvenor Capital Holdings, as the sole member of GCM GP, may be deemed to beneficially own such securities. GCM Holdings, as the general partner of Grosvenor Capital Holdings, may be deemed to beneficially own such securities. GCM Grosvenor, as the sole member of GCM Holdings, may be deemed to beneficially own such securities. GCM V, as a shareholder of GCM Grosvenor, may be deemed to beneficially own such securities. Mr. Sacks, as the manager of GCM V, may be deemed to beneficially own such securities.
- [F3]Each restricted stock unit represents a contingent right to receive one share of common stock.
- [F4]Represents securities awarded to James DiMola in his capacity as a director of the Issuer. Mr. DiMola currently serves as LIF Vista's director designee on the Board of Directors of the Issuer. In connection with this arrangement, any equity-based securities awarded to Mr. DiMola in his capacity as a director of the Issuer will be held by Mr. DiMola on behalf of LIF Vista or its affiliates, transferred by Mr. DiMola to LIF Vista or its affiliates, and/or sold by Mr. DiMola, with the proceeds of such sale to be remitted to LIF Vista or its affiliates, in each case as directed by LIF Vista. Accordingly, LIF Vista and the other Reporting Persons may be deemed to have a pecuniary interest in these securities when awarded to Mr. DiMola for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.