Labor Impact Fund, L.P. 4
4 · SHENANDOAH TELECOMMUNICATIONS CO/VA/ · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Shenandoah Telecommunications (SHEN) GCM Grosvenor Receives Award 5,376 RSUs
What Happened
- GCM Grosvenor Inc., reported as a director-related reporting person (via its director designee), received an award of 5,376 restricted stock units (RSUs) in Shenandoah Telecommunications Co. on 2026-06-08. The award was reported as an acquisition (A) at $0.00 per unit; each RSU represents a contingent right to one share upon vesting. This is an equity award (not a cash purchase or sale).
Key Details
- Transaction date: 2026-06-08; Form 4 filed: 2026-06-10 (no late filing flag indicated).
- Amount: 5,376 RSUs; reported acquisition price: $0.00 (derivative award).
- Shares owned after transaction: not specified in the provided filing.
- Notable footnotes: the Form 4 is filed jointly by multiple related entities (LIF Vista, Labor Fund, GCM entities and Michael J. Sacks) who disclaim beneficial ownership except for pecuniary interest (F1–F2). Each RSU converts to one common share if/when vested (F3). The award was granted to Matthew Rinklin as the issuer board designee and will be held or transferred for the benefit of LIF Vista/affiliates as directed (F4). A prior grant to a different designee was cancelled earlier in February (F5).
- Filing timeliness: transaction on 6/8 reported on 6/10 — appears timely under Section 16 reporting rules.
Context
- This is an award of derivative securities (RSUs) rather than a market purchase or sale; such grants are routine compensation or director-related awards and do not necessarily signal immediate buying or selling. The filing reflects institutional/affiliate interests and deputized board representation rather than an individual executive’s personal trade.
Insider Transaction Report
Form 4
GCM Grosvenor Inc.
DirectorOther
Transactions
- Award
Restricted Stock Unit
[F1][F3][F5][F4]2026-06-08+5,376→ 5,376 total(indirect: See footnote)From: 2027-02-19Exp: 2027-02-19→ Common Stock (5,376 underlying)
Holdings
- 4,116,050(indirect: By LLC)
Common Stock
[F1][F2]
Footnotes (5)
- [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 Matthew Rinklin in his capacity as a director of the Issuer. Mr. Rinklin 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. Rinklin in his capacity as a director of the Issuer will be held by Mr. Rinklin on behalf of LIF Vista or its affiliates, transferred by Mr. Rinklin to LIF Vista or its affiliates, and/or sold by Mr. Rinklin, 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. Rinklin for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.
- [F5]In connection with the resignation of James DiMola, LIF Vista's prior director designee, from the Board of Directors of the Issuer, the 9,863 restricted stock units previously granted to Mr. DiMola on February 19, 2026, were cancelled for no consideration.