FRENCH CHRISTOPHER E (Executive Chairman) exercised options at SHENANDOAH TELECOMMUNICATIONS CO/VA/

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

FRENCH CHRISTOPHER E

Filed: 2/24/2025ACC: 0000354963-25-000102

InsiderFRENCH CHRISTOPHER ECIK 1120042

→

IssuerSHENANDOAH TELECOMMUNICATIONS CO/VA/CIK 354963

Officer· Executive Chairman

Since Mar 2026

0.00

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

35.54K acquired · 35.54K disposed

Non-Derivative Transactions1

Common Stock

Direct

M · Option Exercise

+35.54K

Price / share

—

Trade value

—

% of position

9.9%

2/20/2025

358.18K→393.72K

Total

Net shares

+35.54K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	2/20/2025	M · Option Exercise	+35.54K	—	—	9.9%	358.18K	393.72K
Total			+35.54K		$0.00

Derivative Transactions4

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

6.48K shares

−6.48K

Strike price

Held after

163.42K

Exercisable

—

2/20/2025

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

7.79K shares

−7.79K

Strike price

Held after

155.64K

Exercisable

—

2/20/2025

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

10.96K shares

−10.96K

Strike price

Held after

144.68K

Exercisable

—

2/20/2025

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

10.31K shares

−10.31K

Strike price

Held after

134.36K

Exercisable

—

2/20/2025

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Unit Direct	Common Stock6.48K shares	2/20/2025	M · Option Exercise	−6.48K	—	163.42K
Restricted Stock Unit Direct	Common Stock7.79K shares	2/20/2025	M · Option Exercise	−7.79K	—	155.64K
Restricted Stock Unit Direct	Common Stock10.96K shares	2/20/2025	M · Option Exercise	−10.96K	—	144.68K
Restricted Stock Unit Direct	Common Stock10.31K shares	2/20/2025	M · Option Exercise	−10.31K	—	134.36K

Non-Derivative Holdings (Post-Transaction)9

Common Stock

Indirect

Shares owned101.64K

Common Stock

Indirect

Shares owned37.80K

Common Stock

Indirect

Shares owned99.54K

Common Stock

Indirect

Shares owned339.97K

Common Stock

Indirect

Shares owned345K

Common Stock

Indirect

Shares owned339.97K

Common Stock

Indirect

Shares owned86.48K

Common Stock

Indirect

Shares owned130.75K

Common Stock

Indirect

Shares owned102.86K

Total

1.58M indirect1.58M

Security Title	Shares Owned	Ownership Type
Common Stock	101.64K	Indirect
Common Stock	37.80K	Indirect
Common Stock	99.54K	Indirect
Common Stock	339.97K	Indirect
Common Stock	345K	Indirect
Common Stock	339.97K	Indirect
Common Stock	86.48K	Indirect
Common Stock	130.75K	Indirect
Common Stock	102.86K	Indirect
Total	1.58M	1.58M indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported