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: 2/23/2026ACC: 0000354963-26-000106

InsiderFRENCH CHRISTOPHER ECIK 1120042

→

IssuerSHENANDOAH TELECOMMUNICATIONS CO/VA/CIK 354963

Officer· Executive Chairman

Since Mar 2026

+36.04K

Net shares

Net buyer

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

83.53K acquired · 47.49K disposed

Non-Derivative Transactions1

Common Stock

Direct

M · Option Exercise

+47.49K

Price / share

—

Trade value

—

% of position

10.9%

2/19/2026

436.09K→483.58K

Total

Net shares

+47.49K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	2/19/2026	M · Option Exercise	+47.49K	—	—	10.9%	436.09K	483.58K
Total			+47.49K		$0.00

Derivative Transactions5

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

7.79K shares

−7.79K

Strike price

Held after

126.58K

Exercisable

—

2/19/2026

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

10.96K shares

−10.96K

Strike price

Held after

115.61K

Exercisable

—

2/19/2026

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

10.31K shares

−10.31K

Strike price

Held after

105.30K

Exercisable

—

2/19/2026

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

18.43K shares

−18.43K

Strike price

Held after

86.87K

Exercisable

—

2/19/2026

Restricted Stock Unit

Direct

A · Award

Converts to

Common Stpcl

36.04K shares

+36.04K

Strike price

Held after

122.91K

Exercisable

—

2/19/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Unit Direct	Common Stock7.79K shares	2/19/2026	M · Option Exercise	−7.79K	—	126.58K
Restricted Stock Unit Direct	Common Stock10.96K shares	2/19/2026	M · Option Exercise	−10.96K	—	115.61K
Restricted Stock Unit Direct	Common Stock10.31K shares	2/19/2026	M · Option Exercise	−10.31K	—	105.30K
Restricted Stock Unit Direct	Common Stock18.43K shares	2/19/2026	M · Option Exercise	−18.43K	—	86.87K
Restricted Stock Unit Direct	Common Stpcl36.04K shares	2/19/2026	A · Award	+36.04K	—	122.91K

Non-Derivative Holdings (Post-Transaction)9

Common Stock

Indirect

Shares owned86.48K

Common Stock

Indirect

Shares owned101.64K

Common Stock

Indirect

Shares owned361.50K

Common Stock

Indirect

Shares owned99.54K

Common Stock

Indirect

Shares owned127.64K

Common Stock

Indirect

Shares owned339.97K

Common Stock

Indirect

Shares owned339.97K

Common Stock

Indirect

Shares owned37.80K

Common Stock

Indirect

Shares owned102.86K

Total

1.60M indirect1.60M

Security Title	Shares Owned	Ownership Type
Common Stock	86.48K	Indirect
Common Stock	101.64K	Indirect
Common Stock	361.50K	Indirect
Common Stock	99.54K	Indirect
Common Stock	127.64K	Indirect
Common Stock	339.97K	Indirect
Common Stock	339.97K	Indirect
Common Stock	37.80K	Indirect
Common Stock	102.86K	Indirect
Total	1.60M	1.60M indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported