MCKAY EDWARD H (SR VP-Wireline & Engineering) 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

MCKAY EDWARD H

Filed: 2/23/2026ACC: 0000354963-26-000107

InsiderMCKAY EDWARD HCIK 1494886

→

IssuerSHENANDOAH TELECOMMUNICATIONS CO/VA/CIK 354963

Officer· SR VP-Wireline & Engineering

Since Aug 2018

+57.24K

Net shares

Net buyer

$95.6K

Total sold

Open market trades

0B · 0S

Total transactions

88.59K acquired · 31.35K disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

+24.10K

Price / share

—

Trade value

—

% of position

20.6%

2/19/2026

117.16K→141.26K

Common Stock

Direct

F · Tax Withholding

−7.25K

Price / share

$13.18

Trade value

$95.57K

% of position

5.1%

2/19/2026

141.26K→134.01K

Total

Net shares

+16.85K

Net value

-$95.57K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	2/19/2026	M · Option Exercise	+24.10K	—	—	20.6%	117.16K	141.26K
Common Stock Direct	2/19/2026	F · Tax Withholding	−7.25K	$13.18	$95.57K	5.1%	141.26K	134.01K
Total			+16.85K		-$95.57K

Derivative Transactions5

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

4.03K shares

−4.03K

Strike price

Held after

64.55K

Exercisable

—

2/19/2026

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

5.23K shares

−5.23K

Strike price

Held after

59.31K

Exercisable

—

2/19/2026

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

5.26K shares

−5.26K

Strike price

Held after

54.05K

Exercisable

—

2/19/2026

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

9.58K shares

−9.58K

Strike price

Held after

44.48K

Exercisable

—

2/19/2026

Restricted Stock Unit

Direct

A · Award

Converts to

Common Stock

64.49K shares

+64.49K

Strike price

Held after

108.97K

Exercisable

—

2/19/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Unit Direct	Common Stock4.03K shares	2/19/2026	M · Option Exercise	−4.03K	—	64.55K
Restricted Stock Unit Direct	Common Stock5.23K shares	2/19/2026	M · Option Exercise	−5.23K	—	59.31K
Restricted Stock Unit Direct	Common Stock5.26K shares	2/19/2026	M · Option Exercise	−5.26K	—	54.05K
Restricted Stock Unit Direct	Common Stock9.58K shares	2/19/2026	M · Option Exercise	−9.58K	—	44.48K
Restricted Stock Unit Direct	Common Stock64.49K shares	2/19/2026	A · Award	+64.49K	—	108.97K