French Christopher E Form 4 SHENANDOAH TELECOMMUNICATIONS / CHRISTOPHER E FRENCH ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

FRENCH CHRISTOPHER E

(Last) (First) (Middle)

PO BOX 459

(Street)

EDINBURG VA 22824

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SHENANDOAH TELECOMMUNICATIONS CO/VA/ [ SHEN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
10/09/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/09/2024		A		11,782(1)	A	$0	358,176	D
Common Stock	08/09/2024		J(2)		102,855	D	$0	201,177	I	TTEE U/A WBF fbo Grandchildren(8)
Common Stock	08/09/2024		J(3)		101,640	D	$0	99,537	I	TTEE U/A WBF fbo Grandchildren(8)
Common Stock	08/09/2024		J(4)		99,537	D	$0	0	I	TTEE U/A WBF fbo Grandchildren(8)
Common Stock	08/09/2024		J(5)		102,855	A	$0	102,855	I	TTEE FGCT fbo Rebecca(8)
Common Stock	08/09/2024		J(6)		101,640	A	$0	101,640	I	TTEE FGCT fbo Warren(8)
Common Stock	08/09/2024		J(7)		99,537	A	$0	99,537	I	TTEE FGCT fbo Stuart(8)
Common Stock								86,485	I	By Spouse
Common Stock								37,796	I	By Son
Common Stock								345,000	I	By Son as TTEE of French Family Trust(8)
Common Stock								130,754	I	TTEE WBF fbo Cynthia(8)
Common Stock								339,966	I	TTEE WBF fbo Anne(8)
Common Stock								339,966	I	TTEE WBF fbo Christopher(8)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the vesting of performance-based Restricted Stock Units granted September 21, 2021. Performance for this award was measured based on the Issuer's relative total shareholder return (TSR) compared to the TSR of a group of companies in the NASDAQ Telecom Index with a Market Cap between 100 million and 100 billion, above and below the Issuer's then current Market Cap.

2. The total indirect beneficial ownership reflects a transfer of 102,855 shares from TTEE U/A WBF fbo Grandchildren to the indirect beneficial ownership account TTEE FGCT fbo Rebecca.

3. The total indirect beneficial ownership reflects a transfer of 101,640 shares from TTEE U/A WBF fbo Grandchildren to the indirect beneficial ownership account TTEE FGCT fbo Warren.

4. The total indirect beneficial ownership reflects a transfer of 99,537 shares from TTEE U/A WBF fbo Grandchildren to the indirect beneficial ownership account TTEE FGCT fbo Stuart.

5. Transfer of 102,855 shares from the indirect beneficial ownership account TTEE U/A WBF fbo Grandchildren to indirect beneficial ownership account TTEE FGCT fbo Rebecca.

6. Transfer of 101,640 shares from the indirect beneficial ownership account TTEE U/A WBF fbo Grandchildren to the indirect beneficial ownership account TTEE FGCT fbo Warren.

7. Transfer of 99,537 shares from the indirect beneficial ownership account TTEE U/A WBF fbo Grandchildren to the indirect beneficial ownership account TTEE FGCT fbo Stuart.

8. These shares are held in trust for the benefit of certain relatives of Mr. French. Mr. French disclaims beneficial ownership of the shares as to which he has no pecuniary interest and this filing is not an admission that Mr. French is the beneficial owner of such shares.

	Christopher E French	10/11/2024
	** Signature of Reporting Person	Date
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