Shenandoah Telecommunications SHEN Insider Ownership

NASDAQ SHEN

$9.76 -0.38 (-3.75%)

At close: Oct 21, 2026 · 4:00 PM EDT

Insider Holdings by Owner

7.93Mn Shares

Insider Ownership Statistics

as of 30 Sep, 2026

Insider Ownership

10.67%

▲+0.013% pp QoQ

Shares Held by Insiders

5.95Mn

filed for Sep 2026

▲+0.12% QoQ

Shares Outstanding

55.78Mn

55,779,000 shares

Direct Holdings

1.22Mn

Indirect: 4.73Mn

Net Shares Traded (QoQ)

+7.14K

net buying in Sep 2026

Insiders Holding Shares

with Form 4 holdings on file

Shares Owned by Insiders

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Shares Purchased/Sold by Insiders

Bought Sold

Latest quarter —

Net over range —

Buying quarters —

Insider Ownership Summary

Updated Oct 10, 2026

Over the past year, SHEN insiders bought $74,280 of stock (6.28K shares) on the open market and sold none.

By number of insiders, Shenandoah Telecommunications saw 2 insiders buy on the open market over the past 12 months and none sell.
Among Shenandoah Telecommunications' insiders, James J. Volk (SVP Finance & CFO) was the largest open-market buyer over the past 12 months, purchasing $50,000 of stock (4.28K shares), most recently on July 31, 2026.
In transactions other than open-market trades, Shenandoah Telecommunications insiders received 113.53K shares in stock awards, acquired 175K shares through option exercises and conversions and gave up 47.26K shares to cover taxes or exercise prices over the past 12 months.
Business Quant data puts insider holdings in SHEN at 5.95Mn shares across insiders' latest Form 4 filings, up 0.13% from 5.94Mn shares at the end of Q2 2026 and up 5.53% from 5.64Mn shares at the end of Q3 2025.
Indirect holdings, through trusts, partnerships, family members and other entities, make up 79.48% (4.73Mn shares) of Shenandoah Telecommunications' insider total, with the other 20.52% (1.22Mn shares) held directly.
Per Business Quant, 22 insiders of SHEN hold shares, counting officers, directors and 10% owners who have filed a Form 4 in the past two years.
SHEN's three largest insider shareholders, per their latest Form 4 filings, are Ecp Fiber Holdings GP, LLC (10% owner, 3.46Mn shares), Christopher E. French (Executive Chairman, 1.74Mn shares) and Edward H. McKay (President & CEO, 136.01K shares).
The largest insider, Ecp Fiber Holdings GP, LLC, holds 58.11% of SHEN's insider total.
Institutions owned 71.10% of SHEN shares as of Q2 2026; insiders' latest Form 4 filings account for about 10.67%, leaving roughly 18.23% with other investors, including the public.
In the past year, 22 insiders of Shenandoah Telecommunications submitted 125 Form 4 filings reporting trades, awards or other transactions.
Insider figures for SHEN include Form 4 filings through October 2, 2026.

Form 4 Holdings

Insiders Holding SHEN

Insiders 25

Shares held 7.93Mn

Of outstanding 14.21%

#	Insider	Position	Direct	Indirect	Total	Share of Insiders	Last Filed
1	Controlco, Llc Ecp	TenPercentOwner	0	3,457,105	3,457,105	43.6%	12 Sep, 2025
2	Fiber Holdings Gp, Llc Ecp	TenPercentOwner	0	3,457,105	3,457,105	43.6%	12 Sep, 2025
3	Edward H Mckay	President Ceo	136,007	0	136,007	1.7%	03 Aug, 2026
4	Christopher E French	Executive Chairman	0	125,387	125,387	1.6%	02 Mar, 2026
5	Richard L Jr Koontz	Director	115,925	0	115,925	1.5%	02 Oct, 2026
6	Tracy Fitzsimmons	Director	95,319	0	95,319	1.2%	22 Apr, 2026
7	James J Volk	Svp Finance Cfo	92,671	0	92,671	1.2%	03 Aug, 2026
8	W Flora John	Director	66,060	0	66,060	0.8%	22 Apr, 2026
9	Thomas Beckett	Director	61,906	0	61,906	0.8%	02 Oct, 2026
10	Richard W Jr Mason	Svp Engineering Operations	54,939	0	54,939	0.7%	23 Feb, 2026
11	Kenneth L Quaglio	Director	50,882	0	50,882	0.6%	02 Oct, 2026
12	Elaine Cheng	Svp Chief Info Officer	38,523	0	38,523	0.5%	23 Feb, 2026
13	Leigh Ann Schultz	Director	34,472	0	34,472	0.4%	02 Oct, 2026
14	Victor Christopher Barnes	Director	29,631	0	29,631	0.4%	02 Oct, 2026
15	Heather K Tormey	Vp Chief Hro	25,536	0	25,536	0.3%	23 Feb, 2026
16	Dara Leslie	Svp Sales Marketing	16,002	0	16,002	0.2%	23 Feb, 2026
17	Capital Partners Management, Lp Energy	Other	15,675	0	15,675	0.2%	20 Feb, 2026
18	Michael Anthony Rhymes	Director	12,001	0	12,001	0.2%	02 Oct, 2026
19	Grosvenor Inc. Gcm	Director, Other	0	10,924	10,924	0.1%	19 Feb, 2026
20	Raymond B Ostroski	Vp Legal General Counsel	10,194	0	10,194	0.1%	22 Feb, 2022
21	Glenn E Jr Lytle	Svp Commercial Sales	8,956	0	8,956	0.1%	23 Feb, 2026
22	Derek Rieger	Vp Legal/Gen Counsel Sec	8,098	0	8,098	0.1%	24 Feb, 2025
23	Dennis Romps	Vp Chief Accounting Officer	3,040	0	3,040	0.0%	19 Feb, 2024
24	Tracy Willis	Vp Chief Accounting Officer	1,638	0	1,638	0.0%	23 Feb, 2026
25	Angela M Olsen	Vp Legal/Gen Counsel Sec	809	0	809	0.0%	23 Feb, 2026

Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.

Form 4 Filings

3,658 Insider Transactions

Source SEC Form 4

Latest quarter Sep 2026

Date	Insider	Position	Transaction	Shares	Price	Value	Shares Held After	Ownership
01 Oct, 2026	Thomas Beckett	Director	Acquired A	36	$11.22	$400	31,004	Direct
01 Oct, 2026	Richard L Jr Koontz	Director	Acquired A	45	$11.22	$500	71,898	Direct
01 Oct, 2026	Leigh Ann Schultz	Director	Acquired A	59	$11.22	$667	34,472	Direct
01 Oct, 2026	Victor Christopher Barnes	Director	Acquired A	73	$11.22	$817	24,803	Direct
01 Oct, 2026	Michael Anthony Rhymes	Director	Acquired A	45	$11.22	$500	12,001	Direct
01 Oct, 2026	Kenneth L Quaglio	Director	Acquired A	89	$11.22	$1.00K	34,968	Direct
02 Sep, 2026	Leigh Ann Schultz	Director	Acquired A	54	$12.37	$667	34,412	Direct
02 Sep, 2026	Michael Anthony Rhymes	Director	Acquired A	40	$12.37	$500	11,957	Direct
02 Sep, 2026	Victor Christopher Barnes	Director	Acquired A	66	$12.37	$817	24,730	Direct
02 Sep, 2026	Kenneth L Quaglio	Director	Acquired A	81	$12.37	$1,000	34,879	Direct
02 Sep, 2026	Richard L Jr Koontz	Director	Acquired A	40	$12.37	$500	71,854	Direct
02 Sep, 2026	Thomas Beckett	Director	Acquired A	32	$12.37	$400	30,968	Direct
03 Aug, 2026	Richard L Jr Koontz	Director	Acquired A	42	$11.99	$500	71,813	Direct
03 Aug, 2026	Thomas Beckett	Director	Acquired A	33	$11.99	$400	30,936	Direct
03 Aug, 2026	Leigh Ann Schultz	Director	Acquired A	56	$11.99	$667	34,358	Direct
03 Aug, 2026	Victor Christopher Barnes	Director	Acquired A	68	$11.99	$817	24,664	Direct
03 Aug, 2026	Michael Anthony Rhymes	Director	Acquired A	42	$11.99	$500	11,916	Direct
03 Aug, 2026	Kenneth L Quaglio	Director	Acquired A	83	$11.99	$1,000	34,798	Direct
31 Jul, 2026	James J Volk	Svp Finance Cfo	Acquired P	4,186	$11.67	$48.85K	92,574	Direct
31 Jul, 2026	Edward H Mckay	President Ceo	Acquired P	2,000	$12.14	$24.28K	136,007	Direct

Showing 1 to 20 of 3,658 transactions