Victor Christopher Barnes has demonstrated a clear selling bias in his transactions involving Shenandoah Telecommunications Company (SHEN), with $98,547 in total sales compared to just $14,926 in purchases across 27 reported trades. The bulk of his selling activity occurred in three significant dispositions: a $40,001 sale on February 22, 2024, followed by a $19,907 transaction on February 13, 2025, and a $38,640 sale on February 18, 2026. These larger sales were interspersed with smaller, recurring acquisitions—typically around $816 to $1,025 per transaction—likely representing dividend reinvestments or periodic stock awards. The pattern suggests Barnes has been steadily reducing his position in SHEN over the past two years, with no recent purchases offsetting the disposals. The transactions show no activity in other companies, indicating his insider dealings have been exclusively concentrated in Shenandoah Telecommunications. The most recent filing, dated March 2, 2026, reflects another small acquisition worth $817, maintaining the trend of minor buys alongside much larger sales.
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