Adam K. Peterson - Jun 5, 2024 Form 4 Insider Report for BOSTON OMAHA Corp (BOC)

Signature
/s/ Adam K. Peterson on behalf of Magnolia BOC I, LP, by its General Partner, The Magnolia Group LLC
Stock symbol
BOC
Transactions as of
Jun 5, 2024
Transactions value $
$607,849
Form type
4
Date filed
6/7/2024, 06:15 PM
Previous filing
Apr 15, 2024
Next filing
Jun 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOC Class A Common Stock, par value $0.001 per share Purchase $364K +25.3K +0.38% $14.37 6.72M Jun 5, 2024 Direct F1, F2, F3, F4, F6, F7
transaction BOC Class A Common Stock, par value $0.001 per share Purchase $244K +17.6K +0.26% $13.88 6.74M Jun 6, 2024 Direct F1, F2, F3, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares are directly owned by Adam K. Peterson ("Mr. Peterson"), Mr. Peterson's Minor Children, Magnolia Capital Fund ("MCF"), and Magnolia BOC I, LP ("BOC I"). The Magnolia Group, LLC ("TMG") is the general partner and investment manager of MCF and BOC I. Mr. Peterson is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein for those reporting persons.
F2 TMG and Mr. Peterson disclaim beneficial ownership with respect to the shares held by MCF and BOC I except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.
F3 Mr. Peterson serves as a 10% Owner and Director of the Issuer, and as the Chief Executive Officer of the Issuer.
F4 This transaction was executed in multiple trades at prices ranging from $14.21 to $14.40. The price reported above reflects the weighted-average sale price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F5 This transaction was executed in multiple trades at prices ranging from $13.49 to $13.95. The price reported above reflects the weighted-average sale price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F6 MCF may be the beneficial owner of 580,558 shares of Common Stock that it holds (comprised of 527,780 shares of Class B Common Stock, 51,516 $10 Warrants to purchase Common Stock, and 1,262 $8 Warrants to purchase Common Stock). BOC I may be deemed the beneficial owner of 5,589,253 shares of Common Stock that it holds. TMG may be deemed the beneficial owner of 6,169,811 shares of Common Stock, which includes the shares held by MCF and BOC I. Adam Peterson may be deemed the beneficial owner of 6,735,818 shares of Common Stock including the 566,007 shares of Common Stock that he holds directly or indirectly through Mr. Peterson's minor children's account, and the shares held by MCF and BOC I.
F7 The purchase of shares being reported on this Form 4 were purchased by Adam Peterson directly for his personal account. No shares were purchased by the other Reporting Persons.