Frank H. Kenan II - Jul 5, 2023 Form 4 Insider Report for BOSTON OMAHA Corp (BOC)

Role: Director
Signature: /s/ Frank H. Kenan, II
Stock symbol: BOC
Transactions as of: Jul 5, 2023
Transactions value $: $30,000
Form type: 4
Date filed: 7/7/2023, 04:02 PM
Previous filing: Jan 5, 2023
Next filing: May 23, 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	Award	$30K	+1.57K	+133.84%	$19.06	2.75K	Jul 5, 2023	Direct	F1
holding	BOC	Class A common stock, par value $0.001 per share						162K	Jul 5, 2023	See footnote	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person was granted 1,574 shares of restricted stock pursuant to the Boston Omaha Corporation 2022 Long-Term Incentive Plan. The shares will vest on the earlier of June 30, 2024 or the day immediately preceding the date of the Boston Omaha Corporation 2024 Annual Meeting of Stockholders and will automatically vest in full on a sale of the company, provided that the Reporting Person remains as a director of Boston Omaha Corporation on such applicable vesting date, subject to certain exemptions.
F2	The reported shares are directly owned by KD Capital, L.P. and a trust under which Frank H. Kenan II is both the trustee and a beneficiary. Frank H. Kenan II is the manager of and owns 100% of KD Capital Management, LLC, which is the general partner of KD Capital, L.P. Mr. Kenan could be deemed to have indirect beneficial ownership of the shares reported herein.

Content

The Reporting Person was granted 1,574 shares of restricted stock pursuant to the Boston Omaha Corporation 2022 Long-Term Incentive Plan. The shares will vest on the earlier of June 30, 2024 or the day immediately preceding the date of the Boston Omaha Corporation 2024 Annual Meeting of Stockholders and will automatically vest in full on a sale of the company, provided that the Reporting Person remains as a director of Boston Omaha Corporation on such applicable vesting date, subject to certain exemptions.

The reported shares are directly owned by KD Capital, L.P. and a trust under which Frank H. Kenan II is both the trustee and a beneficiary. Frank H. Kenan II is the manager of and owns 100% of KD Capital Management, LLC, which is the general partner of KD Capital, L.P. Mr. Kenan could be deemed to have indirect beneficial ownership of the shares reported herein.