Frank H. Kenan II - 24 Nov 2025 Form 4 Insider Report for BOSTON OMAHA Corp (BOC)

Role: Director
Signature: /s/ Frank H. Kenan, II
Issuer symbol: BOC
Transactions as of: 24 Nov 2025
Net transactions value: +$60,000
Form type: 4
Filing time: 26 Nov 2025, 16:02:13 UTC
Previous filing: 24 Sep 2024
Next filing: 30 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Kenan Frank H. II	Director	C/O BOSTON OMAHA CORPORATION, 1601 DODGE STREET, SUITE 3300, OMAHA	/s/ Frank H. Kenan, II	26 Nov 2025	0001710114

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	$60,000	+4,894	+103%	$12.26	9,644	24 Nov 2025	Direct	F1
holding	BOC	Class A common stock, par value $0.001 per share						197,804	24 Nov 2025	See footnote	F2
holding	BOC	Class A common stock, par value $0.001 per share						103,390	24 Nov 2025	See footnote	F3

* 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 4,894 shares of Class A common stock pursuant to the Boston Omaha Corporation 2022 Long-Term Incentive Plan for services as a member of the Board of Directors. The shares were issued later in the year than director option grants are typically issued and, as a result, the shares are fully vested.
F2	The reported shares are directly owned by KD Capital, L.P. 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.
F3	The reported shares are directly owned by a trust under which Frank H. Kenan II is both the trustee and a beneficiary. Mr. Kenan could be deemed to have indirect beneficial ownership of the shares reported herein.