Adam K. Peterson - 10 Jan 2025 Form 4 Insider Report for BOSTON OMAHA Corp (BOC)

Reporting relationship: Chief Executive Officer, Director, 10%+ Owner
Issuer ticker: BOC
Reported as of: 10 Jan 2025
Net transaction value: +$525,256
SEC form: 4
Accepted by SEC: 14 Jan 2025, 19:58:51 UTC
Prior SEC filing: 02 Jan 2025
Next SEC filing: 10 Jun 2025
Source filing: View source filing
Reporting owner signature: /s/ Adam K. Peterson on behalf of Magnolia BOC I, LP, by its General Partner, The Magnolia Group LLC

Key filing fact

Adam K. Peterson filed Form 4 for BOSTON OMAHA Corp (BOC) on 14 Jan 2025.

Key facts

This page summarizes Adam K. Peterson's Form 4 filing for BOSTON OMAHA Corp (BOC).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 14 Jan 2025, 19:58.

Change

Previous filing in this sequence was filed on 02 Jan 2025.
Current net transaction value: +$525,256.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BOC transaction

Class B Common Stock

Options Exercise

Transaction value: $10,096
Shares: +1,262
Change %: +0.02%
Price: $8.00
Shares after: 6,756,842
Date: 10 Jan 2025
Ownership: Direct
Footnotes: F1, F2, F3, F4, F5

BOC transaction

Class B Common Stock

Options Exercise

Transaction value: $515,160
Shares: +51,516
Change %: +0.77%
Price: $10.00
Shares after: 6,756,842
Date: 10 Jan 2025
Ownership: Direct
Footnotes: F1, F2, F3, F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote 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.

Footnote F3

Mr. Peterson is a 10% Owner of the Issuer and serves as a Director and the Chief Executive Officer of the Issuer.

Footnote F4

In exercising the Class B warrants, MCF purchased 1,262 shares for $10,096 at a price of $8.00 and 51,516 shares for $515,160 at a price of $10.00. After this transaction, MCF no longer holds any BOC warrants.

Footnote F5

MCF may be the beneficial owner of 580,558 shares of Class B 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 6,756,842 shares of Common Stock, including the 587,031 shares of Common Stock that holds directly or indirectly through Mr. Peterson's minor children's accounts, and the shares held by MCF and BOC I. In prior Form 4 filings, the warrants were counted as if they were exercised, therefore share counts are not changed by these transactions.