Form 4: Boston Omaha Corp CEO Adam Peterson Increases Stake in Company

Adam Peterson, CEO of Boston Omaha Corp, has recently increased his holdings in the company through direct purchases of Class A Common Stock.

Summary

• Adam K. Peterson, the CEO, a director, and a 10% owner of Boston Omaha Corp, has acquired additional shares of Class A Common Stock.
• On June 13, 2024, Peterson purchased 4,552 shares at a price of $13.9 per share.
• On June 14, 2024, he purchased another 8,972 shares at a weighted-average price of $13.84 per share, with individual trades ranging from $13.82 to $13.84.
• Following these transactions, Peterson directly or indirectly beneficially owns 6,756,842 shares of Boston Omaha Corp.
• The reported shares are directly owned by Adam K. 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 may be deemed the beneficial owner of 6,169,811 shares of Common Stock, which includes the shares held by MCF and BOC I.
• 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.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive due to the CEO's increased investment in the company, which is generally perceived as a sign of confidence. However, it's a routine filing, so the impact is limited.

Positives

• The CEO's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Insider buying is often seen as a positive sign, suggesting that those with the most knowledge of the company believe its stock is undervalued.

Stakeholder Impact

• Shareholders may view the CEO's purchase as a positive signal.
• The increased stake could potentially increase confidence in the company's direction.

Key Dates