Form 4: Boston Omaha Corp. Executive Adam Peterson Exercises Warrants, Maintains Significant Ownership

Adam Peterson, CEO of Boston Omaha Corp., exercised Class B warrants, acquiring shares at $8 and $10, while maintaining significant beneficial ownership through various entities.

Summary

• Adam Peterson, the CEO of Boston Omaha Corp., has exercised Class B warrants.
• The warrants were exercised on January 10, 2025, resulting in the acquisition of 1,262 shares at $8 each and 51,516 shares at $10 each.
• These transactions were executed by Magnolia Capital Fund (MCF).
• Following the exercise of the warrants, MCF no longer holds any BOC warrants.
• Adam Peterson's total beneficial ownership is reported as 6,756,842 shares, including shares held directly, through minor children's accounts, and through entities like MCF and Magnolia BOC I, LP (BOC I).
• Magnolia Group, LLC (TMG) is the general partner and investment manager of MCF and BOC I, and Mr. Peterson is the managing member of TMG.
• TMG may be deemed the beneficial owner of 6,169,811 shares, which includes the shares held by MCF and BOC I.
• BOC I may be deemed the beneficial owner of 5,589,253 shares of Common Stock.
• MCF may be the beneficial owner of 580,558 shares of Class B Common Stock.
• The filing clarifies that previous Form 4 filings counted warrants as if they were exercised, so the share counts are not changed by these transactions.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction by a key executive, indicating confidence in the company. The sentiment is neutral to slightly positive due to the exercise of warrants.

Positives

• The exercise of warrants demonstrates confidence by the CEO in the company's prospects.
• Adam Peterson maintains a significant ownership stake in the company.

Risks

• The document does not explicitly mention any risks.

Management Comments

• Adam Peterson disclaims beneficial ownership with respect to the shares held by MCF and BOC I except to the extent of their respective pecuniary interests therein.

Industry Context

This filing is a routine disclosure of insider transactions, which is common in publicly traded companies. It provides transparency regarding the ownership structure and changes in holdings by key executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The level of detail provided in this filing is consistent with SEC requirements for reporting changes in beneficial ownership.
• The reporting of indirect ownership through various entities is also a common practice among executives and major shareholders.

Stakeholder Impact

• The transaction does not have a significant impact on stakeholders, as it is a routine exercise of warrants by a key executive.
• The filing provides transparency to shareholders regarding the ownership structure.

Key Dates

Keywords

warrants, beneficial ownership, Adam Peterson, Boston Omaha Corp, Class B Common Stock, Magnolia Capital Fund, Magnolia Group LLC, Magnolia BOC I, LP, executive, shareholding