SCHEDULE 13D/A: Boston Omaha Corporation Reduces Significant Stake in Sky Harbour Group Corp, Sells Over $4 Million in Shares

Boston Omaha Corporation has filed an Amendment No. 4 to its Schedule 13D, disclosing the sale of 348,691 shares of Sky Harbour Group Corp's Class A common stock for total proceeds of over $4 million, reducing its beneficial ownership to 47.18%.

Summary

• Boston Omaha Corporation (the "Reporting Person") filed Amendment No. 4 to its Schedule 13D regarding its holdings in Sky Harbour Group Corp (the "Issuer").
• The amendment reports the sale of an aggregate of 348,691 shares of Sky Harbour Group Corp's Class A common stock by the Reporting Person.
• These sales occurred between February 13, 2025, and April 24, 2025, at prices ranging from $11.06 to $13.29 per share.
• Total proceeds from these sales amounted to $4,042,659 for Boston Omaha Corporation.
• As a consequence of these sales, Boston Omaha Corporation's beneficial ownership in Sky Harbour Group Corp decreased to 19,593,897 shares.
• This current beneficial ownership comprises 11,874,118 shares of Class A Stock and 7,719,779 Warrant Shares.
• The beneficial ownership represents 47.18% of the outstanding Class A common stock and 23.28% of the combined voting Class A and Class B common stock.
• The percentages are calculated based on Sky Harbour Group Corp's 33,814,356 outstanding Class A shares and 42,046,356 outstanding Class B shares as of April 22, 2025.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of a share sale by a major investor. It is neutral in tone and does not convey explicit positive or negative sentiment regarding the issuer's performance, but rather a change in the reporting person's investment position.

Positives

• Boston Omaha Corporation generated $4,042,659 in proceeds from the sale of Class A Stock, enhancing its liquidity or enabling other investment opportunities.

Negatives

• Boston Omaha Corporation's beneficial ownership in Sky Harbour Group Corp decreased by 348,691 shares, reducing its overall stake and potential influence.

Risks

• No specific new risks are detailed in this amendment beyond the change in ownership structure of a significant shareholder.

Future Outlook

The document does not provide specific forward-looking statements or guidance regarding future operations or financial performance of either Boston Omaha Corporation or Sky Harbour Group Corp, beyond the disclosure of past share sales.

Management Comments

• The filing includes a signature by Adam K. Peterson, President and Chief Executive Officer of Boston Omaha Corporation, certifying the truthfulness and completeness of the statement.

Industry Context

This filing is a routine disclosure of a change in beneficial ownership by a significant shareholder, Boston Omaha Corporation, in Sky Harbour Group Corp. It reflects a portfolio management decision by Boston Omaha Corporation rather than a direct operational update for Sky Harbour Group Corp. The aviation infrastructure sector, where Sky Harbour operates, continues to see investment, and such stake adjustments by large investors are part of normal market dynamics.

Stakeholder Impact

• Shareholders of Sky Harbour Group Corp: The reduction in Boston Omaha Corporation's stake could be interpreted differently by investors; some might see it as a large holder reducing exposure, while others might view it as a strategic portfolio adjustment. It changes the ownership structure and potentially the influence of a major shareholder.

Next Steps

• The document does not explicitly state future actions or milestones for either the Reporting Person or the Issuer, beyond the ongoing regulatory compliance for beneficial ownership disclosures.

Key Dates

Keywords

Boston Omaha Corporation, Sky Harbour Group Corp, Schedule 13D/A, Class A common stock, share sale, beneficial ownership, SEC filing, investment, equity stake, warrants