SCHEDULE: Boston Omaha Sells Sky Harbour Shares, Stake Reduced
Schedule 13D Amendment
Boston Omaha Corporation has amended its Schedule 13D filing to report the sale of 534,124 shares of Sky Harbour Group Corp. Class A common stock between April 25, 2025, and April 6, 2026.
Summary
- Boston Omaha Corporation (Reporting Person) has filed an amendment to its Schedule 13D regarding its holdings in Sky Harbour Group Corp.
- The amendment details the sale of 534,124 shares of Sky Harbour's Class A common stock between April 25, 2025, and April 6, 2026.
- These sales generated gross proceeds of $5,205,072.59, with individual sale prices ranging from $9.05 to $11.99 per share.
- Following these transactions, Boston Omaha's beneficial ownership of Sky Harbour's Class A common stock decreased to 19,059,773 shares, which includes 7,719,779 warrant shares.
- This holding represents 45.56% of the outstanding Class A Stock and 22.72% of the combined voting Common Stock.
- The filing also lists the officers and directors of Boston Omaha Corporation, with their principal occupations and citizenships.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, primarily reporting past stock sales and current ownership levels without indicating significant positive or negative developments for either company.
Positives
- Boston Omaha Corporation successfully sold a significant number of shares, generating over $5.2 million in gross proceeds.
- The sales were conducted under an effective registration statement and Rule 144, indicating compliance with securities regulations.
- Boston Omaha retains a substantial stake in Sky Harbour Group Corp., holding 19,059,773 shares, representing 45.56% of Class A Stock.
Negatives
- Boston Omaha's beneficial ownership percentage in Sky Harbour Group Corp. has decreased.
- The average sale price for the shares sold on April 6, 2026, was $9.05, which is at the lower end of the reported sale price range.
Risks
- The filing does not explicitly mention any new risks or challenges related to Sky Harbour Group Corp. or Boston Omaha Corporation's investment.
- Potential future sales by Boston Omaha could further dilute its ownership percentage and influence.
Future Outlook
The filing primarily reports past transactions and current ownership levels. It does not contain specific forward-looking statements or guidance regarding future stock performance or strategic plans for Sky Harbour Group Corp. or Boston Omaha Corporation's future actions concerning this investment.
Management Comments
- All investment and voting decisions for the Class A Stock held by the Reporting Person are made by the Reporting Person based on the consent of its investment committee, comprised of Mr. Adam K. Peterson and Mr. Joshua P. Weisenburger, each of whom expressly disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary indirect interest he may have therein as a stockholder of the Reporting Person.
- Boston Omaha Corporation, a Delaware corporation (the "Reporting Person").
Industry Context
StockSavvy.ai notes that this filing represents a routine Schedule 13D amendment, indicating a change in a significant shareholder's stake. Such filings are common in the investment and financial services sectors, reflecting active portfolio management and potential shifts in strategic investment theses.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chairperson, President and Chief Executive Officer | N/A | Adam K. Peterson | N/A | N/A |
| Chief Financial Officer, Secretary, and Treasurer | N/A | Joshua P. Weisenburger | N/A | N/A |
| Director | N/A | Tom Burt | N/A | N/A |
| Director | N/A | David S. Graff | N/A | N/A |
| Director | N/A | Brendan J. Keating | N/A | N/A |
| Director | N/A | Frank H. Kenan II | N/A | N/A |
| Director | N/A | Jeffrey C. Royal | N/A | N/A |
| Director | N/A | Vishnu Srinivasan | N/A | N/A |
Stakeholder Impact
- Shareholders of Sky Harbour Group Corp.: The sale of shares by a significant holder may influence market perception and potentially impact share price, though Boston Omaha retains a controlling stake.
- Shareholders of Boston Omaha Corporation: The sale of shares generates proceeds that can be reinvested or used for other corporate purposes, potentially impacting the company's financial flexibility.
- Creditors of Boston Omaha Corporation: The generation of cash from asset sales could positively impact the company's liquidity position.
Next Steps
- Boston Omaha Corporation will continue to report any further changes in its beneficial ownership of Sky Harbour Group Corp. securities as required by SEC regulations.
- The company's investment committee, comprising Adam K. Peterson and Joshua P. Weisenburger, will continue to make investment and voting decisions for the remaining shares.
Key Dates
| Date | Description |
|---|---|
| 03/12/2026 | Date as of which outstanding shares of Class A Stock and Class B Stock were reported by Sky Harbour Group Corp. in its Annual Report on Form 10-K. |
| 03/19/2026 | Date Sky Harbour Group Corp.'s Annual Report on Form 10-K was filed with the SEC. |
| 04/06/2026 | Date of Event Which Requires Filing of This Statement (Amendment No. 5 filing date). |
| 04/06/2026 | Date of sale of 331,500 shares of Class A Stock by Boston Omaha Corporation. |
| 04/08/2026 | Date of signature for the Schedule 13D filing by Adam K. Peterson. |
| 04/25/2025 | Start date of the period during which Boston Omaha Corporation sold shares of Class A Stock. |
| 04/28/2025 | Date of filing of Amendment No. 4 to Schedule 13D. |
| 05/21/2024 | Date of filing of Amendment No. 1 to Schedule 13D. |
| 05/31/2024 | Date of filing of Amendment No. 2 to Schedule 13D. |
| 02/14/2025 | Date of filing of Amendment No. 3 to Schedule 13D. |
| 02/04/2022 | Date of original Schedule 13D filing. |
Keywords
Schedule 13D, Boston Omaha Corporation, Sky Harbour Group Corp, Class A common stock, beneficial ownership, stock sale, warrants, SEC filing, Amendment No. 5, officers and directors
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