Kenan Frank H. II 4

What Happened

• Frank H. Kenan II, a director of Boston Omaha Corp. (BOC), made open‑market purchases (code P) totaling 50,752 shares across three trading days. Purchases were: 34,719 shares on May 28, 2026 ($464,183), 10,000 shares on May 29, 2026 ($129,302), and 6,033 shares on June 1, 2026 (~$77,765). Aggregate spend across these buys was about $671,250. These are purchases (a bullish signal in that cash was spent to acquire stock), not sales.

Key Details

• Transaction dates & prices:
  • May 28, 2026 — 34,719 shares, average ~$13.36975273; individual trades ranged $13.13–$13.425007225. (Footnote F1)
  • May 29, 2026 — 10,000 shares, average ~$12.930202; individual trades ranged $12.89–$12.992454128. (Footnote F2)
  • June 1, 2026 — 6,033 shares, two trades at $12.89 each. (Footnote F3)
• Total purchased: 50,752 shares for ~$671,250.
• Ownership reporting: Shares were reported as owned by KD Capital, L.P., for which Mr. Kenan is the manager and through KD Capital Management, LLC he may be deemed to have indirect beneficial ownership (F1–F3). Additional reported holdings include shares in Mr. Kenan’s individual IRAs (F4) and a trust where he is trustee and beneficiary (F5).
• Shares owned after these transactions: not specified in the filing.
• Filing timeliness: Form 4 was filed June 1, 2026; the filing covers trades from May 28–June 1 and the report appears timely under the two-business-day Form 4 rule.

Context

• These were straightforward open‑market purchases (no option exercises, awards, or gifts). The shares were acquired directly by KD Capital, L.P. (indirect beneficial ownership by Mr. Kenan is disclosed). Purchases by insiders can signal confidence but do not guarantee future company performance.