Boston Omaha director granted 5,252 Class A shares

Boston Omaha director David S. Graff received a 5,252‑share equity grant, bringing his direct holdings to 11,146 Class A shares plus 1,000 shares held indirectly.

Rhea-AI Filing Summary

BOSTON OMAHA Corp (symbol: BOC) is the issuer of record for a Form 4 filing submitted to the SEC. Graff David S reported acquisition or exercise transactions in this Form 4 filing.

BOSTON OMAHA Corp (BOC) director David S. Graff reported an equity compensation award of Class A common stock. On September 14, 2026, he was granted 5,252 shares of Class A common stock at a reference value of $13.71 per share under the Boston Omaha Corporation 2022 Long-Term Incentive Plan for his Board service, increasing his directly held shares to 11,146.

The filing also notes 1,000 shares of Class A common stock held by Mr. Graff’s spouse, for which he could be deemed to have indirect beneficial ownership. No transactions were reported under a Rule 10b5-1 trading plan.

Insider Trade Summary

Grant/Award: 5,252 shares

Grant/Award 2 txns

Insider Graff David S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A common stock, par value $0.001 per share F1	5,252	$13.71	$72K
holding	Class A common stock, par value $0.001 per share F2	--	--	--

Holdings After Transaction: Class A common stock, par value $0.001 per share — 11,146 shares (Direct); Class A common stock, par value $0.001 per share — 1,000 shares (Indirect, See footnote)

Footnotes (2)

1. F1. The Reporting Person was granted 5,252 shares of Class A common stock pursuant to the Boston Omaha Corporation 2022 Long-Term Incentive Plan for services as a member of the Board of Directors.
2. F2. The shares are held by Mr. Graff's spouse. Mr. Graff could be deemed to have indirect beneficial ownership of the shares.

Key Figures

Shares granted: 5,252 shares Grant reference price: $13.71 per share Direct holdings after grant: 11,146 shares +2 more

5 metrics

Shares granted 5,252 shares Grant of Class A common stock on September 14, 2026 for Board service

Grant reference price $13.71 per share Transaction price per share for the 5,252-share equity award

Direct holdings after grant 11,146 shares Class A common stock directly held by David S. Graff after the transaction

Indirectly held shares 1,000 shares Class A common stock held by Mr. Graff’s spouse, attributed as indirect beneficial ownership

Transaction date September 14, 2026 Date of the 5,252-share grant under the 2022 Long-Term Incentive Plan

Key Terms

Boston Omaha Corporation 2022 Long-Term Incentive Plan, Class A common stock, indirect beneficial ownership

3 terms

Boston Omaha Corporation 2022 Long-Term Incentive Plan financial

"granted 5,252 shares of Class A common stock pursuant to the Boston Omaha Corporation 2022 Long-Term Incentive Plan"

Class A common stock financial

"Class A common stock, par value $0.001 per share"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

indirect beneficial ownership financial

"Mr. Graff could be deemed to have indirect beneficial ownership of the shares"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BOC director David S. Graff report on this Form 4?

David S. Graff reported a grant of 5,252 shares of Boston Omaha Class A common stock on September 14, 2026, received as compensation for his services as a member of the Board of Directors under the 2022 Long-Term Incentive Plan.

At what price is the 5,252-share grant to the BOC director referenced?

The 5,252-share grant to the BOC director is referenced at $13.71 per share. This value is shown as the transaction price per share for the award of Class A common stock on September 14, 2026.

How many BOC Class A shares does David S. Graff hold directly after this reported grant?

After the reported grant, David S. Graff directly holds 11,146 shares of Boston Omaha Class A common stock. This total reflects the new 5,252-share award added to his existing direct holdings.

Does the BOC filing show any indirect ownership of shares by David S. Graff?

Yes. The filing notes 1,000 shares of Class A common stock held by Mr. Graff’s spouse, and states that Mr. Graff could be deemed to have indirect beneficial ownership of those shares.

Was the BOC director’s Form 4 transaction made under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote stating that the reported equity grant was effected pursuant to a Rule 10b5-1 or pre-arranged trading plan.

What plan governed the 5,252-share grant reported by BOC’s director?

The 5,252-share grant of Class A common stock was made under the Boston Omaha Corporation 2022 Long-Term Incentive Plan, as compensation for David S. Graff’s services as a member of the Board of Directors.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/16/2026 - 07:18 PM Accepted by SEC EDGAR 09/16/2026 - 07:18 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Graff David S

(Last) (First) (Middle)

C/O BOSTON OMAHA CORPORATION

1601 DODGE STREET, SUITE 3300

(Street)

OMAHA NEBRASKA 68102

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BOSTON OMAHA Corp [ BOC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A common stock, par value $0.001 per share	09/14/2026		A		5,252(1)	A	$13.71	11,146	D
Class A common stock, par value $0.001 per share								1,000	I(2)	See footnote

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Reporting Person was granted 5,252 shares of Class A common stock pursuant to the Boston Omaha Corporation 2022 Long-Term Incentive Plan for services as a member of the Board of Directors.

2. The shares are held by Mr. Graff's spouse. Mr. Graff could be deemed to have indirect beneficial ownership of the shares.

	/s/ David S. Graff	09/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)