BOC director buys 41,046 BOSTON OMAHA shares

BOSTON OMAHA Corp director Jeffrey C. Royal reported a series of open-market share purchases of Class A common stock.

Rhea-AI Filing Summary

BOSTON OMAHA Corp director Jeffrey C. Royal reported a series of open-market share purchases of Class A common stock. On May 22, 26, and 27, 2026, entities associated with him bought a total of 41,046 shares at prices around the low‑$12 range per share.

Indirectly held shares were purchased and held through Dundee BanCo, Inc., which directly owns those shares. Royal is an officer of Dundee BanCo, Inc. and disclaims beneficial ownership of its holdings except for his pecuniary interests. He also bought shares directly, bringing his directly owned position to 69,644 shares and his indirectly owned position to 31,046 shares after these transactions.

Insider Trade Summary

Net Buyer: 41,046 shares

Net Buy 4 txns

Insider Royal Jeffrey C

Role Director

Bought 41,046 shs ($521K)

Type	Security	Shares	Price	Value
Purchase	Class A common stock, par value $0.001 per share	10,000	$12.72	$127K
Purchase	Class A common stock, par value $0.001 per share	10,000	$12.82	$128K
Purchase	Class A common stock, par value $0.001 per share	11,046	$12.8176	$142K
Purchase	Class A common stock, par value $0.001 per share	10,000	$12.40	$124K

Holdings After Transaction: Class A common stock, par value $0.001 per share — 69,644 shares (Direct); Class A common stock, par value $0.001 per share — 31,046 shares (Indirect, See Footnote)

Footnotes (3)

1. F1. The reported shares are directly owned by Dundee BanCo, Inc. Mr. Royal is an officer of Dundee BanCo, Inc. Mr. Royal disclaims beneficial ownership with respect to the shares held by Dundee BanCo, Inc. except to the extent of his pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.
2. F2. The reported shares are directly owned by Dundee BanCo, Inc. Mr. Royal is an officer of Dundee BanCo, Inc. Mr. Royal disclaims beneficial ownership with respect to the shares held by Dundee BanCo, Inc. except to the extent of his pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes. The shares purchased on May 26, 2026 were purchased in multiple transactions at an average price of $12.8176 per share and at individual transaction prices ranging from $12.60 to $12.84 per share. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) to this Form 4.
3. F3. The reported shares are directly owned by Dundee BanCo, Inc. Mr. Royal is an officer of Dundee BanCo, Inc. Mr. Royal disclaims beneficial ownership with respect to the shares held by Dundee BanCo, Inc. except to the extent of his pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

Key Figures

Total shares purchased: 41,046 shares Purchase on May 27, 2026 (indirect): 10,000 shares at $12.82 Purchase on May 27, 2026 (direct): 10,000 shares at $12.72 +4 more

7 metrics

Total shares purchased 41,046 shares Net open-market buys reported in this Form 4

Purchase on May 27, 2026 (indirect) 10,000 shares at $12.82 Class A common stock via Dundee BanCo, Inc.

Purchase on May 27, 2026 (direct) 10,000 shares at $12.72 Class A common stock held directly by Royal

Purchase on May 26, 2026 (indirect) 11,046 shares at $12.8176 Average price for multiple transactions via Dundee BanCo, Inc.

Purchase on May 22, 2026 (indirect) 10,000 shares at $12.40 Initial indirect block via Dundee BanCo, Inc.

Direct holdings after trades 69,644 shares Class A common stock directly owned by Royal after May 27, 2026

Indirect holdings after trades 31,046 shares Class A common stock held through Dundee BanCo, Inc.

Key Terms

open-market purchase, indirect ownership, beneficial ownership, pecuniary interests, +1 more

5 terms

open-market purchase financial

"transaction_action": "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

indirect ownership financial

""ownership_type": "indirect" and "direct_or_indirect": "I""

beneficial ownership financial

"Mr. Royal disclaims beneficial ownership with respect to the shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

pecuniary interests financial

"except to the extent of his pecuniary interests therein"

Section 16 regulatory

"for Section 16 or for any other purposes"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

FAQ

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

What insider transactions did BOC director Jeffrey C. Royal report?

Jeffrey C. Royal reported multiple open-market purchases of BOSTON OMAHA Corp Class A common stock, totaling 41,046 shares. The trades occurred on May 22, 26, and 27, 2026 at prices in the low‑$12 range per share.

At what prices were the recent BOC insider share purchases made?

The reported BOC share purchases were made around $12–$13 per share, including transactions at $12.40, $12.72, $12.82, and an average price of $12.8176 per share for one multi-trade purchase block.

How many BOC shares does Jeffrey C. Royal hold directly after these trades?

Following the reported open-market purchases, Jeffrey C. Royal directly owns 69,644 shares of BOSTON OMAHA Corp Class A common stock. This figure reflects his direct holdings after the May 27, 2026 purchase of 10,000 shares at $12.72 per share.

What is Dundee BanCo, Inc.’s role in the BOC insider transactions?

Several reported BOC transactions involve shares directly owned by Dundee BanCo, Inc. Royal is an officer of Dundee BanCo, Inc. and reports these as indirect holdings, while disclaiming beneficial ownership except to the extent of his pecuniary interests in that entity.

How many BOC shares are indirectly associated with Jeffrey C. Royal?

After the May 27, 2026 transactions, 31,046 shares of BOSTON OMAHA Corp Class A common stock are reported as indirectly held through Dundee BanCo, Inc. These shares are directly owned by Dundee BanCo, with Royal reporting them as indirect holdings.

Were the BOC insider trades reported as purchases or sales?

All reported BOC insider transactions are coded as P, meaning open-market or private purchases of Class A common stock. The filing shows four separate buy transactions and no sales, resulting in a net increase in reported share holdings.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/27/2026 - 06:42 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^*

Royal Jeffrey C

(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)
05/22/2026

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	05/27/2026		P		10,000	A	$12.72	69,644	D
Class A common stock, par value $0.001 per share	05/22/2026		P		10,000	A	$12.4	10,000	I	See Footnote(1)
Class A common stock, par value $0.001 per share	05/26/2026		P		11,046	A	$12.8176(2)	21,046	I	See Footnote(2)
Class A common stock, par value $0.001 per share	05/27/2026		P		10,000	A	$12.82	31,046	I	See Footnote(3)

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 reported shares are directly owned by Dundee BanCo, Inc. Mr. Royal is an officer of Dundee BanCo, Inc. Mr. Royal disclaims beneficial ownership with respect to the shares held by Dundee BanCo, Inc. except to the extent of his pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

2. The reported shares are directly owned by Dundee BanCo, Inc. Mr. Royal is an officer of Dundee BanCo, Inc. Mr. Royal disclaims beneficial ownership with respect to the shares held by Dundee BanCo, Inc. except to the extent of his pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes. The shares purchased on May 26, 2026 were purchased in multiple transactions at an average price of $12.8176 per share and at individual transaction prices ranging from $12.60 to $12.84 per share. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) to this Form 4.

3. The reported shares are directly owned by Dundee BanCo, Inc. Mr. Royal is an officer of Dundee BanCo, Inc. Mr. Royal disclaims beneficial ownership with respect to the shares held by Dundee BanCo, Inc. except to the extent of his pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

	/s/ Jeffrey C. Royal	05/27/2026
	** 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)