BOC Form 4: Director receives 4,894 fully vested Class A shares

Rhea-AI Filing Summary

Boston Omaha Corporation (BOC) reported that a director received an equity grant of Class A common stock. On 11/24/2025, the reporting person was granted 4,894 shares of Class A common stock at a price of $12.26 per share under the company’s 2022 Long-Term Incentive Plan for service on the Board of Directors. The filing notes that, because the award was issued later in the year than director option grants are typically issued, these shares are fully vested. Following this grant, the director beneficially owns 49,644 shares directly.

Insider Trade Summary

Net Buyer: 4,894 shares

Net Buy 1 txn

Insider Royal Jeffrey C

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A common stock, par value $0.001 per share	4,894	$12.26	$60K

Holdings After Transaction: Class A common stock, par value $0.001 per share — 49,644 shares (Direct)

Footnotes (1)

1. F1. The Reporting Person was granted 4,894 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. The shares were issued later in the year than director option grants are typically issued and, as a result, the shares are fully vested.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 11/26/2025 - 04:01 PM Learn about SEC filing dates

FAQ

What did Boston Omaha (BOC) disclose in this Form 4 filing?

Boston Omaha (BOC) disclosed that a director received a grant of 4,894 shares of Class A common stock for service on the Board of Directors, reported as a Form 4 transaction dated 11/24/2025.

How many Boston Omaha (BOC) shares were granted to the director?

The director was granted 4,894 shares of Boston Omaha Class A common stock pursuant to the company’s 2022 Long-Term Incentive Plan.

At what price were the Boston Omaha (BOC) shares recorded in the Form 4?

The Form 4 shows the 4,894 shares of Class A common stock at a price of $12.26 per share.

Are the newly granted Boston Omaha (BOC) shares vested?

Yes. The filing explains that, because the grant was issued later in the year than director option grants are typically issued, the 4,894 shares are fully vested.

How many Boston Omaha (BOC) shares does the director own after this transaction?

After the reported transaction, the director beneficially owns 49,644 shares of Boston Omaha Class A common stock, held directly.

What plan governs the director’s stock grant at Boston Omaha (BOC)?

The grant was made under the Boston Omaha Corporation 2022 Long-Term Incentive Plan for services as a member of the Board of Directors.

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 NE 68102

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
11/24/2025

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

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

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

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	11/24/2025		A		4,894(1)	A	$12.26	49,644	D

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 4,894 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. The shares were issued later in the year than director option grants are typically issued and, as a result, the shares are fully vested.

	/s/ Jeffrey C. Royal	11/26/2025
	** 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.