<SEC-DOCUMENT>0001398344-23-018010.txt : 20230913
<SEC-HEADER>0001398344-23-018010.hdr.sgml : 20230913
<ACCEPTANCE-DATETIME>20230913200536
ACCESSION NUMBER:		0001398344-23-018010
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230911
FILED AS OF DATE:		20230913
DATE AS OF CHANGE:		20230913

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MAGNOLIA GROUP, LLC
		CENTRAL INDEX KEY:			0001618376
		STATE OF INCORPORATION:			OK
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38113
		FILM NUMBER:		231253817

	BUSINESS ADDRESS:	
		STREET 1:		1601 DODGE STREET
		STREET 2:		SUITE 3300
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68102
		BUSINESS PHONE:		918-796-3158

	MAIL ADDRESS:	
		STREET 1:		1601 DODGE STREET
		STREET 2:		SUITE 3300
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68102

	FORMER NAME:	
		FORMER CONFORMED NAME:	MAGNOLIA GROUP LLC
		DATE OF NAME CHANGE:	20140902

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MAGNOLIA BOC I, LP
		CENTRAL INDEX KEY:			0001732690
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38113
		FILM NUMBER:		231253816

	BUSINESS ADDRESS:	
		STREET 1:		1411 HARNEY ST.
		STREET 2:		SUITE 200
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68102
		BUSINESS PHONE:		402-509-8456

	MAIL ADDRESS:	
		STREET 1:		1411 HARNEY ST.
		STREET 2:		SUITE 200
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68102

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Peterson Adam K
		CENTRAL INDEX KEY:			0001667769

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38113
		FILM NUMBER:		231253818

	MAIL ADDRESS:	
		STREET 1:		1601 DODGE STREET, SUITE 3300
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68102

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BOSTON OMAHA Corp
		CENTRAL INDEX KEY:			0001494582
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE OPERATORS (NO DEVELOPERS) & LESSORS [6510]
		IRS NUMBER:				270788438
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1601 DODGE STREET
		STREET 2:		SUITE 3300
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68102
		BUSINESS PHONE:		857-256-0079

	MAIL ADDRESS:	
		STREET 1:		1601 DODGE STREET
		STREET 2:		SUITE 3300
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	REO PLUS, INC.
		DATE OF NAME CHANGE:	20100618
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>fp0085154-1_4.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2023-09-11</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001494582</issuerCik>
        <issuerName>BOSTON OMAHA Corp</issuerName>
        <issuerTradingSymbol>BOC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001667769</rptOwnerCik>
            <rptOwnerName>Peterson Adam K</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1601 DODGE STREET, SUITE 3300</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>OMAHA</rptOwnerCity>
            <rptOwnerState>NE</rptOwnerState>
            <rptOwnerZipCode>68102</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Co-Chief Executive Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001618376</rptOwnerCik>
            <rptOwnerName>MAGNOLIA GROUP, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1601 DODGE STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 3300</rptOwnerStreet2>
            <rptOwnerCity>OMAHA</rptOwnerCity>
            <rptOwnerState>NE</rptOwnerState>
            <rptOwnerZipCode>68102</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001732690</rptOwnerCik>
            <rptOwnerName>MAGNOLIA BOC I, LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1601 DODGE STREET, SUITE 3300</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>OMAHA</rptOwnerCity>
            <rptOwnerState>NE</rptOwnerState>
            <rptOwnerZipCode>68102</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock, par value $0.001 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2023-09-11</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>876</value>
                    <footnoteId id="F6"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>17.14</value>
                    <footnoteId id="F4"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>6692918</value>
                    <footnoteId id="F5"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Children</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The reported shares are directly owned by Adam K. Peterson (&quot;Mr. Peterson&quot;), Mr. Peterson's Minor Children, Magnolia Capital Fund (&quot;MCF&quot;), and Magnolia BOC I, LP (&quot;BOC I&quot;). The Magnolia Group, LLC (&quot;TMG&quot;) is the general partner and investment manager of MCF and BOC I. Mr. Peterson is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein for those reporting persons.</footnote>
        <footnote id="F2">TMG and Mr. Peterson disclaim beneficial ownership with respect to the shares held by MCF and BOC I except to the extent of their respective 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.</footnote>
        <footnote id="F3">Mr. Peterson serves as a director of the Issuer, and as the co-chief executive officer of the Issuer.</footnote>
        <footnote id="F4">This transaction was executed in multiple trades at prices ranging from $17.13 to $17.14. The price reported above reflects the weighted-average sale price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.</footnote>
        <footnote id="F5">MCF may be the beneficial owner of 580,558 shares of Common Stock that it holds (comprised of 527,780 shares of Class B Common Stock, 51,516 $10 Warrants to purchase Common Stock, and 1,262 $8 Warrants to purchase Common Stock). BOC I may be deemed the beneficial owner of 5,589,253 shares of Common Stock that it holds. TMG may be deemed the beneficial owner of 6,169,811 shares of Common Stock, which includes the shares held by MCF and BOC I. Adam Peterson may be deemed the beneficial owner of 6,692,918 shares of Common Stock including the 523,107 shares of Common Stock that he holds directly or indirectly through Mr. Peterson's minor children's account, and the shares held by MCF and BOC I.</footnote>
        <footnote id="F6">The purchase of shares being reported on this Form 4 were purchased by Adam Peterson indirectly for his children, Ava, Owen, and Cooper Peterson's accounts. No shares were purchased by the other Reporting Persons.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Adam K. Peterson on behalf of Magnolia BOC I, LP, by its General Partner, The Magnolia Group LLC</signatureName>
        <signatureDate>2023-09-13</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Adam K. Peterson, managing member on behalf of The Magnolia Group, LLC</signatureName>
        <signatureDate>2023-09-13</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Adam K. Peterson</signatureName>
        <signatureDate>2023-09-13</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
