X0508 4 2025-12-01 0001494582 BOSTON OMAHA Corp BOC 0001710114 Kenan Frank H. II C/O BOSTON OMAHA CORPORATION 1601 DODGE STREET, SUITE 3300 OMAHA NE 68102 1 0 Class A common stock, par value $0.001 per share 9644 D Class A common stock, par value $0.001 per share 2025-12-01 4 A 0 44196 12.6735 A 242000 I See footnote Class A common stock, par value $0.001 per share 2025-12-02 4 A 0 6496 12.6736 A 248496 I See footnote Class A common stock, par value $0.001 per share 2025-12-03 4 A 0 16743 12.9413 A 265239 I See footnote Class A common stock, $.001 par value per share 2025-12-02 4 A 0 4452 12.65 A 4452 I See footnote Class A common stock, par value $0.001 per share 2025-12-03 4 A 0 8000 12.919 A 111390 I See footnote The reported shares are directly owned by KD Capital, L.P. Frank H. Kenan II is the manager of and owns 100% of KD Capital Management, LLC, which is the general partner of KD Capital, L.P. Mr. Kenan could be deemed to have indirect beneficial ownership of the shares reported herein. The shares purchased on December 1, 2025 were purchased in multiple transactions at an average price of $12.6735 per share and at individual transaction prices ranging from $12.3966 to $12.88 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. The reported shares are directly owned by KD Capital, L.P. Frank H. Kenan II is the manager of and owns 100% of KD Capital Management, LLC, which is the general partner of KD Capital, L.P. Mr. Kenan could be deemed to have indirect beneficial ownership of the shares reported herein. The shares purchased on December 2, 2025 were purchased in multiple transactions at an average price of $12.6736 per share and at individual transaction prices ranging from $12.65 to $12.69 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 (2) to this Form 4. The reported shares are directly owned by KD Capital, L.P. Frank H. Kenan II is the manager of and owns 100% of KD Capital Management, LLC, which is the general partner of KD Capital, L.P. Mr. Kenan could be deemed to have indirect beneficial ownership of the shares reported herein. The shares purchased on December 3, 2025 were purchased in multiple transactions at an average price of $12.9413 per share and at individual transaction prices ranging from $12.75 to $13.0599 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 (3) to this Form 4 The reported shares are owned in individual retirement accounts for the benefit of Mr. Kenan. The reported shares are directly owned by a trust under which Frank H. Kenan II is both the trustee and a beneficiary. Mr. Kenan could be deemed to have indirect beneficial ownership of the shares reported herein. The shares purchased on December 3, 2025 were purchased in multiple transactions at an average price of $12.9190 per share and at individual transaction prices ranging from $12.88 to $12.9411 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 (5) to this Form 4. /s/ Frank H. Kenan, II 2025-12-03