Yellowstone Acquisition (YSAC) director Rozek bought 4,500,000 shares for $45M at $10.00

Insider transactions reported

Alexander Buffett Rozek (director at Yellowstone Acquisition Company, YSAC) reported that they bought 4,500,000 shares for $45M at $10.00, and acquired 3,399,724 shares, and acquired 5,500,000 shares on Jan 25, 2022. After these transactions the filing shows 4,500,000 shares held indirectly (See Footnote 1) and 7,693,474 shares held indirectly (See Footnote 2).

Reporting person

Rozek Alexander Buffett

Holdings before and after

• Class A common stock: 0 to 4,500,000 indirect, See Footnote 1
• Class A common stock: 4,500,000 to 7,693,474 indirect, See Footnote 2
• Class A common stock: 7,693,474 to 7,899,724 indirect, See Footnote 3
• Class A common stock: 7,899,724 to 13,399,724 indirect, See Footnote 4

Footnotes from the filing

1. 1. Consists of 4,500,000 shares of Class A common stock purchased by Boston Omaha Corporation upon the closing of the business combination between Yellowstone Acquisition Company and Sky Harbour LLC (the Business Combination ). Mr. Rozek disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary indirect interest he may have therein as a stockholder of Boston Omaha Corporation.
2. 2. 3,193,474 of the reported shares were issued in connection with the automatic conversion of an equal number of shares of Class B common stock which converted to Class A common stock upon the closing of the Business Combination. These shares are held directly by BOC Yellowstone I and Alex B. Rozek is a manager of BOC Yellowstone LLC, which is owned by Boston Omaha Corporation. As such, he may be deemed to have or share beneficial ownership of the Class A common stock held directly by BOC Yellowstone LLC. Mr. Rozek disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary indirect interest he may have therein as a stockholder of Boston Omaha Corporation.
3. 3. 206,250 of the reported shares and their applicable underlying derivative securities are held directly by BOC Yellowstone II LLC. BOC Yellowstone LLC is the sole managing member of BOC Yellowstone II LLC, and Alex B. Rozek is a manager of BOC Yellowstone LLC, which is owned by Boston Omaha Corporation. As such, he may be deemed to have or share beneficial ownership of the Class A common stock held directly by BOC Yellowstone II LLC. Mr. Rozek disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary indirect interest he may have therein as a stockholder of Boston Omaha Corporation. As such, he may be deemed to have or share beneficial ownership of the Class A common stock held directly by BOC Yellowstone II LLC. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
4. 4. 5,500,000 of the reported shares were issued in connection with the automatic conversion of Series B Preferred Units of Sky Harbour LLC purchased in August 2021 and which convert to 5,500,000 shares of Class A common stock upon the closing of the Business Combination. These shares are held by Boston Omaha Corporation and Alex B. Rozek is a director of Boston Omaha Corporation. As such, he may be deemed to have or share beneficial ownership of the Class A common stock held directly by Boston Omaha Corporation. Mr. Rozek disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary indirect interest he may have therein as a stockholder of Boston Omaha Corporation.

Transaction codes in this filing

Open-market purchase:

Code P marks a purchase in the open market or a private deal. The insider paid for these securities.

Conversion of a derivative:

Code C marks the conversion of a derivative, such as preferred stock or units, into another security.

Other acquisition or disposition:

Code J marks a transaction that fits no other code. The footnotes describe what happened.

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