George Kaiser Family Foundation Maintains BOK Financial Stake

TL;DR

**George Kaiser Family Foundation still holds BOK Financial stock, showing continued passive investment.**

AI Summary

The George Kaiser Family Foundation, a non-profit organization, filed an amendment to its Schedule 13G, indicating its ownership of BOK Financial Corporation's common stock as of December 31, 2023. This filing, an SC 13G/A, updates previous disclosures about their passive investment in the bank. This matters to investors because it confirms a significant, long-term holder's continued stake in BOK Financial, suggesting stability and confidence from a major foundation with ties to the company's namesake.

Why It Matters

This filing confirms that a major foundation continues to hold a significant, passive stake in BOK Financial, signaling long-term confidence in the company's stability.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive investor and does not indicate any immediate change in company operations or significant market risk.

Analyst Insight

Investors should note the continued, stable ownership by a significant foundation, which can be a positive long-term signal, but this filing itself doesn't suggest immediate trading action.

Key Numbers

• 05561Q201 — CUSIP number (identifies BOK Financial Corporation's Common Stock)
• December 31, 2023 — Date of event (the date as of which the ownership information is reported)

Key Players & Entities

• George Kaiser Family Foundation (company) — reporting person, owner of BOK Financial stock
• BOK Financial Corporation (company) — issuer of the common stock
• FREDERIC DORWART (person) — group member
• PHIL LAKIN, JR. (person) — group member
• PHILIP KAISER (person) — group member

Forward-Looking Statements

• The George Kaiser Family Foundation will likely maintain its passive investment in BOK Financial Corporation. (George Kaiser Family Foundation) — high confidence, target: Next 12-24 months

FAQ

Key Financial Figures

• $0.00006 — ration (Name of issuer) Common Stock, $0.00006 par value (Title of class of securitie

Filing Documents

• ef20021266_sc13ga.htm (SC 13G/A) — 166KB
• ef20021266_ex99-1.htm (EX-99.1) — 8KB
• 0001140361-24-006759.txt ( ) — 176KB

(a)

Item 1 (a). Name of Issuer: BOK Financial Corporation

(b)

Item 1 (b). Address of Issuer's Principal Executive Offices: Bank of Oklahoma Tower P.O. Box 2300 Tulsa, OK 74192

(a). Name of Person Filing: This schedule 13G with respect to the

Item 2 (a). Name of Person Filing: This schedule 13G with respect to the Common Stock is filed by the George Kaiser Family Foundation ("GKFF"), Mr. Frederic Dorwart, Mr. Philip Kaiser and Mr. Phil Lakin, Jr. The three named individuals are members of the Investment Committee of GKFF (the "Investment Committee Members") and by virtue of such position may be deemed to have beneficial ownership of the Common Stock held by GKFF.

(b)

Item 2 (b). Address of Principal Business Office or, if none, Residence: The address of the principal business office of GKFF is 7030 South Yale Avenue, Suite 600, Tulsa, OK, 74136. The address of the principal business office of Mr. Dorwart is 124 East Fourth Street, Tulsa, OK, 74103. The address of the principal business office of Mr. Kaiser is 2718 South Florence Avenue, Tulsa, OK 74114. The address of the principal business office of Mr. Lakin is 7030 South Yale Avenue, Suite 600, Tulsa, OK, 74136. Item 2 (c). Citizenship: GKFF was organized, associated or formed under the laws of the State of Oklahoma. The Investment Committee Members are citizens of the United States of America.

(d)

Item 2 (d). Title of Class of Securities: Common Stock, par value $0.00006 per share

(e)

Item 2 (e). CUSIP No: 05561Q201 Item 3. If this Statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: a. Broker or dealer registered under Section 15 of the Act; b. Bank as defined in Section 3(a)(6) of the Act; c. Insurance company as defined in Section 3(a)(19) of the Act; d. Investment company registered under Section 8 of the Investment Company Act of 1940; e. An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); f. An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); g. A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); h. A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); i. A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940; j. A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); k. Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ Item 4. The percentages used herein and in the rest of this Schedule 13G are calculated based upon a total of 65,664,840 shares of Common Stock issued and outstanding as of September 30, 2023, as reported in BOK Financial Corporation's Form 10-Q for the quarter ending September 30, 2023 and filed on November 1, 2023. 3,361,707 shares of BOK Financial Corporation are held directly by GKFF and deemed beneficially owned by the Investment Committee Members. The Investment Committee Members disclaim beneficial ownership of the shares held directly by GKFF. Mr. Dorwart individually indirectly owns 6,000 shares of Common Stock through FDND Oil & Gas, LLC, for which he has sole voting and dispositive power. Mr. Kaiser individually directly owns 1,903 shares of Common Stock, for

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 8, 2024 George Kaiser Family Foundation By: /s/ Frederic Dorwart Frederic Dorwart Power of Attorney Frederic Dorwart By: /s/ Frederic Dorwart Frederic Dorwart, Individually Philip Kaiser By: /s/ Philip Kaiser Philip Kaiser, Individually Phil Lakin, Jr. By: /s/ Phil Lakin, Jr. Phil Lakin, Jr., Individually EXHIBIT INDEX Exhibit A (99.1) - Joint Filing Agreement

View Full Filing

View this SC 13G/A filing on SEC EDGAR