Form 4: Butler National Corp Director Acquires 10,000 Shares

Joseph Patrick Daly, a director at Butler National Corp, acquired 10,000 shares of common stock at $1.70 per share on December 13, 2024.

Summary

• Joseph Patrick Daly, a director of Butler National Corp, purchased 10,000 shares of the company's common stock.
• The transaction occurred on December 13, 2024, at a price of $1.70 per share.
• Following the transaction, Mr. Daly directly owns 4,035,000 shares and indirectly owns 4,146,916 shares through EssigPR, Inc.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of a stock purchase by a director. It is neither overwhelmingly positive nor negative, but the purchase could be interpreted as a sign of confidence.

Positives

• The purchase of shares by a director can be seen as a positive sign of confidence in the company's future prospects.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the trading activities of company directors and officers.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for publicly traded companies in the United States.
• The reporting requirements are consistent across all companies and are designed to ensure transparency in insider trading activities.
• The transaction is typical for a director acquiring shares, and the price is reflective of the market price at the time of the transaction.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment, as it indicates a director's investment in the company.

Key Dates

Keywords

insider trading, beneficial ownership, stock acquisition, director, common stock, Butler National Corp, BUKS