Form 4: Butler National Corp Director Acquires 15,000 Shares

Joseph Patrick Daly, a director at Butler National Corp, purchased 15,000 shares of common stock at $1.85 per share on December 23, 2024.

Summary

• Joseph Patrick Daly, a director of Butler National Corp, acquired 15,000 shares of common stock on December 23, 2024.
• The shares were purchased at a price of $1.85 each.
• Following the transaction, Mr. Daly directly owns 4,050,000 shares and indirectly owns 4,150,000 shares through EssigPR, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive as a director's purchase can be seen as a sign of confidence, but it's a routine transaction.

Positives

• A director's purchase of shares can be seen as a positive signal of confidence in the company's future.

Industry Context

This is a standard SEC Form 4 filing, which is a routine disclosure for corporate insiders who trade their company's stock. It is a common practice and is required by law to ensure transparency in the market.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for all publicly traded companies in the United States.
• The reporting requirements are consistent across all companies and are designed to provide transparency to investors.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the director's purchase.

Key Dates

Keywords

insider trading, share acquisition, common stock, director, Butler National Corp, BUKS