Form 4: Butler National Corp Director Acquires Shares in Open Market Transaction

Joseph Patrick Daly, a director at Butler National Corp, purchased 2,000 shares of common stock at $1.72 per share on January 7, 2025.

Summary

• On January 7, 2025, Joseph Patrick Daly, a director of Butler National Corp, acquired 2,000 shares of the company's common stock.
• The shares were purchased at a price of $1.72 per share.
• Following the transaction, Mr. Daly directly owns 4,110,000 shares and indirectly owns 4,250,000 shares through EssigPR, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While the purchase is a positive sign, it's a routine transaction and not a major event.

Positives

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

Industry Context

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

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider trading activities.
• The transaction is relatively small in volume compared to the total shares owned by the director, suggesting it is not a major shift in ownership.

Stakeholder Impact

• The share purchase may have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

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