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

Joseph Patrick Daly, a director at Butler National Corp, purchased 6,500 shares of common stock at $1.72 per share on January 8, 2025.

Summary

• On January 8, 2025, Joseph Patrick Daly, a director of Butler National Corp, acquired 6,500 shares of the company's common stock.
• The shares were purchased at a price of $1.72 each.
• Following this transaction, Mr. Daly directly owns 4,116,500 shares of Butler National Corp.
• He also indirectly owns 4,250,000 shares through EssigPR, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive as a director purchasing shares 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 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 key personnel.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for publicly traded companies in the United States.
• The transaction is typical for directors and officers who are required to disclose their trades in company stock.
• The size of the transaction is relatively small compared to the total shares held by the director.

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 purchase, director, common stock, beneficial ownership, Butler National Corp, BUKS