Form 4: Butler National Corp Director Daly Acquires 5,000 Shares
SEC Form 4 Filing
Director Joseph Patrick Daly reports purchasing 5,000 shares of Butler National Corp at $1.40 per share on October 14, 2024.
Summary
- On October 14, 2024, Joseph Patrick Daly, a director and 10% owner of Butler National Corp, acquired 5,000 shares of common stock at a price of $1.40 per share.
- Following this transaction, Daly directly owns 4,030,000 shares and indirectly owns 4,130,000 shares through EssigPR, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock purchase by a company director. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
This filing is a routine disclosure of insider trading activity, required by the SEC to ensure transparency and prevent illegal insider trading. It provides investors with information about the trading activities of company insiders, which can sometimes offer insights into their perspectives on the company's prospects.
Stakeholder Impact
- The transaction may have a minor impact on shareholders by slightly increasing demand for the stock.
Key Dates
| Date | Description |
|---|---|
| 10/14/2024 | Date of stock transaction |
| 10/15/2024 | Date of signature on the Form 4 |
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