Form 4: Butler National Corp Director Daly Acquires Shares

Director Joseph Patrick Daly of Butler National Corp acquired 6,916 shares of common stock at $1.70 per share.

Summary

• Joseph Patrick Daly, a director of Butler National Corp, acquired 6,916 shares of common stock on December 12, 2024.
• The shares were purchased at a price of $1.70 per share.
• Following the transaction, Mr. Daly indirectly owns 4,136,916 shares through EssigPR, Inc.
• Mr. Daly also disposed of 4,035,000 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock transaction by a company director. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of company directors.

Comparison to Industry Standards

• Insider trading disclosures are a standard practice for all publicly listed companies.
• The reporting requirements are mandated by the SEC to ensure transparency and prevent illegal trading activities.
• The transaction is typical of a director's stock purchase and disposal, and the reporting is consistent with SEC regulations.

Stakeholder Impact

• The transaction may have a minor impact on shareholder sentiment, but it is not likely to be significant.

Key Dates

Keywords

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