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

Director Joseph Patrick Daly of Butler National Corp acquired 2,433 shares of common stock at $1.70 per share, while also disposing of 4,035,000 shares held indirectly through EssigPR, Inc.

Summary

• Joseph Patrick Daly, a director of Butler National Corp, engaged in a transaction involving the company's common stock.
• On December 16, 2024, Mr. Daly acquired 2,433 shares at a price of $1.70 per share.
• Simultaneously, Mr. Daly disposed of 4,035,000 shares held indirectly through EssigPR, Inc.
• Following these transactions, Mr. Daly's total indirect holdings amount to 4,149,349 shares.

Sentiment

Score: 5

Explanation: The document is a neutral report of insider trading activity. It doesn't indicate positive or negative sentiment, but rather a factual record of transactions.

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 transactions of company directors and officers.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transaction is typical for directors who may buy or sell shares for various reasons, including personal portfolio management or exercising stock options.
• The size of the disposal of 4,035,000 shares is significant compared to the acquisition of 2,433 shares, suggesting a potential portfolio rebalancing or other strategic reason.

Stakeholder Impact

• The transaction may have a minor impact on shareholder sentiment, as it reflects a director's trading activity.
• The disposal of a large number of shares by EssigPR, Inc. may be of interest to shareholders.

Key Dates

Keywords

Butler National Corp, insider trading, stock acquisition, stock disposal, beneficial ownership, Form 4, director, Joseph Patrick Daly, EssigPR, Inc.