Form 4: Butler National Corp: Director Daly Increases Stake
SEC Form 4
Joseph Patrick Daly, a director and 10% owner of Butler National Corp, recently increased his holdings in the company's common stock through open market purchases.
Summary
- On October 4, 2024, Joseph Patrick Daly acquired 8,616 shares of Butler National Corp common stock at a price of $1.34 per share.
- On the same day, Daly acquired 250 shares of Butler National Corp common stock at a price of $1.3 per share.
- Following these transactions, Daly directly owns 4,025,000 shares and indirectly owns 4,125,250 shares through EssigPR, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. An insider purchase is generally viewed as a positive sign, but without more context, it's difficult to gauge the overall impact.
Positives
- The director's purchase of shares could be interpreted as a positive signal, indicating confidence in the company's future prospects.
Stakeholder Impact
- The increased stake of a director could positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 10/04/2024 | Date of stock purchase transactions |
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