Form 4: Butler National Corp Director Daly Increases Stake in Company
SEC Form 4
Director Joseph Patrick Daly reports acquiring additional shares of Butler National Corp, increasing his direct and indirect holdings.
Summary
- On October 1st and 2nd, 2024, Joseph Patrick Daly, a director and 10% owner of Butler National Corp (BUKS), acquired additional shares of common stock.
- Daly directly acquired 4,000 shares at $1.30 per share.
- Through EssigPR, Inc., Daly indirectly acquired 11,384 shares at prices ranging from $1.27 to $1.29 per share.
- Following these transactions, Daly directly owns 4,025,000 shares and indirectly owns 4,116,384 shares through EssigPR, Inc.
Sentiment
Score: 7
Explanation: Insider buying is generally viewed positively, suggesting confidence in the company's future. The director's increased stake could boost investor confidence.
Positives
- A director increasing their stake in the company can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider buying is often monitored as an indicator of management's confidence in the company's prospects, and can influence investor sentiment.
Stakeholder Impact
- The increased stake by a director could positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Daly directly acquired 4,000 shares of common stock. |
| 10/01/2024 | Daly indirectly acquired 5,061 shares of common stock through EssigPR, Inc. |
| 10/01/2024 | Daly indirectly acquired 1,939 shares of common stock through EssigPR, Inc. |
| 10/02/2024 | Daly indirectly acquired 5 shares of common stock through EssigPR, Inc. |
| 10/02/2024 | Daly indirectly acquired 4,379 shares of common stock through EssigPR, Inc. |
| 10/02/2024 | Date of signature for the Form 4 filing. |
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