Form 4: Butler National Corp Director Daly Increases Stake in Company
SEC Form 4
Joseph Patrick Daly, a director and 10% owner of Butler National Corp, has increased his holdings through recent stock purchases.
Summary
- On September 18, 2024, Joseph Patrick Daly purchased 43,147 shares of Butler National Corp (BUKS) common stock at a price of $1.3 per share.
- The following day, September 19, 2024, Daly acquired an additional 6,853 shares at $1.3 per share.
- Following these transactions, Daly directly owns 4,025,000 shares of BUKS common stock.
- Daly also indirectly owns 4,025,000 shares through EssigPR, Inc.
Sentiment
Score: 7
Explanation: Insider buying is generally viewed positively, suggesting confidence in the company's future. However, it's a single data point and needs to be considered with other factors.
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 sentiment about the company's prospects. It can influence investor confidence.
Stakeholder Impact
- The increased stake by a director could positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 09/18/2024 | Joseph Patrick Daly purchased 43,147 shares of BUKS at $1.3 per share. |
| 09/19/2024 | Joseph Patrick Daly purchased 6,853 shares of BUKS at $1.3 per share. |
| 09/19/2024 | Signature date of the Form 4 filing. |
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