Form 4: Butler National Corp Director Daly Increases Stake Through Multiple Purchases
SEC Form 4
Director Joseph Patrick Daly increases his stake in Butler National Corp (BUKS) through a series of open market purchases.
Summary
- On September 26 and 27, 2024, Joseph Patrick Daly, a director and 10% owner of Butler National Corp (BUKS), acquired additional shares of common stock.
- The purchases were made at prices ranging from $1.28 to $1.33 per share.
- The transactions increased Daly's indirect beneficial ownership through EssigPR, Inc. to 4,101,000 shares.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive due to insider buying, which often signals confidence in the company's future.
Positives
- The director's purchase of shares may signal confidence in the company's future prospects.
Industry Context
Insider buying is often seen as a positive sign, suggesting that those with the most knowledge of the company believe its stock is undervalued.
Stakeholder Impact
- Shareholders may view the insider buying as a positive signal.
Key Dates
| Date | Description |
|---|---|
| 09/26/2024 | Daly purchased 43,768 shares at $1.30, 200 shares at $1.32 and 1,032 shares at $1.33. |
| 09/27/2024 | Daly purchased 27,900 shares at $1.28 and 3,100 shares at $1.29. |
| 09/30/2024 | Date of signature on the Form 4. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.