Butler National (BUKS) Form 4: Insider Purchase of 5,000 Shares

Rhea-AI Filing Summary

Christopher J. Reedy, CEO, President and director of Butler National Corp (BUKS), filed a Form 4 reporting transactions dated 09/17/2025. The filing shows a purchase of 5,000 common shares at $1.66 per share (transaction code P) and reports 1,043,099 shares beneficially owned following the reported transaction. The report also discloses indirect holdings of 1,400,302 shares via a 401(k)/profit sharing plan and 5,000 shares held indirectly by spouse. The form is signed 09/18/2025.

Positive

• Insider purchase disclosed: Christopher J. Reedy purchased 5,000 shares at $1.66 on 09/17/2025.
• Transparency of holdings: Filing discloses direct and indirect ownership including 401(k)/profit sharing and spousal holdings.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR Insider filing documents a small CEO share purchase; routine disclosure with limited immediate governance implications.

The Form 4 filed by Christopher J. Reedy records a purchase of 5,000 common shares at $1.66 on 09/17/2025 and reports both direct and indirect holdings, including substantial indirect holdings via a 401(k)/profit sharing vehicle. This is a standard Section 16 disclosure that increases reported direct ownership and maintains transparency on related-party holdings. No departures, grants, or exercises are reported.

Securities Analyst

TL;DR Small insider buy noted; transaction size is modest relative to total reported holdings and unlikely to move valuation.

The purchase of 5,000 shares at $1.66 is explicitly documented. The filing indicates 1,043,099 shares beneficially owned following the purchase and additional indirect holdings of 1,400,302 shares via a retirement plan and 5,000 via spouse. This disclosure is informative for monitoring insider activity but represents a limited, routine transaction.

Insider Trade Summary

Net Buyer: 5,000 shares ($8,300)

Net Buy 3 txns

Insider REEDY CHRISTOPHER J

Role CEO and President

Bought 5,000 shs ($8K)

Type	Security	Shares	Price	Value
Purchase	Butler National Common Stock	5,000	$1.66	$8K
holding	Butler National Common Stock	--	--	--
holding	Butler National Common Stock	--	--	--

Holdings After Transaction: Butler National Common Stock — 1,043,099 shares (Direct); Butler National Common Stock — 1,400,302 shares (Indirect, By 401(K) Profit Sharing)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 09/18/2025 - 07:18 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

REEDY CHRISTOPHER J

(Last) (First) (Middle)

ONE AREO PLAZA

(Street)

NEW CENTURY KS 66031

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BUTLER NATIONAL CORP [ BUKS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and President

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Butler National Common Stock								1,400,302	I	By 401(K) Profit Sharing
Butler National Common Stock								5,000	I	By Spouse
Butler National Common Stock	09/17/2025		P		5,000	A	$1.66	1,043,099	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Christopher J. Reedy	09/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Christopher J. Reedy report on Form 4 for BUKS?

He reported a purchase of 5,000 common shares at $1.66 per share on 09/17/2025.

How many Butler National (BUKS) shares does Christopher Reedy beneficially own after the reported transaction?

1,043,099 shares are reported as beneficially owned following the transaction.

Does the Form 4 disclose any indirect holdings for Christopher Reedy?

Yes. It reports 1,400,302 shares held indirectly via a 401(k)/profit sharing plan and 5,000 shares indirectly by spouse.

When was the Form 4 signed by the reporting person?

The form is signed on 09/18/2025 by Christopher J. Reedy.

What is the filer’s role at Butler National Corp as stated on the Form 4?

Christopher J. Reedy is listed as CEO, President and a Director of Butler National Corp.