[Form 4] BUTLER NATIONAL CORP Insider Trading Activity

Rhea-AI Filing Summary

Butler National Corp (BUKS) director Julie Marie Bowen reported a purchase of 7,575 shares of the company's common stock on 09/23/2025 at a price of $1.65 per share. After the transaction she beneficially owns 16,078 shares. The filing is a Form 4 disclosure of insider activity and contains no derivative transactions or additional remarks.

Insights

Financial Analyst

TL;DR: A director purchased a modest stake; impact likely minimal given the size.

The reported buy of 7,575 shares at $1.65 increases the director's holding to 16,078 shares. The transaction is a straightforward open-market acquisition reported on Form 4 with no derivative activity disclosed. For most investors this type of filing is routine insider activity and does not, by itself, indicate a material change to Butler National's capitalization or operating outlook.

Corporate Governance Expert

TL;DR: Insider compliance is timely and complete; transaction appears ordinary and properly reported.

The Form 4 is signed and dated by the reporting person, states the director relationship, and discloses the shares acquired, price, and resulting beneficial ownership. There are no amendments, joint filers, or indications of planned trading arrangements noted. From a governance perspective, the filing meets reporting requirements and raises no immediate disclosure concerns.

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

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bowen Julie Marie

(Last) (First) (Middle)

5708 PAYNE STREET

(Street)

SHAWNEE KS 66226

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2025

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	09/23/2025		A		7,575	A	$1.65	16,078	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/ Julie Marie Bowen	09/23/2025
	** 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 insider transaction did Julie Marie Bowen report for BUKS?

She purchased 7,575 shares of Butler National common stock on 09/23/2025 at $1.65 per share.

How many BUKS shares does Julie Marie Bowen own after the transaction?

She beneficially owns 16,078 shares following the reported purchase.

Was any derivative security reported in this Form 4 for BUKS?

No derivative securities were disclosed in Table II; the filing reports only a non-derivative purchase.

What is the relationship of the reporting person to BUKS?

Julie Marie Bowen is a Director of Butler National Corp, as indicated on the form.

When was the Form 4 transaction dated and signed?

The transaction date and signature date are 09/23/2025, as shown on the filing.