Butler National (BUKS) director granted 3,255 shares as board fee

Rhea-AI Filing Summary

Yowell Jeffrey David reported acquisition or exercise transactions in this Form 4 filing.

Butler National Corp director Jeffrey David Yowell received a stock award of 3,255 shares of Butler National Common Stock as a director fee. The shares were valued at $3.84 each on the grant date. After this non-market grant, he directly holds 81,747 common shares.

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

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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^*

Yowell Jeffrey David

(Last) (First) (Middle)

4108 W. 91ST STREET

(Street)

PRAIRIE VILLAGE KANSAS 66207

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

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

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

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

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	03/17/2026		A		3,255(1)	A	$3.84	81,747	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:

1. Director Fee

Remarks:

	/s/ Jeffrey David Yowell	03/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Butler National (BUKS) director Jeffrey David Yowell report?

Director Jeffrey David Yowell reported receiving 3,255 shares of Butler National Common Stock as a stock award. The Form 4 identifies this as a grant or other acquisition related to director fees, not an open-market purchase or sale transaction.

Was the Butler National (BUKS) insider transaction a stock purchase or a grant?

The Butler National transaction was a stock grant, not a market purchase. The filing codes it as a grant or award acquisition and includes a footnote labeled “Director Fee,” indicating the shares were issued as compensation for board service.

At what price was the Butler National (BUKS) director stock award valued?

The 3,255-share director stock award for Jeffrey David Yowell was valued at $3.84 per share. This stated price reflects the value used in the Form 4 for the non-derivative Butler National Common Stock grant received as a director fee.

How many Butler National (BUKS) shares does Jeffrey David Yowell hold after this Form 4 grant?

After receiving the 3,255-share director fee grant, Jeffrey David Yowell directly holds 81,747 shares of Butler National Common Stock. This total reflects his direct ownership immediately following the reported non-derivative stock award transaction.

Does the Butler National (BUKS) Form 4 indicate any stock sales by Jeffrey David Yowell?

The Form 4 for Butler National shows no stock sales by Jeffrey David Yowell. It reports only one non-derivative transaction, a grant of 3,255 common shares as a director fee, with no corresponding disposition or sale transactions listed.