Butler National (BUKS) director Daly adds 1,000 shares in open-market buy

Rhea-AI Filing Summary

Butler National Corp director and more than 10% owner Joseph Patrick Daly bought 1,000 shares of Common Stock in an open-market transaction. The purchase was made at a price of $3.88 per share on March 20, 2026.

After this trade, Daly directly holds 4,500,000 Butler National shares. He also reports separate indirect ownership of 4,360,000 shares held through EssigPR, Inc., showing that this purchase is a very small addition to an already large position.

Insider Trade Summary

Net Buyer: 1,000 shares ($3,880)

Net Buy 2 txns

Insider Daly Joseph Patrick

Role Director, 10% Owner

Bought 1,000 shs ($4K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,000	$3.88	$4K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 4,500,000 shares (Direct); Common Stock — 4,360,000 shares (Indirect, EssigPR, Inc.)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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).

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^*

Daly Joseph Patrick

(Last) (First) (Middle)

497 CIRCLE FREEWAY

(Street)

CINCINNATI OHIO 45246

(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	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

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
Common Stock	03/20/2026		P		1,000	A	$3.88	4,500,000	D
Common Stock								4,360,000	I	EssigPR, Inc.

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:

	Joseph Patrick Daly	03/23/2026
	** 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 trade did Butler National (BUKS) director Joseph Patrick Daly make?

Joseph Patrick Daly bought 1,000 shares of Butler National Common Stock in an open-market transaction. The shares were purchased at $3.88 each on March 20, 2026, modestly increasing his already substantial ownership position in the company.

At what price did Joseph Patrick Daly buy Butler National (BUKS) shares?

Daly purchased Butler National shares at a price of $3.88 per share. The Form 4 shows he acquired 1,000 shares of Common Stock in an open-market transaction on March 20, 2026, reflecting a relatively small incremental investment.

How many Butler National (BUKS) shares does Joseph Patrick Daly own after the transaction?

Following the reported purchase, Daly directly owns 4,500,000 Butler National shares. The filing also lists 4,360,000 additional shares held indirectly through EssigPR, Inc., indicating a very large overall economic interest in the company’s Common Stock.

Is Joseph Patrick Daly a major shareholder of Butler National (BUKS)?

Yes. The filing identifies Daly as both a director and a more than 10% owner of Butler National. He directly holds 4,500,000 shares and reports a further 4,360,000 shares indirectly via EssigPR, Inc., underscoring his significant stake.

What is EssigPR, Inc.’s role in Joseph Patrick Daly’s Butler National (BUKS) holdings?

EssigPR, Inc. is listed as the entity through which Daly holds 4,360,000 Butler National shares indirectly. This entry reflects indirect ownership rather than a new transaction, complementing his separate direct holding of 4,500,000 shares reported after the purchase.