Butler National director gets 3,197-share grant

Director Jeffrey David Yowell received a stock grant as a director fee, modestly increasing his direct holdings in Butler National Corp.

Rhea-AI Filing Summary

BUTLER NATIONAL CORP (symbol: BUKS) is the issuer of record for a Form 4 filing submitted to the SEC. Yowell Jeffrey David reported acquisition or exercise transactions in this Form 4 filing.

BUTLER NATIONAL CORP (BUKS) reported that director Jeffrey David Yowell received a grant of 3,197 shares of Butler National Common Stock on September 21, 2026 as a Director Fee. The award is recorded at $3.91 per share, bringing his directly held stake to 87,818 shares. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Grant/Award: 3,197 shares

Grant/Award 1 txn

Insider Yowell Jeffrey David

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Butler National Common Stock F1	3,197	$3.91	$13K

Holdings After Transaction: Butler National Common Stock — 87,818 shares (Direct)

Footnotes (1)

1. F1. Director Fee

Key Figures

Shares granted: 3,197 shares Grant value per share: $3.91 per share Shares owned after transaction: 87,818 shares

3 metrics

Shares granted 3,197 shares Grant of Butler National Common Stock on September 21, 2026 as Director Fee

Grant value per share $3.91 per share Recorded value for the 3,197-share Director Fee grant

Shares owned after transaction 87,818 shares Direct Butler National Common Stock holdings of Jeffrey David Yowell after the grant

Key Terms

Director Fee, Butler National Common Stock, Form 4

3 terms

Director Fee financial

"Footnote describing the stock grant as Director Fee"

Butler National Common Stock financial

"Security title listed as Butler National Common Stock"

Form 4 regulatory

"Insider transaction reported on Form 4"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BUKS disclose for Jeffrey David Yowell?

The company reported that director Jeffrey David Yowell received a grant of 3,197 shares of Butler National Common Stock on September 21, 2026, recorded as a Director Fee rather than an open-market purchase.

How many BUKS shares did Jeffrey David Yowell acquire and at what value?

Jeffrey David Yowell acquired 3,197 shares of Butler National Common Stock at a recorded value of $3.91 per share, as part of his compensation categorized as a Director Fee.

What are Jeffrey David Yowell’s total BUKS holdings after this transaction?

After the reported grant, Jeffrey David Yowell directly holds 87,818 shares of Butler National Common Stock, according to the filing’s post-transaction ownership figure.

Was the BUKS insider stock grant made under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as being under a plan, so no Rule 10b5-1 trading plan is reported for this stock grant.

Is the recent BUKS insider transaction a market buy or compensation grant?

The transaction is identified with a grant code and footnoted as a Director Fee, indicating it is compensation in stock rather than an open-market purchase.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/21/2026 - 05:26 PM Accepted by SEC EDGAR 09/21/2026 - 05:26 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).

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)
09/21/2026

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	09/21/2026		A		3,197	A	$3.91	87,818(1)	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	09/21/2026
	** 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)