Butler National (BUKS) director purchases 8,000 shares in trade

Rhea-AI Filing Summary

Butler National director Michael Anthony Loh reported buying additional company stock. On January 12, 2026, he acquired 8,000 shares of Butler National common stock at a price of $2.8695 per share. After this transaction, he beneficially owned 134,342 shares, held in direct ownership. The filing was made as a Form 4 by one reporting person in his capacity as a director of Butler National Corp. No derivative securities transactions were reported in this filing.

Insider Trade Summary

Net Buyer: 8,000 shares

Net Buy 1 txn

Insider Loh Michael Anthony

Role Director

Bought 8,000 shs ($23K)

Type	Security	Shares	Price	Value
Purchase	Butler National Common Stock	8,000	$2.8695	$23K

Holdings After Transaction: Butler National Common Stock — 134,342 shares (Direct)

FAQ

What insider transaction did Butler National (BUKS) report on this Form 4?

The Form 4 reports that director Michael Anthony Loh acquired 8,000 shares of Butler National common stock on January 12, 2026, in a non-derivative equity transaction.

At what price did the Butler National (BUKS) director buy shares?

Michael Anthony Loh bought 8,000 Butler National common shares at a price of $2.8695 per share on January 12, 2026.

How many Butler National (BUKS) shares does Michael Anthony Loh own after this trade?

Following the reported purchase, Michael Anthony Loh beneficially owned 134,342 shares of Butler National common stock in direct ownership.

What is Michael Anthony Loh’s relationship to Butler National (BUKS)?

Michael Anthony Loh is listed as a director of Butler National Corp on the Form 4. He is not identified as an officer or 10% owner in this filing.

Were any derivative securities reported in this Butler National (BUKS) Form 4?

No. The Form 4 shows activity only in non-derivative Butler National common stock, and the table for derivative securities does not report any transactions.

Is the reported Butler National (BUKS) ownership held directly or indirectly?

The Form 4 indicates that the 134,342 shares of Butler National common stock following the transaction are held in direct (D) ownership by Michael Anthony Loh.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/13/2026 - 10:43 AM 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^*

Loh Michael Anthony

(Last) (First) (Middle)

2655 HUNTSFORD PLACE

(Street)

HIGHLANDS RANCH CO 80126

(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)
01/12/2026

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	01/12/2026		P		8,000	A	$2.8695	134,342	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/ Michael A. Loh	01/13/2026
	** 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.