[Form 4] BUTLER NATIONAL CORP Insider Trading Activity

Rhea-AI Filing Summary

Joseph Patrick Daly reported two purchases of Butler National Corp (BUKS) common stock: 12,700 shares on 09/24/2025 and 5,561 shares on 09/25/2025, each at $1.80 per share. Following these acquisitions Daly directly beneficially owns 4,478,261 shares. He also reports an indirect ownership position of 4,350,000 shares through EssigPR, Inc.

Positive

• Insider purchases disclosed: 12,700 shares on 09/24/2025 and 5,561 shares on 09/25/2025 at $1.80 each
• Clear ownership totals reported: direct beneficial ownership of 4,478,261 shares after transactions
• Indirect holdings disclosed via EssigPR, Inc. of 4,350,000 shares
• Form is signed and includes required transaction details and codes

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider purchases totaling 18,261 shares at $1.80, increasing direct stake to 4.48M shares; indirect holdings via entity noted.

The Form 4 documents two open-market purchases on consecutive days at $1.80 per share, raising the reporting person's direct beneficial ownership to 4,478,261 shares. The filing also discloses a substantial indirect holding of 4,350,000 shares through EssigPR, Inc. This is a routine Section 16 disclosure showing insider accumulation and compliance with reporting rules. No derivative transactions or dispositions are reported.

Corporate Governance Expert

TL;DR: Director and 10% owner disclosed purchases and indirect holdings; filing appears complete and properly signed.

The reporting person is identified as both a Director and a 10% owner. The Form 4 includes transaction dates, codes, share amounts, price, and resulting ownership totals, and bears the reporting person's signature dated 09/25/2025. The disclosure of indirect ownership through EssigPR, Inc. is explicit. There are no amendments or additional explanatory notes included.

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).

1. Name and Address of Reporting Person^*

Daly Joseph Patrick

(Last) (First) (Middle)

497 CIRCLE FREEWAY

(Street)

CINCINNATI OH 45246

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

3. Date of Earliest Transaction (Month/Day/Year)
09/24/2025

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
Common Stock	09/24/2025		P		12,700	A	$1.8	4,472,700	D
Common Stock	09/25/2025		P		5,561	A	$1.8	4,478,261	D
Common Stock								4,350,000	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	09/25/2025
	** 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 transactions did the Form 4 for BUKS report?

The Form 4 reports two open-market purchases: 12,700 shares on 09/24/2025 and 5,561 shares on 09/25/2025, each at $1.80 per share.

How many BUKS shares does Joseph P. Daly directly own after the transactions?

After the reported purchases Daly directly beneficially owns 4,478,261 shares.

Does the filing disclose any indirect ownership for the reporting person?

Yes. The filing discloses an indirect ownership position of 4,350,000 shares through EssigPR, Inc.

Were any derivative transactions reported in this Form 4 for BUKS?

No. Table II for derivative securities contains no reported transactions or holdings.

Is the Form 4 properly executed and dated?

Yes. The Form is signed by Joseph Patrick Daly and dated 09/25/2025.