Butler National (BUKS) director granted 2,874 shares at $4.35

Rhea-AI Filing Summary

Loh Michael Anthony reported acquisition or exercise transactions in this Form 4 filing.

Director Michael Anthony Loh of Butler National Corp received a compensation-related grant of 2,874 shares of Butler National Common Stock on July 14, 2026 at an implied value of $4.35 per share. After this award, he directly owns 144,129 shares of the company’s stock.

Insider Trade Summary

Net Buyer: 2,874 shares

Net Buy 1 txn

Insider Loh Michael Anthony

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Butler National Common Stock	2,874	$4.35	$13K

Holdings After Transaction: Butler National Common Stock — 144,129 shares (Direct)

Key Figures

Shares awarded: 2,874 shares Award price per share: $4.35 Shares owned after award: 144,129 shares +1 more

4 metrics

Shares awarded 2,874 shares Butler National Common Stock granted to director on July 14, 2026

Award price per share $4.35 Implied value per share for Michael Anthony Loh’s stock grant

Shares owned after award 144,129 shares Director’s direct Butler National Common Stock holdings following the transaction

Acquisition transactions reported 1 Number of acquisition-type insider transactions in this report

Key Terms

Butler National Common Stock, Grant, award, or other acquisition, transaction code

3 terms

Butler National Common Stock financial

"security_title: "Butler National Common Stock""

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

transaction code financial

"transaction_code_description: "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/16/2026 - 07:05 PM Accepted by SEC EDGAR 07/16/2026 - 07:05 PM Learn about SEC filing dates

FAQ

What insider transaction did Butler National (BUKS) director Michael Anthony Loh report?

Director Michael Anthony Loh reported a grant of 2,874 shares of Butler National Common Stock. The award was dated July 14, 2026 at an implied value of $4.35 per share, increasing his direct holdings to 144,129 shares.

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

The transaction was coded as a “Grant, award, or other acquisition” (code A), indicating a stock grant or similar compensation-related award. It was not reported as an open-market purchase or sale of Butler National Common Stock.

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

Following the reported award, director Michael Anthony Loh directly owns 144,129 shares of Butler National Common Stock. This figure reflects his direct ownership position immediately after receiving the 2,874-share grant on July 14, 2026.

What price per share was used for Michael Anthony Loh’s Butler National (BUKS) stock award?

The reported grant to Michael Anthony Loh reflects an implied value of $4.35 per share for Butler National Common Stock. This price is used to describe the value of the 2,874-share compensation-related award he received.

What does transaction code A mean in Michael Anthony Loh’s Butler National (BUKS) insider report?

Transaction code A in the insider report is described as a “Grant, award, or other acquisition”. For Butler National, this indicates that Michael Anthony Loh acquired 2,874 shares through a compensation-related stock award rather than by buying shares on the open market.

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 COLORADO 80126

(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)
07/14/2026

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	07/14/2026		A		2,874	A	$4.35	144,129	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	07/16/2026
	** 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)