Butler National director adds to BUKS stake

Butler National Corp director and 10% owner Joseph Patrick Daly reported adding to his stake in company common stock.

Rhea-AI Filing Summary

Butler National Corp director and 10% owner Joseph Patrick Daly reported adding to his stake in company common stock. He made an open-market purchase of 745 shares at $3.93 per share on March 19, 2026 and received a grant or award of 3,255 shares at $3.84 per share on March 17, 2026.

After these transactions, his directly held position reported in this filing is 4,499,000 common shares. He also reports indirect ownership of 4,360,000 shares held through EssigPR, Inc. The net activity in this filing reflects a small, routine increase relative to his multi-million-share holdings.

Insider Trade Summary

Net Buyer: 745 shares

Net Buy 3 txns

Insider Daly Joseph Patrick

Role Director, 10% Owner

Bought 745 shs ($3K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	745	$3.93	$3K
Grant/Award	Common Stock	3,255	$3.84	$12K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 4,499,000 shares (Direct); Common Stock — 4,360,000 shares (Indirect, EssigPR, Inc.)

FAQ

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

What insider transactions did Joseph Patrick Daly report for Butler National (BUKS)?

Joseph Patrick Daly reported two acquisitions of Butler National common stock. He bought 745 shares in an open-market purchase at $3.93 per share and received a grant or award of 3,255 shares at $3.84 per share, both in March 2026.

How many Butler National (BUKS) shares does Daly hold after these transactions?

After the reported transactions, Daly directly holds 4,499,000 Butler National common shares. The filing also shows indirect ownership of 4,360,000 shares through EssigPR, Inc., giving him a sizable overall position based on the holdings disclosed in this report.

Were Daly’s Butler National (BUKS) transactions open-market buys or compensation grants?

The Form 4 shows one open-market purchase and one compensation-related acquisition. Daly bought 745 shares at $3.93 per share in the market and separately received 3,255 shares as a grant or award at a stated value of $3.84 per share.

Does Daly have indirect ownership of Butler National (BUKS) shares?

Yes. In addition to his direct holdings, Daly reports indirect ownership of 4,360,000 Butler National common shares through EssigPR, Inc. This entry reflects a holding, not a new transaction, and indicates a substantial indirect interest associated with the reporting person.

Is the size of Daly’s recent Butler National (BUKS) purchase significant relative to his stake?

The open-market purchase of 745 shares is small relative to his reported 4,499,000 directly held shares. Within this filing, the transactions appear as routine additions to an already large position rather than a major change in his ownership profile.

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

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Accepted by SEC EDGAR 03/19/2026 - 12:31 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^*

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)
03/17/2026

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	03/17/2026		A		3,255	A	$3.84	4,498,255	D
Common Stock	03/19/2026		P		745	A	$3.93	4,499,000	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	03/19/2026
	** 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)