Director Michael Loh adds 3,658 Butler National Corp (BUKS) shares

Rhea-AI Filing Summary

Butler National Corp director Michael Anthony Loh completed an open-market purchase of 3,658 shares of Butler National common stock at $4.34 per share on July 10, 2026. Following this transaction, he directly owns 141,255 shares of the company.

Filing Explained

The filing changes the reported director holding to 141,255 direct shares; it does not disclose an issuer-level issuance or share-structure change.

The 2026-07-13 Form 4 reports that Michael A. Loh, a director of Butler National, purchased Butler National common stock on 2026-07-10: 3,658 shares at $4.34, with 141,255 shares reported as directly owned afterward. The filing reports a transaction by the director and does not report an issuer transaction or a change to the company's share structure.

The supplied Form 4 guidance defines Form 4 as reporting an insider transaction within two business days and code P as an open-market purchase; no Rule 10b5-1 plan is disclosed in this filing.

The supplied 90-day insider record lists one transaction for Loh: this 3,658-share purchase, with zero shares sold in the record.

Insider Trade Summary

Net Buyer: 3,658 shares

Net Buy 1 txn

Insider Loh Michael Anthony

Role Director

Bought 3,658 shs ($16K)

Type	Security	Shares	Price	Value
Purchase	Butler National Common Stock	3,658	$4.34	$16K

Holdings After Transaction: Butler National Common Stock — 141,255 shares (Direct)

Key Figures

Shares purchased: 3,658 shares Purchase price: $4.34 per share Total shares after transaction: 141,255 shares +2 more

5 metrics

Shares purchased 3,658 shares Open-market purchase on July 10, 2026

Purchase price $4.34 per share Price paid for Butler National common stock in the reported trade

Total shares after transaction 141,255 shares Direct holdings of Michael Anthony Loh following the purchase

Net buy shares 3,658 shares Net change in non-derivative holdings reported in this Form 4

Buy transactions count 1 Number of buy transactions reported in the transaction summary

Key Terms

open-market purchase, non-derivative, direct ownership

3 terms

open-market purchase financial

"The transaction_action field describes an open-market purchase of shares"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

non-derivative financial

"The transaction_type is reported as non-derivative common stock"

direct ownership financial

"The ownership_type field indicates direct ownership of the shares"

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

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Available on EDGAR 07/13/2026 - 06:17 PM Accepted by SEC EDGAR 07/13/2026 - 06:17 PM Learn about SEC filing dates

FAQ

What insider transaction did Butler National Corp (BUKS) report?

Director Michael Anthony Loh reported an open-market purchase of 3,658 shares of Butler National common stock. The transaction was recorded as a non-derivative buy, increasing his directly held stake in the company.

How many Butler National (BUKS) shares did Michael Anthony Loh buy and at what price?

Michael Anthony Loh bought 3,658 shares of Butler National common stock at $4.34 per share. This was an open-market purchase classified as a non-derivative transaction, according to the Form 4 data.

What are Michael Anthony Loh’s total Butler National (BUKS) holdings after the transaction?

After the reported purchase, Michael Anthony Loh directly holds 141,255 shares of Butler National common stock. This figure reflects his position immediately following the 3,658-share open-market buy on July 10, 2026.

Was the Butler National (BUKS) Form 4 transaction a buy or a sell?

The Form 4 shows a buy transaction. Director Michael Anthony Loh executed an open-market purchase of 3,658 Butler National common shares, with no corresponding sales or derivative exercises reported in this filing.

Did the Butler National (BUKS) Form 4 include any derivative securities?

No derivative securities were reported in this Form 4. The filing lists a single non-derivative transaction: an open-market purchase of 3,658 shares of Butler National common stock held directly by Michael Anthony Loh.

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)
07/10/2026

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	07/10/2026		P		3,658	A	$4.34	141,255	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	07/13/2026
	** 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.
* Form 4: SEC 1474 (03-26)