Butler National (BUKS) CFO has 5,645 shares withheld to cover tax on vesting

Rhea-AI Filing Summary

Butler National Corp Chief Financial Officer Adam Brett Sefchick reported a tax-related share disposition. On May 1, 2026, 5,645 shares of Butler National common stock were withheld at $4.075 per share to satisfy tax obligations tied to the vesting of 17,241 restricted shares. After this withholding, he directly holds 46,079 shares of common stock. This was a tax-withholding transaction, not an open-market sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sefchick Adam Brett

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Butler National Common Stock	5,645	$4.075	$23K

Holdings After Transaction: Butler National Common Stock — 46,079 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Tax-withheld shares: 5,645 shares Withholding price: $4.075 per share Shares after transaction: 46,079 shares +2 more

5 metrics

Tax-withheld shares 5,645 shares Shares withheld to satisfy tax obligations on May 1, 2026

Withholding price $4.075 per share Price per share for 5,645 tax-withheld shares

Shares after transaction 46,079 shares Directly held Butler National common shares following the withholding

Vested restricted shares 17,241 shares Restricted stock vesting that triggered tax withholding

Transaction date May 1, 2026 Date of tax-withholding disposition transaction

Key Terms

restricted stock award, tax withholding obligations, Form 4, Chief Financial Officer, +1 more

5 terms

restricted stock award financial

"in connection with a restricted stock award granted on May 15, 2025"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

tax withholding obligations financial

"which were withheld by the issuer to satisfy tax withholding obligations"

Form 4 regulatory

"Represents shares previously reported on Form 4 in connection with a restricted stock award"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Chief Financial Officer financial

"officer_title": "Chief Financial Officer""

A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/22/2026 - 11:12 AM Accepted by SEC EDGAR 06/22/2026 - 11:12 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^*

Sefchick Adam Brett

(Last) (First) (Middle)

ONE AERO PLAZA

(Street)

NEW CENTURY KANSAS 66031

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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	05/01/2026		F		5,645	D	$4.075(1)	46,079	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:

1. Represents shares previously reported on Form 4 in connection with a restricted stock award granted on May 15, 2025, which were withheld by the issuer to satisfy tax withholding obligations arising from the vesting of 17,241 shares.

Remarks:

	/s/ Adam Sefchick	06/19/2026
	** 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)

FAQ

What did Butler National (BUKS) CFO Adam Brett Sefchick report in this Form 4?

He reported a tax-related share withholding, not an open-market trade. On May 1, 2026, 5,645 Butler National common shares were withheld to cover taxes from a restricted stock vesting, leaving him with 46,079 directly held shares.

How many Butler National (BUKS) shares were withheld for taxes in this filing?

The filing shows 5,645 Butler National common shares were withheld. These shares came from a previously granted restricted stock award and were used to satisfy tax withholding obligations triggered when 17,241 restricted shares vested.

What is Adam Brett Sefchick’s Butler National (BUKS) shareholding after this transaction?

After the tax-withholding disposition, he directly holds 46,079 Butler National common shares. This figure reflects his remaining position following the withholding of 5,645 shares to cover tax obligations on a restricted stock award vesting.

Was this Butler National (BUKS) Form 4 an open-market sale by the CFO?

No, the transaction was not an open-market sale. It was coded as an F transaction, meaning shares were delivered back to the issuer to pay tax liabilities arising from the vesting of a prior restricted stock award.

What restricted stock award is referenced in the Butler National (BUKS) Form 4 footnote?

The footnote refers to a restricted stock award previously reported on Form 4 and granted on May 15, 2025. From that 17,241-share award, 5,645 shares were withheld by the issuer to satisfy tax withholding obligations at vesting.