Butler National director buys 10K shares at $3.91

A Butler National Corp director increased his direct holdings with a 10,000-share open-market purchase, made outside any Rule 10b5-1 trading plan.

Rhea-AI Filing Summary

BUTLER NATIONAL CORP (BUKS) director Michael Anthony Loh purchased 10,000 shares of Butler National common stock in an open-market or private transaction on September 15, 2026 at $3.91 per share. Following this purchase, he directly holds a total of 154,129 shares, and no Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Net Buyer: 10,000 shares

Net Buy 1 txn

Insider Loh Michael Anthony

Role Director

Bought 10,000 shs ($39K)

Type	Security	Shares	Price	Value
Purchase	Butler National Common Stock	10,000	$3.91	$39K

Holdings After Transaction: Butler National Common Stock — 154,129 shares (Direct)

Key Figures

Shares purchased: 10,000 shares Purchase price per share: $3.91 per share Total direct holdings after transaction: 154,129 shares +1 more

4 metrics

Shares purchased 10,000 shares Open-market or private purchase on September 15, 2026 by a director

Purchase price per share $3.91 per share Price paid for 10,000 Butler National common shares on September 15, 2026

Total direct holdings after transaction 154,129 shares Director’s direct ownership of Butler National common stock after the purchase

Net shares bought in filing 10,000 shares Net effect of all reported transactions in this Form 4

FAQ

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

What insider transaction did BUKS report for Michael Anthony Loh?

Michael Anthony Loh, a director of BUTLER NATIONAL CORP (BUKS), purchased 10,000 shares of Butler National common stock on September 15, 2026 in an open-market or private transaction at $3.91 per share.

How many BUKS shares does Michael Anthony Loh own after this transaction?

After the September 15, 2026 purchase, Michael Anthony Loh directly owns 154,129 shares of Butler National common stock, according to the Form 4 filing.

Was the recent BUKS insider purchase made under a Rule 10b5-1 trading plan?

No. The Form 4 filing for BUTLER NATIONAL CORP (BUKS) indicates that the transaction by director Michael Anthony Loh was not made pursuant to a Rule 10b5-1 trading plan.

What price did the BUKS director pay per share in the latest insider purchase?

Director Michael Anthony Loh paid $3.91 per share for 10,000 shares of Butler National common stock on September 15, 2026, as reported in the Form 4.

Is Michael Anthony Loh’s ownership in BUKS direct or indirect?

The Form 4 reports that Michael Anthony Loh’s 154,129 shares of Butler National common stock are held as direct ownership following the September 15, 2026 purchase.

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

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Available on EDGAR 09/16/2026 - 07:03 PM Accepted by SEC EDGAR 09/16/2026 - 07:02 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^*

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)
09/15/2026

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	09/15/2026		P		10,000	A	$3.91	154,129	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	09/16/2026
	** 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)