Butler National holder buys 55K shares in market

A ten percent owner of BUKS reported open‑market purchases totaling 55,000 shares over two days in mid‑September 2026.

Rhea-AI Filing Summary

BUTLER NATIONAL CORP (BUKS) had Veradace Partners LP, a ten percent owner, report open‑market purchases of its securities. On September 14, 2026 the fund bought 40,000 shares at $4.09 per share and on September 15, 2026 bought 15,000 shares at $3.91 per share. No Rule 10b5‑1 trading plan is reported.

Insider Trade Summary

Net Buyer: 55,000 shares

Net Buy 2 txns

Insider Veradace Partners LP, Veradace Capital Management LLC

Role 10% Owner | 10% Owner

Bought 55,000 shs ($222K)

Type	Security	Shares	Price	Value
Purchase	BUTLER NATIONAL CORP	15,000	$3.91	$59K
Purchase	BUTLER NATIONAL CORP	40,000	$4.09	$164K

Holdings After Transaction: BUTLER NATIONAL CORP — 7,565,112 shares (Direct)

Key Figures

Shares purchased September 14, 2026: 40,000 shares Price per share September 14, 2026: $4.09 per share Shares purchased September 15, 2026: 15,000 shares +2 more

5 metrics

Shares purchased September 14, 2026 40,000 shares Open‑market purchase of Butler National Corp securities

Price per share September 14, 2026 $4.09 per share Open‑market purchase of 40,000 shares

Shares purchased September 15, 2026 15,000 shares Open‑market purchase of Butler National Corp securities

Price per share September 15, 2026 $3.91 per share Open‑market purchase of 15,000 shares

Total shares purchased 55,000 shares Sum of reported purchases on September 14 and 15, 2026

Key Terms

ten percent owner, open market or private transaction, Rule 10b5-1

3 terms

ten percent owner regulatory

"Veradace Partners LP and Veradace Capital Management LLC are each listed as a ten percent owner"

open market or private transaction financial

"The transaction code description states Purchase in open market or private transaction"

Rule 10b5-1 regulatory

"The Rule 10b5-1 checkbox is not selected for these transactions"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

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

What insider activity did BUKS report in this Form 4?

The filing reports that Veradace Partners LP, a ten percent owner, purchased a total of 55,000 BUKS shares in open‑market transactions on September 14 and 15, 2026 at per‑share prices of $4.09 and $3.91, respectively.

Who are the reporting persons in the BUKS Form 4 filing?

The reporting persons are Veradace Partners LP, a Delaware limited partnership and ten percent owner, and Veradace Capital Management LLC, a Delaware limited liability company that serves as investment manager to the fund and is also listed as a ten percent owner.

How many BUKS shares were bought on each transaction date?

On September 14, 2026, Veradace Partners LP purchased 40,000 shares at $4.09 per share. On September 15, 2026, it purchased an additional 15,000 shares at $3.91 per share, for a combined total of 55,000 shares bought.

Were the BUKS insider purchases made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5‑1 checkbox as not checked, and there is no footnote stating that these BUKS transactions were made pursuant to a Rule 10b5‑1 or other pre‑arranged trading plan.

Does the Form 4 show Veradace’s total BUKS holdings after these trades?

No. For each reported transaction, the Form 4 leaves the field for total shares following the transaction blank, so the filing does not state Veradace’s aggregate BUKS holdings after these purchases.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/16/2026 - 05:36 PM Accepted by SEC EDGAR 09/16/2026 - 05:35 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^*

Veradace Partners LP

(Last) (First) (Middle)

3889 MAPLE AVE

SUITE 220

(Street)

DALLAS TEXAS 75219

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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 CORP	09/14/2026		P		40,000	A	$4.09	7,550,112	D
BUTLER NATIONAL CORP	09/15/2026		P		15,000	A	$3.91	7,565,112	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

1. Name and Address of Reporting Person^*

Veradace Partners LP

(Last) (First) (Middle)

3889 MAPLE AVE

SUITE 220

(Street)

DALLAS TEXAS 75219

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Veradace Capital Management LLC

(Last) (First) (Middle)

3889 MAPLE AVE

SUITE 220

(Street)

DALLAS TEXAS 75219

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

Remarks:

This Form 4 is being filed by Veradace Partners, LP, a Delaware limited partnership ("Veradace Partners" or the "Fund"), and Veradace Capital Management, LLC, a Delaware limited liability company ("Veradace Capital Management"), investment manager to the Fund.

	/s/ Alex Vezendan	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)