Butler National (BUKS) 10% Owner Daly Joseph Patrick Buys 4,000 Shares

What Happened

• Daly Joseph Patrick, listed as a 10% owner of Butler National Corp (BUKS), reported a purchase of 4,000 shares on 2026-09-21. The shares were acquired at $4.10 per share for a total reported value of $16,400. This was a purchase (Form 4 code P), which is generally seen as a net accumulation of stock rather than a sale.

Key Details

• Transaction date and price: 2026-09-21, purchase at $4.10 per share.
• Shares purchased: 4,000; total transaction value: $16,400.
• Transaction type: Purchase (code P); filing notes "open market or private purchase."
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing timeliness: Form 4 filed with period/report date 2026-09-21; no late filing indicated in the provided data.
• Insider status: Daly is a 10% owner (not presented as an executive); different from routine officer trades.

Context

• This is a small-dollar purchase ($16.4k) relative to typical institutional trades; purchases can be more informative than sales but do not by themselves prove a change in company prospects. Because Daly is a 10% owner, the trade is subject to Section 16 reporting rules but should be interpreted as an ownership change by a large holder rather than an executive compensation action. No options exercises, awards, gifts, or tax-withholding events were reported in the provided transaction.