Butler National (BUKS) 10% Owner Veradace Partners Buys Stock

What Happened Veradace Partners LP (a reported 10% owner), with Veradace Capital Management as its investment manager, purchased a total of 55,000 shares of Butler National Corp (BUKS) in two transactions. On 2026-09-14 it acquired 40,000 shares at $4.09 each ($163,600) and on 2026-09-15 it acquired 15,000 shares at $3.91 each ($58,650). Both transactions are coded "P" (purchase), representing open-market or private purchases — net cash outlay about $222,250. Purchases are generally viewed as a bullish signal (buying), though no motive is stated.

Key Details

• Transaction dates and prices: 2026-09-14 — 40,000 shares @ $4.09 ($163,600); 2026-09-15 — 15,000 shares @ $3.91 ($58,650).
• Total shares acquired: 55,000; approximate total value: $222,250.
• Filing: Form 4 filed 2026-09-16 by Veradace Partners LP and Veradace Capital Management (investment manager).
• Shares owned after transaction: not specified in the provided filing.
• Transaction code: P = Purchase (open market or private purchase as indicated).
• Timeliness: Filed within the usual two-business-day window (appears timely).

Context This activity is by a 10% institutional owner and its manager, not an individual company executive — institutional buys reflect investment decisions by the fund. The filing is informational; it does not explain the fund’s strategy or intent.