Director at Butler National (BUKS) receives 3,255-share stock grant

Rhea-AI Filing Summary

Butler National Corp director Michael Anthony Loh received a stock grant of 3,255 common shares of Butler National Common Stock. The shares were awarded on March 17, 2026 at a reported price of $3.84 per share as a grant, award, or other acquisition.

After this award, Loh directly owns 137,597 Butler National Common Stock shares. This filing reflects a compensation-related share grant rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Loh Michael Anthony

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Butler National Common Stock	3,255	$3.84	$12K

Holdings After Transaction: Butler National Common Stock — 137,597 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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)
03/17/2026

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	03/17/2026		A		3,255	A	$3.84	137,597	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	03/18/2026
	** 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 insider transaction did Butler National (BUKS) report for Michael Anthony Loh?

Butler National reported that director Michael Anthony Loh received 3,255 shares of Butler National Common Stock as a grant or award on March 17, 2026, rather than through an open-market purchase or sale, according to a Form 4 insider filing.

How many Butler National (BUKS) shares does Michael Anthony Loh own after this Form 4?

After the March 17, 2026 stock grant, Michael Anthony Loh directly owns 137,597 shares of Butler National Common Stock. This total reflects his holdings immediately following the reported award transaction in the Form 4 filing.

Was the Butler National (BUKS) insider transaction a buy or a grant?

The Butler National transaction was a grant or award acquisition, not an open-market buy. The Form 4 uses transaction code A, indicating a grant, award, or other acquisition of 3,255 common shares at a reported price of $3.84 per share.

What price per share is associated with Michael Anthony Loh’s Butler National stock grant?

The Form 4 lists a transaction price of $3.84 per share for Michael Anthony Loh’s 3,255-share Butler National Common Stock grant on March 17, 2026, providing a reference valuation for the compensation-related award reported.

Does the Butler National (BUKS) Form 4 show any stock sales by Michael Anthony Loh?

The Form 4 does not report any stock sales by Michael Anthony Loh. It shows a single acquisition transaction coded A, representing a grant, award, or other acquisition of 3,255 Butler National Common Stock shares, with no dispositions listed.

Is Michael Anthony Loh’s ownership in Butler National direct or indirect in this filing?

Michael Anthony Loh’s ownership is reported as direct in this filing. The Form 4 marks the 137,597 Butler National Common Stock shares as directly held, with no indirect ownership entities or special nature-of-ownership descriptions disclosed.