Butler National's three largest insider shareholders as of September 29, 2026 are Partners Lp Veradace (TenPercentOwner, 7.57Mn shares), Capital, Lp Zeff (TenPercentOwner, 7.34Mn shares), Joseph Patrick Daly (Director, 4.55Mn shares).
| # | Insider | Position | Direct | Indirect | Total | Share of Insiders | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Partners Lp Veradace | TenPercentOwner | 7,565,112 | 0 | 7,565,112 | 27.2% | 16 Sep, 2026 |
| 2 | Capital, Lp Zeff | TenPercentOwner | 7,341,337 | 0 | 7,341,337 | 26.4% | 14 Jul, 2026 |
| 3 | Joseph Patrick Daly | Director, TenPercentOwner | 4,550,000 | 0 | 4,550,000 | 16.4% | 22 Sep, 2026 |
| 4 | Clark D Stewart | President Ceo | 0 | 1,693,770 | 1,693,770 | 6.1% | 03 May, 2023 |
| 5 | David B Hayden | Director | 1,675,354 | 0 | 1,675,354 | 6.0% | 09 Jul, 2025 |
| 6 | Christopher J Reedy | Ceo And President | 1,045,099 | 0 | 1,045,099 | 3.8% | 12 Jan, 2026 |
| 7 | Craig D Stewart | President Aerospace | 0 | 1,029,099 | 1,029,099 | 3.7% | 02 May, 2022 |
| 8 | John M. Edgar | Director | 1,002,004 | 0 | 1,002,004 | 3.6% | 21 Mar, 2025 |
| 9 | Tad Mitchell Mcmahon | Chief Financial Officer | 0 | 839,433 | 839,433 | 3.0% | 02 May, 2023 |
| 10 | Joe Aric Peters | Vice President | 623,670 | 0 | 623,670 | 2.2% | 08 Jan, 2025 |
| 11 | Michael Anthony Loh | Director | 269,565 | 0 | 269,565 | 1.0% | 21 Sep, 2026 |
| 12 | Jeffrey David Yowell | Director | 87,818 | 0 | 87,818 | 0.3% | 21 Sep, 2026 |
| 13 | Adam Brett Sefchick | Chief Financial Officer | 64,323 | 0 | 64,323 | 0.2% | 24 Jul, 2026 |
| 14 | Julie Marie Bowen | Director | 29,932 | 0 | 29,932 | 0.1% | 21 Sep, 2026 |
Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.
| Date | Insider | Position | Transaction | Shares | Price | Value | Shares Held After | Ownership |
|---|---|---|---|---|---|---|---|---|
| 21 Sep, 2026 | Joseph Patrick Daly | Director, TenPercentOwner | Acquired A | 3,197 | $3.91 | $12.50K | 4,543,697 | Direct |
| 22 Sep, 2026 | Joseph Patrick Daly | Director, TenPercentOwner | Acquired P | 1,303 | $4.19 | $5.46K | 4,545,000 | Direct |
| 22 Sep, 2026 | Joseph Patrick Daly | Director, TenPercentOwner | Acquired P | 5,000 | $4.01 | $20.05K | 4,550,000 | Direct |
| 21 Sep, 2026 | Michael Anthony Loh | Director | Acquired A | 3,197 | $3.91 | $12.50K | 157,326 | Direct |
| 21 Sep, 2026 | Jeffrey David Yowell | Director | Acquired A | 3,197 | $3.91 | $12.50K | 87,818 | Direct |
| 21 Sep, 2026 | Joseph Patrick Daly | Director, TenPercentOwner | Acquired P | 4,000 | $4.10 | $16.40K | 4,540,500 | Direct |
| 21 Sep, 2026 | Julie Marie Bowen | Director | Acquired A | 3,197 | $3.91 | $12.50K | 29,932 | Direct |
| 15 Sep, 2026 | Joseph Patrick Daly | Director, TenPercentOwner | Acquired P | 96 | $3.90 | $374 | 4,535,096 | Direct |
| 15 Sep, 2026 | Joseph Patrick Daly | Director, TenPercentOwner | Acquired P | 404 | $3.91 | $1.58K | 4,535,500 | Direct |
| 15 Sep, 2026 | Joseph Patrick Daly | Director, TenPercentOwner | Acquired P | 1,000 | $4.04 | $4.04K | 4,536,500 | Direct |
| 22 Jul, 2026 | Adam Brett Sefchick | Chief Financial Officer | Acquired A | 20,222 | $4.95 | $100.00K | 66,301 | Direct |
| 22 Jul, 2026 | Adam Brett Sefchick | Chief Financial Officer | Disposed F | 1,978 | $4.95 | $9.78K | 64,323 | Direct |
| 14 Jul, 2026 | Julie Marie Bowen | Director | Acquired A | 2,874 | $4.35 | $12.50K | 26,735 | Direct |
| 14 Jul, 2026 | Michael Anthony Loh | Director | Acquired A | 2,874 | $4.35 | $12.50K | 144,129 | Direct |
| 14 Jul, 2026 | Jeffrey David Yowell | Director | Acquired A | 2,874 | $4.35 | $12.50K | 84,621 | Direct |
| 14 Jul, 2026 | Joseph Patrick Daly | Director, TenPercentOwner | Acquired A | 2,874 | $4.35 | $12.50K | 4,532,874 | Direct |
| 14 Jul, 2026 | Joseph Patrick Daly | Director, TenPercentOwner | Acquired P | 2,126 | $4.66 | $9.91K | 4,535,000 | Direct |
| 10 Jul, 2026 | Capital, Lp Zeff | TenPercentOwner | Disposed S | 4,000 | $4.41 | $17.64K | 7,389,312 | Direct |
| 10 Jul, 2026 | Joseph Patrick Daly | Director, TenPercentOwner | Acquired P | 5,000 | $4.40 | $22.00K | 4,505,000 | Direct |
| 13 Jul, 2026 | Capital, Lp Zeff | TenPercentOwner | Disposed S | 11,050 | $4.46 | $49.28K | 7,378,262 | Direct |