Butler National BUKS Insider Ownership

OTC BUKS

$4.92 -0.13 (-2.57%)

At close: Nov 6, 2026 · 4:00 PM EST

Insider Holdings by Owner

26.93Mn Shares

Partners Lp Veradace7.57Mn28.1%

Capital, Lp Zeff7.29Mn27.1%

Joseph Patrick Daly4.57Mn16.9%

David B Hayden1.68Mn6.2%

Christopher J Reedy1.05Mn3.9%

Other insiders (9)4.79Mn17.8%

Insider Ownership Statistics

as of 30 Sep, 2026

Insider Ownership

35.32%

▲+0.674% pp QoQ

Shares Held by Insiders

22.56Mn

filed for Sep 2026

▲+0.21% QoQ

Shares Outstanding

63.86Mn

63,862,647 shares

Direct Holdings

15.49Mn

Indirect: 7.07Mn

Net Open-Market Trades

+60.61K

net bought · $227.83K in Sep 2026

Insiders Holding Shares

with Form 4 holdings on file

Shares Owned by Insiders

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Open-Market Insider Trades

Bought Sold

Latest quarter —

Net over range —

Net-buying quarters —

Insider Ownership Summary

Updated Oct 16, 2026

Across the past 12 months, open-market trades by Butler National insiders totaled $378,410 in purchases (96.8K shares) and $807,271 in sales (208.77K shares).

Butler National's open-market purchases in the past 12 months came from 3 insiders, and its sales from one insider.
Among BUKS's insiders, Joseph Patrick Daly (Director and 10% owner) was the top open-market buyer in the past 12 months, with $288,889 of stock purchased (71.15K shares) and the latest purchase on October 2, 2026.
On the selling side, Zeff Capital, LP (10% owner) was the top open-market seller of Butler National over the past 12 months, with $807,271 sold (208.77K shares) and the latest sale on October 15, 2026.
Beyond open-market trades, insiders at Butler National received 34.08K shares in stock awards and gave up 7.62K shares to cover taxes or exercise prices in the last 12 months.
Per Business Quant data, Butler National insiders hold 22.52Mn shares in total based on their latest Form 4 filings, or 35.26% of the 63.86Mn shares outstanding; that total is up 0.06% from 22.51Mn shares at the end of Q2 2026.
Direct holdings account for 15.45Mn shares (68.63%) of BUKS's insider total, and indirect holdings through trusts, partnerships and family members for 7.07Mn shares (31.37%).
Business Quant counts 10 insiders with holdings in Butler National stock, among the officers, directors and 10% owners who have filed a Form 4 in the past two years.
BUKS's largest insider holders by reported holdings are Joseph Patrick Daly (Director and 10% owner, 8.93Mn shares), Zeff Capital, LP (10% owner, 7.29Mn shares) and Christopher J. Reedy (CEO and President, 2.45Mn shares).
Joseph Patrick Daly alone accounts for 39.63% of the shares held by Butler National insiders.
In the past year, 8 insiders of Butler National submitted 34 Form 4 filings reporting trades, awards or other transactions.
The insider holdings and trades above for Butler National reflect Form 4 filings through October 15, 2026.

Form 4 Holdings

Insiders Holding BUKS

Insiders 14

Shares held 26.93Mn

Of outstanding 42.18%

#	Insider	Position	Direct	Indirect	Total	Share of Insiders	Last Filed
1	Partners Lp Veradace	TenPercentOwner	7,565,112	0	7,565,112	28.1%	16 Sep, 2026
2	Capital, Lp Zeff	TenPercentOwner	7,291,234	0	7,291,234	27.1%	15 Oct, 2026
3	Joseph Patrick Daly	Director, TenPercentOwner	4,565,000	0	4,565,000	16.9%	02 Oct, 2026
4	David B Hayden	Director	1,675,354	0	1,675,354	6.2%	09 Jul, 2025
5	Christopher J Reedy	Ceo And President	1,045,099	0	1,045,099	3.9%	12 Jan, 2026
6	Craig D Stewart	President Aerospace	0	1,029,099	1,029,099	3.8%	02 May, 2022
7	John M. Edgar	Director	1,002,004	0	1,002,004	3.7%	21 Mar, 2025
8	Clark D Stewart	President Ceo	0	846,885	846,885	3.1%	03 May, 2023
9	Tad Mitchell Mcmahon	Chief Financial Officer	0	839,433	839,433	3.1%	02 May, 2023
10	Joe Aric Peters	Vice President	623,670	0	623,670	2.3%	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.

Form 4 Filings

393 Insider Transactions

Source SEC Form 4

Latest quarter Sep 2026

Date	Insider	Position	Transaction	Shares	Price	Value	Shares Held After	Ownership
13 Oct, 2026	Capital, Lp Zeff	TenPercentOwner	Disposed S	10,303	$4.68	$48.22K	7,331,034	Direct
14 Oct, 2026	Capital, Lp Zeff	TenPercentOwner	Disposed S	5,000	$4.80	$24.00K	7,326,034	Direct
15 Oct, 2026	Capital, Lp Zeff	TenPercentOwner	Disposed S	34,800	$4.72	$164.26K	7,291,234	Direct
01 Oct, 2026	Joseph Patrick Daly	Director, TenPercentOwner	Acquired P	1,810	$4.04	$7.31K	4,551,810	Direct
02 Oct, 2026	Joseph Patrick Daly	Director, TenPercentOwner	Acquired P	3,190	$4.13	$13.17K	4,555,000	Direct
02 Oct, 2026	Joseph Patrick Daly	Director, TenPercentOwner	Acquired P	10,000	$4.09	$40.90K	4,565,000	Direct
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	Julie Marie Bowen	Director	Acquired A	3,197	$3.91	$12.50K	29,932	Direct
21 Sep, 2026	Joseph Patrick Daly	Director, TenPercentOwner	Acquired P	4,000	$4.10	$16.40K	4,540,500	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
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
14 Sep, 2026	Partners Lp Veradace	TenPercentOwner	Acquired P	40,000	$4.09	$163.60K	7,550,112	Direct
15 Sep, 2026	Michael Anthony Loh	Director	Acquired P	10,000	$3.91	$39.10K	154,129	Direct
15 Sep, 2026	Partners Lp Veradace	TenPercentOwner	Acquired P	15,000	$3.91	$58.65K	7,565,112	Direct
22 Jul, 2026	Adam Brett Sefchick	Chief Financial Officer	Acquired A	20,222	$4.95	$100.00K	66,301	Direct

Showing 1 to 20 of 393 transactions