Vault-13

BUTLER NATIONAL CORP BUKS

COM · Common Stock · CUSIP 123720104

2 institutional holders +1 vs Q1 2026
1,507,9981.5m shares reported held*
2.4% of all shares outstanding*
$6.3mreported value*
1 new 1 added 0 reduced 0 sold out net bought ≈ $637.7k (+152.9k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 63.9m as of 2026-06-26, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $4.17.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

012Q3 22: 1Q4 22: 1Q1 23: 1Q2 23: 1Q3 23: 1Q4 23: 0Q1 24: 0Q2 24: 2Q3 24: 0Q4 24: 0Q1 25: 0Q2 25: 0Q3 25: 2Q4 25: 1Q1 26: 1Q2 26: 22Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 20221
Q4 20221
Q1 20231
Q2 20231
Q3 20231
Q4 20230
Q1 20240
Q2 20242
Q3 20240
Q4 20240
Q1 20250
Q2 20250
Q3 20252
Q4 20251
Q1 20261
Q2 20262

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
202Q1 23: 0 bought or addedQ1 23: 0 cut or sold outQ2 23: 1 bought or addedQ2 23: 0 cut or sold outQ2 23Q3 23: 0 bought or addedQ3 23: 0 cut or sold outQ4 23: 0 bought or addedQ4 23: 1 cut or sold outQ4 23Q3 24: 0 bought or addedQ3 24: 2 cut or sold outQ4 25: 1 bought or addedQ4 25: 1 cut or sold outQ4 25Q1 26: 1 bought or addedQ1 26: 0 cut or sold outQ2 26: 2 bought or addedQ2 26: 0 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 202300
Q2 202310
Q3 202300
Q4 202301
Q3 202402
Q4 202511
Q1 202610
Q2 202620

Biggest buyers

WESBANCO BANK INC New +86,887+86.9k
Mink Brook Asset Management LLC Added +66,045+66.0k

Biggest sellers

None

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Daly Joseph Patrick 13D · may seek influence +0.6 pts · filed 2025-09-24
Stated purposeThe Reporting Persons purchased the Shares for investment purposes. The Reporting Persons are continuing to review the performance of their investment and their investment alternatives. As part of their ongoing review of their investment in the Shares, the Reporting Persons may explore from time to time a variety of alternatives, including the acquisition of additional securities of the Issuer or the disposition of securities of the Issuer in the open market or in privately negotiated transactions. The Reporting Persons may explore other alternatives with respect to their investment in the Shares, including but not limited to an extraordinary corporate transaction involving the Issuer, changes in the present board of directors or management of the Issuer, or changes in the Issuer's busin… Full filing
 6.9% +0.6 pts 4.5m 2025-09-24

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
404Q4 24: 2 buyingQ4 24: 0 sellingQ1 25: 1 buyingQ1 25: 0 sellingQ1 25Q2 25: 1 buyingQ2 25: 1 sellingQ3 25: 2 buyingQ3 25: 0 sellingQ3 25Q4 25: 1 buyingQ4 25: 0 sellingQ1 26: 3 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 2 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20242$120.9k0——
Q1 20251$677.2k0——
Q2 20251$134.1k1$24.7k—
Q3 20252$218.4k0——
Q4 20251$33.2k0——
Q1 20263$49.5k0——
Q2 20260—0——
Q3 20262$244.2k0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-09-22 Daly Joseph Patrick Director Bought 6,303 $4.05 $25.5k6.3k shares +<1%
2026-09-21 Daly Joseph Patrick Director Bought 4,000 $4.10 $16.4k4.0k shares +<1%
2026-09-15 Veradace Capital Management LLC +1 10% owner · BUTLER NATIONAL CORP Bought 15,000 $3.91 $58.6k15.0k shares +<1%
2026-09-15 Loh Michael Anthony Director Bought 10,000 $3.91 $39.1k10.0k shares +7%
2026-09-15 Daly Joseph Patrick Director Bought 1,500 $4.00 $6.0k1.5k shares +<1%
2026-09-14 Veradace Capital Management LLC +1 10% owner · BUTLER NATIONAL CORP Bought 40,000 $4.09 $163.6k40.0k shares +0%
2026-07-14 Zeff Capital, LP 10% owner Sold 36,925 $4.65 $171.7k36.9k shares -0%
2026-07-14 Daly Joseph Patrick Director Bought 2,126 $4.66 $9.9k2.1k shares +<1%
2026-07-13 Zeff Capital, LP 10% owner Sold 11,050 $4.46 $49.3k11.1k shares -<1%
2026-07-13 Daly Joseph Patrick Director Bought 10,000 $4.43 $44.3k10.0k shares +<1%
2026-07-10 Daly Joseph Patrick Director Bought 20,000 $4.36 $87.1k20.0k shares +<1%
2026-07-10 Zeff Capital, LP 10% owner Sold 4,000 $4.41 $17.6k4.0k shares -<1%
2026-07-10 Loh Michael Anthony Director Bought 3,658 $4.34 $15.9k3.7k shares +3%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Mink Brook Asset Management LLC 2.62% of their portfolio West Palm Beach, FL 1,421,1111.4m $5.9m $5.9m 2.62% Added +66.0k +66,045
2 WESBANCO BANK INC 0.01% of their portfolio WHEELING, WV 86,88786.9k $362.3k $362.3k 0.01% New