SEC Form 4 · accession 0001171520-26-000174
BUTLER NATIONAL CORP · BUKS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Zeff Capital, LP
10% Owner
Period of report
Jul 10, 2026
Accepted (ET)
Jul 14, 2026 · 7:47 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0000015847
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jul 10, 2026 | S | 4,000 | $4.41 | D | 7,389,312 | D | |
| Common StockF3,F1,F2 | Jul 13, 2026 | S | 11,050 | $4.46 | D | 7,378,262 | D | |
| Common StockF4,F1,F2 | Jul 14, 2026 | S | 36,925 | $4.65 | D | 7,341,337 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In addition to Zeff Capital LP, a Delaware limited partnership ("Zeff Capital"), this Form 4 is being filed jointly by Zeff Holding Company, LLC, a Delaware limited liability company ("Zeff Holding"), and Daniel Zeff, a citizen of the United States of America, each of whom has the same business address as Zeff Capital.
- F2(Continued from footnote 1) Zeff Holding, as the general partner of Zeff Capital, may be deemed to have the power to direct the voting and disposition of the shares of Common Stock beneficially owned by Zeff Capital, and may be deemed to be the indirect beneficial owner of such shares. Zeff Holding disclaims beneficial ownership of such shares for all other purposes, except to the extent of its pecuniary interest therein. Mr. Zeff, as the manager of Zeff Holding, may be deemed to have the power to direct the voting and disposition of the shares of Common Stock beneficially owned by Zeff Capital, and may be deemed to be the indirect beneficial owner of such shares. Mr. Zeff disclaims beneficial ownership of such shares for all other purposes, except to the extent of his pecuniary interest therein.
- F3This transaction was executed in multiple trades at prices ranging from $4.45 to $4.47 per share. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
- F4This transaction was executed in multiple trades at prices ranging from $4.55 to $4.75 per share. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.