Zeff Capital, LP, a 10% owner of Butler National Corp. (NASDAQ:BUKS), reported selling a total of 51,975 shares of the company’s common stock for approximately $238,624. The sales occurred across three trading days, from July 10 to July 14, 2026, with weighted average prices for the transactions falling between $4.41 and $4.65 per share. The insider selling comes as BUKS trades at $4.55, near its 52-week high of $4.75, following a remarkable 181% gain over the past year. According to InvestingPro analysis, the stock currently appears slightly overvalued relative to its Fair Value. An InvestingPro Tip highlights that BUKS is trading at a low P/E ratio relative to near-term earnings growth, with a PEG ratio of just 0.16—one of 12 ProTips available to subscribers.
The transactions began on July 10, when Zeff Capital sold 4,000 shares for $17,640 at a price of $4.41 per share. On July 13, an additional 11,050 shares were sold for $49,303, at a weighted average price of $4.46 per share. Individual trades for this date ranged from $4.45 to $4.47 per share. The largest transaction took place on July 14, involving the sale of 36,925 shares for $171,696, at a weighted average price of $4.65 per share, with prices for these trades ranging from $4.55 to $4.75.
Following these sales, Zeff Capital directly holds 7,341,337 shares of Butler National Corp. common stock.
The Form 4 filing also indicated that Zeff Holding Company, LLC, as the general partner of Zeff Capital, and Daniel Zeff, as the manager of Zeff Holding, may be deemed indirect beneficial owners of these shares. Both Zeff Holding and Mr. Zeff disclaim beneficial ownership of such shares except to the extent of their pecuniary interest.
In other recent news, Butler National Corporation reported its strongest fiscal year on record for 2026. The company achieved a 17% increase in revenue, reaching $98.0 million. Net income saw a significant rise of 75%, climbing to $21.9 million, while earnings per share increased from $0.19 to $0.34 compared to the previous year. Butler National also highlighted a record backlog of $47.1 million, driven by strong demand in aerospace products, particularly in aircraft modifications and special mission electronics. These results underscore the company’s robust performance in the aerospace sector. There were no updates on mergers or acquisitions in the recent developments. Analyst upgrades or downgrades were not mentioned in the latest reports.
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