Savvy Trades and Investments

[jtomm]

BUKS - I suppose the other possibility is he bought directly from the Stewarts in some sort of off-market transaction. With CEO being a lawyer and John Edgar being a lawyer, seems kind of odd that this wasn't labeled as an option grant.

Update: My guess now is they just granted him shares (which still should be footnoted as a stock grant). Checked the proxy and when all the re-shuffling was going on, he was granted shares:

"On July 21, 2022, Mr. John M. Edgar, a director, was granted 400,000 shares of Butler National Stock as an other stock-based award pursuant to the Company 2016 Equity Incentive Plan. The award was for work related to Corporate financing and public relations. These shares were fully vested on the date of grant and were expensed in the July 31, 2022 financial statements".

If you click on his name on this latest Form 4, it will take you to the other Form 4's and looks like they did that 400k shares the same way (with no notation that this was a grant). I would certainly like to know that it was a grant rather than someone putting up their own after-tax dollars.

https://www.sec.gov/Archives/edgar/data/1810126/000001584722000008/xslF345X03/primary_doc.xml