Note 12 - Stock Repurchase Program

12 Months Ended

Apr. 30, 2023

Notes to Financial Statements

Treasury Stock [Text Block]

12. STOCK REPURCHASE PROGRAM:

The Board of Directors approved a stock purchase program authorizing the repurchase of up to $4,000 of its common stock.  The program was established for the purpose of enabling Butler National Corporation (BNC) to flexibly repurchase its own shares in consideration of factors such as opportunities for strategic investment, BNC's financial condition and the price of its common stock as part of improving capital efficiency.  The program is currently authorized through July 31, 2025.

The table below provides information with respect to common stock purchases by the Company during the year ended April 30, 2023.

Period	Total Number of Shares Purchased		Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs		Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs
Program authorization							$	4,000
Shares purchased in prior periods		3,103,633	$	0.38		3,103,633	$	2,823
Quarter ended July 31, 2021		-	$	-		-	$	2,823
Quarter ended October 31, 2021 (a)		6,290	$	0.62		6,290	$	2,819
Quarter ended January 31, 2022		-	$	-		-	$	2,819
Quarter ended April 30, 2022 (a)		180,503	$	0.91		180,503	$	2,655
Quarter ended July 31, 2022 (a)		1,639	$	0.84		1,639	$	2,653
Quarter ended October 31, 2022 (a)		150	$	0.70		150	$	2,653
Quarter ended January 31, 2023 (a)		85,307	$	0.68		85,307	$	2,595
Quarter ended April 30, 2023 (a)		2,000	$	0.68		2,000	$	2,594
Total		3,379,522	$	0.42		3,379,522

(a) These shares of common stock purchased were purchased through private transactions.