Note 13 - Stock Repurchase Program

3 Months Ended

Jul. 31, 2023

Notes to Financial Statements

Treasury Stock [Text Block]

13. Stock Repurchase Program:

In July 2023, the Board of Directors approved an increase in the size of the Company's stock repurchase program from $4 million to $9 million.  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 through July 31, 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
Shares purchased in prior periods		3,290,426	$	0.40		3,290,426	$	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
Increase in program authorization July 2023		-	$	-		-	$	7,594
Quarter ended July 31, 2023 (a)		6,863,789	$	0.73		6,863,789	$	2,560
Total		10,243,311	$	0.63		10,243,311

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