Butler National repurchases 2.41M shares, launches $5M new buyback

BUTLER NATIONAL CORP

Repurchased 2.41 million shares since Apr 30, 2025 at avg $1.51 per share.
Closed 2016 Stock Repurchase Program; new $5M program authorized through April 2027.
New authorization represents ~4.8% of 64,854,736 outstanding shares at current prices.
As of Jul 31, paid $2.9M of $3.8M obligation; remaining $0.9M due by Dec 31, 2025.

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