Reece A. Kurtenbach - 08 Sep 2022 Form 4 Insider Report for DAKTRONICS INC /SD/ (DAKT)

Role
Chairman, President and CEO, Director
Signature
/s/ Reece A. Kurtenbach
Issuer symbol
DAKT
Transactions as of
08 Sep 2022
Net transactions value
$0
Form type
4
Filing time
09 Sep 2022, 16:55:23 UTC
Previous filing
07 Sep 2022
Next filing
25 Aug 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DAKT Restricted Stock Units Award $0 +5,400 +50% $0.000000 16,200 08 Sep 2022 Common Stock 5,400 $0.000000 Direct F1, F2
transaction DAKT Incentive Stock Option Award $0 +24,165 +15% $0.000000 185,415 08 Sep 2022 Common Stock 24,165 $3.02 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents the contingent right to receive one share of Daktronics, Inc. common stock.
F2 Restricted Stock Units granted on 09/07/2022 vest 20% each year for five years beginning on 08/23/2023. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
F3 Incentive Stock Options 20% vested each year for a total of five years - vesting schedule 08/23/2023, 08/23/2024, 08/23/2025, 08/23/2026, 08/23/2027.