Reece A. Kurtenbach - Sep 8, 2022 Form 4 Insider Report for DAKTRONICS INC /SD/ (DAKT)

Role
Chairman, President and CEO, Director
Signature
/s/ Reece A. Kurtenbach
Stock symbol
DAKT
Transactions as of
Sep 8, 2022
Transactions value $
$0
Form type
4
Date filed
9/9/2022, 04:55 PM
Previous filing
Sep 7, 2022
Next filing
Aug 25, 2023

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 +5.4K +50% $0.00 16.2K Sep 8, 2022 Common Stock 5.4K $0.00 Direct F1, F2
transaction DAKT Incentive Stock Option Award $0 +24.2K +14.99% $0.00 185K Sep 8, 2022 Common Stock 24.2K $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.