Reece A. Kurtenbach - Sep 11, 2023 Form 4 Insider Report for DAKTRONICS INC /SD/ (DAKT)

Role
Chairman, President and CEO, Director
Signature
Reece A. Kurtenbach
Stock symbol
DAKT
Transactions as of
Sep 11, 2023
Transactions value $
$0
Form type
4
Date filed
9/13/2023, 05:20 PM
Previous filing
Aug 25, 2023
Next filing
Jul 3, 2024

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 +2.46K +22.42% $0.00 13.4K Sep 11, 2023 Common Stock 2.46K Direct F1, F2
transaction DAKT Incentive Stock Options Award $0 +2.46K +1.6% $0.00 156K Sep 11, 2023 Common Stock 2.46K $9.85 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 09/11/2023 vest 20% each year for five years beginning 08/23/2024. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
F3 Incentive Stock Options vest 20% each for a total of five years - vesting schedule 08/23/2024, 08/23/2025, 08/23/2026, 08/23/2027, 08/23/2028.