Bradley T. Wiemann - Sep 9, 2024 Form 4/A - Amendment Insider Report for DAKTRONICS INC /SD/ (DAKT)

Signature
Bradley T. Wiemann
Stock symbol
DAKT
Transactions as of
Sep 9, 2024
Transactions value $
$0
Form type
4/A - Amendment
Date filed
9/19/2024, 05:30 PM
Date Of Original Report
Sep 11, 2024
Previous filing
Aug 27, 2024
Next filing
Oct 1, 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 +2.27K +56.98% $0.00 6.25K Sep 9, 2024 Common Stock 2.27K Direct F1, F2, F3
transaction DAKT Incentive Stock Options Award $0 0 0% $0.00 43.8K Sep 9, 2024 Common Stock 0 $11.87 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Daktronics, Inc. common stock.
F2 This amendment on Form 4/A is being filed to correct certain disclosures in connection with the grant of incentive stock options ("ISOs") to the Reporting Person on September 9, 2024, as originally reported in the Form 4 filed with the Securities and Exchange Commission ("SEC") on September 11, 2024, and as amended by the Form 4/A filed with the SEC on September 12, 2024 (the "Original Form 4/A"). In the Original Form 4/A, the exercise price of the ISOs granted, the number of RSUs granted, the number of ISOs granted, and the aggregate number of ISOs and RSUs beneficially owned by the Reporting Person following the reported transaction were inadvertently misstated. The corrected amounts for the misstated items are now reflected in Columns 2, 5, 7, and 9 of Table II of this Form 4/A.
F3 RSUs granted on 09/09/2024 vest 20% each year for five years beginning on 08/23/2025. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
F4 ISOs vest 20% each for a total of five years - vesting schedule 08/23/2025, 08/23/2026, 08/23/2027, 08/23/2028, 08/23/2029