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 |
Id | Content |
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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 |