Reece A. Kurtenbach - 05 Mar 2025 Form 4 Insider Report for DAKTRONICS INC /SD/ (DAKT)

Role
Director
Signature
Reece A. Kurtenbach
Issuer symbol
DAKT
Transactions as of
05 Mar 2025
Net transactions value
$0
Form type
4
Filing time
07 Mar 2025, 18:09:54 UTC
Previous filing
13 Dec 2024
Next filing
02 Jul 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DAKT Common Stock Options Exercise $0 +4,186 +0.8% $0.000000 530,267 05 Mar 2025 Direct

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 Options Exercise $0 -1,080 -26% $0.000000 3,106 05 Mar 2025 Common Stock 1,080 $0.000000 Direct F1
transaction DAKT Restricted Stock Units Options Exercise $0 -1,080 -35% $0.000000 2,026 05 Mar 2025 Common Stock 1,080 $0.000000 Direct F2
transaction DAKT Restricted Stock Units Options Exercise $0 -1,080 -53% $0.000000 946 05 Mar 2025 Common Stock 1,080 $0.000000 Direct F3
transaction DAKT Restricted Stock Units Options Exercise $0 -492 -52% $0.000000 454 05 Mar 2025 Common Stock 492 $0.000000 Direct F4
transaction DAKT Restricted Stock Units Options Exercise $0 -454 -100% $0.000000 0 05 Mar 2025 Common Stock 454 $0.000000 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Separation and Release Agreement (the "Separation Agreement") entered into by and between Daktronics, Inc. and Reece Kurtenbach on 03/05/2025 (such date, the "Separation Date"), the vesting of Restricted Stock Units granted on 09/03/2020 was accelerated such that the Restricted Stock Units that would have vested on 08/23/2025 vested as of the Separation Date. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
F2 Pursuant to the Separation Agreement, the vesting of Restricted Stock Units granted on 09/02/2021 was partially accelerated such that the Restricted Stock Units that would have vested on 08/23/2025 vested as of the Separation Date and the remaining Restricted Stock Units subject to such award were forfeited. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
F3 Pursuant to the Separation Agreement, the vesting of Restricted Stock Units granted on 09/08/2022 was partially accelerated such that the Restricted Stock Units that would have vested on 08/23/2025 vested as of the Separation Date and the remaining Restricted Stock Units subject to such award were forfeited. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
F4 Pursuant to the Separation Agreement, the vesting of Restricted Stock Units granted on 09/11/2023 was partially accelerated such that the Restricted Stock Units that would have vested on 08/23/2025 vested as of the Separation Date and the remaining Restricted Stock Units subject to such award were forfeited. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
F5 Pursuant to the Separation Agreement, the vesting of Restricted Stock Units granted on 09/09/2024 was partially accelerated such that the Restricted Stock Units that would have vested on 08/23/2025 vested as of the Separation Date and the remaining Restricted Stock Units subject to such award were forfeited. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.