Reece A. Kurtenbach - 21 Mar 2025 Form 4 Insider Report for DAKTRONICS INC /SD/ (DAKT)

Role
Director
Signature
Reece A. Kurtenbach
Issuer symbol
DAKT
Transactions as of
21 Mar 2025
Net transactions value
-$680,213
Form type
4
Filing time
25 Mar 2025, 16:46:05 UTC
Previous filing
02 Jul 2025
Next filing
09 Jun 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DAKT Common Stock Options Exercise $86,130 +9,000 +1.7% $9.57 539,267 21 Mar 2025 Direct
transaction DAKT Common Stock Options Exercise $57,420 +6,000 +1.1% $9.57 545,267 21 Mar 2025 Direct
transaction DAKT Common Stock Options Exercise $92,496 +9,605 +1.8% $9.63 554,872 21 Mar 2025 Direct
transaction DAKT Common Stock Options Exercise $51,954 +5,395 +0.97% $9.63 560,267 21 Mar 2025 Direct
transaction DAKT Common Stock Options Exercise $80,289 +10,254 +1.8% $7.83 570,521 21 Mar 2025 Direct
transaction DAKT Common Stock Options Exercise $25,416 +3,246 +0.57% $7.83 573,767 21 Mar 2025 Direct
transaction DAKT Common Stock Options Exercise $80,676 +10,800 +1.9% $7.47 584,567 21 Mar 2025 Direct
transaction DAKT Common Stock Options Exercise $20,169 +2,700 +0.46% $7.47 587,267 21 Mar 2025 Direct
transaction DAKT Common Stock Options Exercise $89,865 +21,865 +3.7% $4.11 609,132 21 Mar 2025 Direct
transaction DAKT Common Stock Options Exercise $21,105 +5,135 +0.84% $4.11 614,267 21 Mar 2025 Direct
transaction DAKT Common Stock Options Exercise $53,447 +9,443 +1.5% $5.66 623,710 21 Mar 2025 Direct
transaction DAKT Common Stock Options Exercise $7,681 +1,357 +0.22% $5.66 625,067 21 Mar 2025 Direct
transaction DAKT Common Stock Options Exercise $24,462 +8,100 +1.3% $3.02 633,167 21 Mar 2025 Direct
transaction DAKT Common Stock Options Exercise $19,325 +6,399 +1% $3.02 639,566 21 Mar 2025 Direct
transaction DAKT Common Stock Options Exercise $18,026 +1,830 +0.29% $9.85 641,396 21 Mar 2025 Direct
transaction DAKT Common Stock Options Exercise $9,923 +836 +0.13% $11.87 642,232 21 Mar 2025 Direct
transaction DAKT Common Stock Disposed to Issuer $1,418,597 -111,965 -17% $12.67 530,267 21 Mar 2025 Direct F1
holding DAKT Common Stock 17,400 21 Mar 2025 By Spouse
holding DAKT Common Stock 33,479 21 Mar 2025 by 401(k) F2

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 Incentive Stock Option Options Exercise $0 -9,000 -100% $0.000000 0 21 Mar 2025 Common Stock 9,000 $9.57 Direct F3
transaction DAKT Non-Qualified Stock Option Options Exercise $0 -6,000 -100% $0.000000 0 21 Mar 2025 Common Stock 6,000 $9.57 Direct F4
transaction DAKT Incentive Stock Option Options Exercise $0 -9,605 -100% $0.000000 0 21 Mar 2025 Common Stock 9,605 $9.63 Direct F5
transaction DAKT Non-Qualified Stock Option Options Exercise $0 -5,395 -100% $0.000000 0 21 Mar 2025 Common Stock 5,395 $9.63 Direct F6
transaction DAKT Incentive Stock Option Options Exercise $0 -10,254 -100% $0.000000 0 21 Mar 2025 Common Stock 10,254 $7.83 Direct F7
transaction DAKT Non-Qualified Stock Option Options Exercise $0 -3,246 -100% $0.000000 0 21 Mar 2025 Common Stock 3,246 $7.83 Direct F8
transaction DAKT Incentive Stock Option Options Exercise $0 -10,800 -100% $0.000000 0 21 Mar 2025 Common Stock 10,800 $7.47 Direct F9
transaction DAKT Non-Qualified Stock Option Options Exercise $0 -2,700 -100% $0.000000 0 21 Mar 2025 Common Stock 2,700 $7.47 Direct F10
transaction DAKT Incentive Stock Option Options Exercise $0 -21,865 -100% $0.000000 0 21 Mar 2025 Common Stock 21,865 $4.11 Direct F11
transaction DAKT Non-Qualified Stock Option Options Exercise $0 -5,135 -100% $0.000000 0 21 Mar 2025 Common Stock 5,135 $4.11 Direct F12
transaction DAKT Incentive Stock Option Options Exercise $0 -9,443 -100% $0.000000 0 21 Mar 2025 Common Stock 9,443 $5.66 Direct F13
transaction DAKT Non-Qualified Stock Option Options Exercise $0 -1,357 -100% $0.000000 0 21 Mar 2025 Common Stock 1,357 $5.66 Direct F14
transaction DAKT Incentive Stock Option Options Exercise $0 -8,100 -100% $0.000000 0 21 Mar 2025 Common Stock 8,100 $3.02 Direct F15
transaction DAKT Incentive Stock Option Options Exercise $0 -6,399 -100% $0.000000 0 21 Mar 2025 Common Stock 6,399 $3.02 Direct F15
transaction DAKT Incentive Stock Options Options Exercise $0 -1,830 -100% $0.000000 0 21 Mar 2025 Common Stock 1,830 $9.85 Direct F16
transaction DAKT Incentive Stock Option Options Exercise $0 -836 -100% $0.000000 0 21 Mar 2025 Common Stock 836 $11.87 Direct F17
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were exercised for cash. The per share price was closing price on March 20, 2025.
F2 Between January 5, 2025 and March 21, 2025, the Reporting Person disposed of 4 shares of common stock of Daktronics, Inc. (the "Issuer") under the Issuer's 401(k) Plan. The information in this Report is based on a plan statement dated as of March 21, 2025.
F3 Incentive Stock Options (the "ISOs") vest 20% each year for a total of five years - vesting schedule 08/23/2017, 08/23/2018, 08/23/2019, 08/23/2020, 08/23/2021.
F4 Non-Qualified Stock Options (the "NQs") vest 20% each year for a total of five years - vesting schedule 08/23/2017, 08/23/2018, 08/23/2019, 08/23/2020, 08/23/2021.
F5 ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2018, 08/23/2019, 08/23/2020, 08/23/2021, 08/23/2022.
F6 NQs vest 20% each year for a total of five years - vesting schedule 08/23/2018, 08/23/2019, 08/23/2020, 08/23/2021, 08/23/2022.
F7 ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2019, 08/23/2020, 08/23/2021, 08/23/2022, 08/23/2023.
F8 NQs vest 20% each year for a total of five years - vesting schedule 08/23/2019, 08/23/2020, 08/23/2021, 08/23/2022, 08/23/2023.
F9 ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2020, 08/23/2021, 08/23/2022, 08/23/2023, 08/23/2024.
F10 NQs vest 20% each year for a total of five years - vesting schedule 08/23/2020, 08/23/2021, 08/23/2022, 08/23/2023, 08/23/2024.
F11 ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2021, 08/23/2022, 08/23/2023, 08/23/2024, 08/23/2025. 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 ISOs granted as of 09/03/2020 was accelerated such that the ISOs that would have vested on 08/23/2025 vested as of the Separation Date.
F12 NQs vest 20% each year for a total of five years - vesting schedule 08/23/2021, 08/23/2022, 08/23/2023, 08/23/2024, 08/23/2025. Pursuant to the Separation Agreement, the vesting of NQs granted as of 09/03/2020 was accelerated such that the NQs that would have vested on 08/23/2025 vested as of the Separation Date.
F13 ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2022, 08/23/2023, 08/23/2024, 08/23/2025, 08/23/2026. Pursuant to the Separation Agreement, the vesting of ISOs granted as of 09/02/2021 was accelerated such that the ISOs that would have vested on 08/23/2025 vested as of the Separation Date and the remaining ISOs subject to such options were forfeited.
F14 NQs vest 20% each year for a total of five years - vesting schedule 08/23/2022; 08/23/2023; 08/23/2024; 08/23/2025; 08/23/2026. Pursuant to the Separation Agreement, the vesting of NQs granted as of 09/02/2021 was accelerated such that the NQs that would have vested on 08/23/2025 vested as of the Separation Date and the remaining NQs subject to such options were forfeited.
F15 ISOs vest 20% 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. Pursuant to the Separation Agreement, the vesting of ISOs granted as of 09/08/2022 was accelerated such that the ISOs that would have vested on 08/23/2025 vested as of the Separation Date and the remaining ISOs subject to such options were forfeited.
F16 ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2024, 08/23/2025, 08/23/2026, 08/23/2027, 08/23/2028. Pursuant to the Separation Agreement, the vesting of ISOs granted as of 09/11/2023 was accelerated such that the ISOs that would have vested on 08/23/2025 vested as of the Separation Date and the remaining ISOs subject to such options were forfeited.
F17 ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2025, 08/23/2026, 08/23/2027, 08/23/2028, 08/23/2029. Pursuant to the Separation Agreement, the vesting of ISOs granted as of 09/09/2024 was accelerated such that the ISOs that would have vested on 08/23/2025 vested as of the Separation Date and the remaining ISOs subject to such options were forfeited.