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

Role
Director
Signature
Reece A. Kurtenbach
Stock symbol
DAKT
Transactions as of
Mar 21, 2025
Transactions value $
-$680,213
Form type
4
Date filed
3/25/2025, 04:46 PM
Previous filing
Mar 7, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DAKT Common Stock Options Exercise $86.1K +9K +1.7% $9.57 539K Mar 21, 2025 Direct
transaction DAKT Common Stock Options Exercise $57.4K +6K +1.11% $9.57 545K Mar 21, 2025 Direct
transaction DAKT Common Stock Options Exercise $92.5K +9.61K +1.76% $9.63 555K Mar 21, 2025 Direct
transaction DAKT Common Stock Options Exercise $52K +5.4K +0.97% $9.63 560K Mar 21, 2025 Direct
transaction DAKT Common Stock Options Exercise $80.3K +10.3K +1.83% $7.83 571K Mar 21, 2025 Direct
transaction DAKT Common Stock Options Exercise $25.4K +3.25K +0.57% $7.83 574K Mar 21, 2025 Direct
transaction DAKT Common Stock Options Exercise $80.7K +10.8K +1.88% $7.47 585K Mar 21, 2025 Direct
transaction DAKT Common Stock Options Exercise $20.2K +2.7K +0.46% $7.47 587K Mar 21, 2025 Direct
transaction DAKT Common Stock Options Exercise $89.9K +21.9K +3.72% $4.11 609K Mar 21, 2025 Direct
transaction DAKT Common Stock Options Exercise $21.1K +5.14K +0.84% $4.11 614K Mar 21, 2025 Direct
transaction DAKT Common Stock Options Exercise $53.4K +9.44K +1.54% $5.66 624K Mar 21, 2025 Direct
transaction DAKT Common Stock Options Exercise $7.68K +1.36K +0.22% $5.66 625K Mar 21, 2025 Direct
transaction DAKT Common Stock Options Exercise $24.5K +8.1K +1.3% $3.02 633K Mar 21, 2025 Direct
transaction DAKT Common Stock Options Exercise $19.3K +6.4K +1.01% $3.02 640K Mar 21, 2025 Direct
transaction DAKT Common Stock Options Exercise $18K +1.83K +0.29% $9.85 641K Mar 21, 2025 Direct
transaction DAKT Common Stock Options Exercise $9.92K +836 +0.13% $11.87 642K Mar 21, 2025 Direct
transaction DAKT Common Stock Disposed to Issuer -$1.42M -112K -17.43% $12.67 530K Mar 21, 2025 Direct F1
holding DAKT Common Stock 17.4K Mar 21, 2025 By Spouse
holding DAKT Common Stock 33.5K Mar 21, 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 -9K -100% $0.00 0 Mar 21, 2025 Common Stock 9K $9.57 Direct F3
transaction DAKT Non-Qualified Stock Option Options Exercise $0 -6K -100% $0.00 0 Mar 21, 2025 Common Stock 6K $9.57 Direct F4
transaction DAKT Incentive Stock Option Options Exercise $0 -9.61K -100% $0.00 0 Mar 21, 2025 Common Stock 9.61K $9.63 Direct F5
transaction DAKT Non-Qualified Stock Option Options Exercise $0 -5.4K -100% $0.00 0 Mar 21, 2025 Common Stock 5.4K $9.63 Direct F6
transaction DAKT Incentive Stock Option Options Exercise $0 -10.3K -100% $0.00 0 Mar 21, 2025 Common Stock 10.3K $7.83 Direct F7
transaction DAKT Non-Qualified Stock Option Options Exercise $0 -3.25K -100% $0.00 0 Mar 21, 2025 Common Stock 3.25K $7.83 Direct F8
transaction DAKT Incentive Stock Option Options Exercise $0 -10.8K -100% $0.00 0 Mar 21, 2025 Common Stock 10.8K $7.47 Direct F9
transaction DAKT Non-Qualified Stock Option Options Exercise $0 -2.7K -100% $0.00 0 Mar 21, 2025 Common Stock 2.7K $7.47 Direct F10
transaction DAKT Incentive Stock Option Options Exercise $0 -21.9K -100% $0.00 0 Mar 21, 2025 Common Stock 21.9K $4.11 Direct F11
transaction DAKT Non-Qualified Stock Option Options Exercise $0 -5.14K -100% $0.00 0 Mar 21, 2025 Common Stock 5.14K $4.11 Direct F12
transaction DAKT Incentive Stock Option Options Exercise $0 -9.44K -100% $0.00 0 Mar 21, 2025 Common Stock 9.44K $5.66 Direct F13
transaction DAKT Non-Qualified Stock Option Options Exercise $0 -1.36K -100% $0.00 0 Mar 21, 2025 Common Stock 1.36K $5.66 Direct F14
transaction DAKT Incentive Stock Option Options Exercise $0 -8.1K -100% $0.00 0 Mar 21, 2025 Common Stock 8.1K $3.02 Direct F15
transaction DAKT Incentive Stock Option Options Exercise $0 -6.4K -100% $0.00 0 Mar 21, 2025 Common Stock 6.4K $3.02 Direct F15
transaction DAKT Incentive Stock Options Options Exercise $0 -1.83K -100% $0.00 0 Mar 21, 2025 Common Stock 1.83K $9.85 Direct F16
transaction DAKT Incentive Stock Option Options Exercise $0 -836 -100% $0.00 0 Mar 21, 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.