Alta Fox Opportunities Fund, LP - Dec 3, 2024 Form 4 Insider Report for DAKTRONICS INC /SD/ (DAKT)

Role
10%+ Owner
Signature
ALTA FOX OPPORTUNITIES FUND, LP, By: Alta Fox GenPar, LP, its general partner, /s/ P. Connor Haley, Authorized Signatory
Stock symbol
DAKT
Transactions as of
Dec 3, 2024
Transactions value $
$25,038,288
Form type
4
Date filed
3/5/2025, 06:53 PM
Previous filing
Dec 5, 2024
Next filing
May 30, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DAKT Common Stock Conversion of derivative security $7M +1.11M +56.46% $6.31 3.07M Dec 3, 2024 See footnote F1, F2
transaction DAKT Common Stock Conversion of derivative security $6.91M +1.1M +35.62% $6.31 4.17M Jan 3, 2025 See footnote F1, F2
transaction DAKT Common Stock Other $0 +14.2K +0.34% $0.00 4.18M Jan 3, 2025 See footnote F2, F3
transaction DAKT Common Stock Conversion of derivative security $6.86M +1.09M +25.98% $6.31 5.27M Feb 3, 2025 See footnote F1, F2
transaction DAKT Common Stock Other $0 +22.3K +0.42% $0.00 5.29M Feb 3, 2025 See footnote F2, F3
transaction DAKT Common Stock Conversion of derivative security $4.27M +677K +12.78% $6.31 5.97M Mar 3, 2025 See footnote F1, F2
transaction DAKT Common Stock Other $0 +4.06K +0.07% $0.00 5.97M Mar 3, 2025 See footnote F2, F3

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 Senior Secured Convertible Notes Conversion of derivative security $0 -1.11M -27.96% $0.00 2.86M Dec 3, 2024 Common Stock 1.11M $6.31 See footnote F2, F4
transaction DAKT Senior Secured Convertible Notes Conversion of derivative security $0 -1.1M -38.31% $0.00 1.76M Jan 3, 2025 Common Stock 1.1M $6.31 See footnote F2, F4
transaction DAKT Senior Secured Convertible Notes Conversion of derivative security $0 -1.09M -61.64% $0.00 677K Feb 3, 2025 Common Stock 1.09M $6.31 See footnote F2, F4
transaction DAKT Senior Secured Convertible Notes Conversion of derivative security $0 -677K -100% $0.00 0 Mar 3, 2025 Common Stock 677K $6.31 See footnote F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were issued upon conversion of Senior Secured Convertible Notes (the "Convertible Notes"), in a transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act. The December 3, 2024, conversion includes 6,068 shares, previously reported on Form 3, issued in connection with an interest payment on the Convertible Notes.
F2 This Form 4 is being filed by Alta Fox Opportunities Fund, LP, a Delaware limited partnership ("Alta Fox Opportunities"); Alta Fox GenPar, LP, a Delaware limited partnership ("Alta Fox GP"), the general partner of Alta Fox Opportunities; Alta Fox Equity, LLC, a Delaware limited liability company ("Alta Fox LLC"), the general partner of Alta Fox GP; Alta Fox Capital Management, LLC, a Texas limited liability company, the investment manager of Alta Fox Opportunities; and P. Connor Haley, the sole owner, member and manager of each of Alta Fox Capital and Alta Fox LLC (collectively, the "Reporting Persons"). The Reporting Persons disclaim beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any.
F3 The shares were issued in connection with an interest payment on the Convertible Notes.
F4 On May 11, 2023, the Issuer entered into a Securities Purchase Agreement with Alta Fox Opportunities, pursuant to which the Issuer issued the Convertible Notes to Alta Fox Opportunities in the total original principal amount of $25 million. A portion of the principal amount of the Convertible Notes, together with accrued and unpaid interest, converted into shares of the Issuer's Common Stock at an initial per share conversion price of $6.31.