VP of Manufacturing Kurtenbach Matthew John converted options into 2,200 shares and covered exercise/tax liability with 532 shares, increasing direct ownership by 0.59% to 284,892 units (SEC Form 4)
$DAKT
Miscellaneous manufacturing industries
Consumer Discretionary
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
DAKTRONICS INC /SD/ [ DAKT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/23/2025 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 08/23/2025 | M | 2,200 | A | $0 | 285,423.7 | D | |||
| Common Stock | 08/23/2025 | F | 532 | D | $16.9 | 284,891.7 | D | |||
| Common Stock | 5,000(1)(2) | I | By Trust(1) | |||||||
| Common Stock | 21,000(1)(3) | I | As custodian for UTMA Accounts for minors(3) | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | $0 | 08/23/2025 | M | 500 | (4) | (4) | Common Stock | 500 | $0 | 27,962 | D | ||||
| Restricted Stock Units | $0 | 08/23/2025 | M | 500 | (5) | (5) | Common Stock | 500 | $0 | 27,462 | D | ||||
| Restricted Stock Units | $0 | 08/23/2025 | M | 500 | (6) | (6) | Common Stock | 500 | $0 | 26,962 | D | ||||
| Restricted Stock Units | $0 | 08/23/2025 | M | 246 | (7) | (7) | Common Stock | 246 | $0 | 26,716 | D | ||||
| Restricted Stock Units | $0 | 08/23/2025 | M | 454 | (8) | (8) | Common Stock | 454 | $0 | 26,262 | D | ||||
| Explanation of Responses: |
| 1. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), the Reporting Person disclaims beneficial ownership of any securities reported in this filing, except to the extent of his pecuniary interest therein, if any, and this Amendment shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or otherwise. |
| 2. As a trustee of a trust formed for the benefit of a child of the Reporting Person (the "Trust"), the Reporting Person may be deemed to exercise voting and investment power over the shares of common stock of Daktronics, Inc. ("Common Stock") held by the Trust. |
| 3. Represents securities held in 3 separate custodial accounts under the UTMA. The Reporting Person is the custodian of the UTMA accounts for the benefit of his children. |
| 4. Restricted Stock Units granted on 09/03/2020 vest 20% each year for five years beginning on 08/23/2021. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting. |
| 5. Restricted Stock Units granted on 09/02/2021 vest 20% each year for five years beginning on 08/23/2022. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting. |
| 6. Restricted Stock Units granted on 09/07/2022 vest 20% each year for five years beginning on 08/23/2023. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting. |
| 7. Restricted Stock Units granted on 09/11/2023 vest 20% each year for five years beginning 08/23/2024. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting. |
| 8. Restricted Stock Units 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. |
| Remarks: |
| Matthew J. Kurtenbach | 08/26/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||