Form 4 for DAKT DAKTRONICS INC /SD/
Accepted 2025-03-25 00:00:00 ET · period of report 2025-03-21 · accession 0000915779-25-000080 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-03-25 | 2025-03-21 | DAKT | Kurtenbach Reece A | Dir | M - OptEx | $6.59 | +112.0K | 587.3K | +24% | +$738.4K |
| D | 2025-03-25 | 2025-03-21 | DAKT | Kurtenbach Reece A | Dir | D - Sale to Iss | $12.67 | -112.0K | 530.3K | -17% | -$1.42M |
| DM | 2025-03-25 | 2025-03-21 | DAKT | Kurtenbach Reece A | Dir | M - OptEx | $0.00 | -112.0K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-03-21 | M | A | 10,254 | $7.83 | 570,521 | D | — | — | |
| 2 | Common | Common Stock | 2025-03-21 | M | A | 3,246 | $7.83 | 573,767 | D | — | — | |
| 3 | Common | Common Stock | 2025-03-21 | M | A | 10,800 | $7.47 | 584,567 | D | — | — | |
| 4 | Common | Common Stock | 2025-03-21 | M | A | 21,865 | $4.11 | 609,132 | D | — | — | |
| 5 | Common | Common Stock | 2025-03-21 | M | A | 5,135 | $4.11 | 614,267 | D | — | — | |
| 6 | Common | Common Stock | 2025-03-21 | M | A | 9,443 | $5.66 | 623,710 | D | — | — | |
| 7 | Common | Common Stock | 2025-03-21 | M | A | 1,357 | $5.66 | 625,067 | D | — | — | |
| 8 | Common | Common Stock | 2025-03-21 | M | A | 8,100 | $3.02 | 633,167 | D | — | — | |
| 9 | Common | Common Stock | 2025-03-21 | M | A | 6,399 | $3.02 | 639,566 | D | — | — | |
| 10 | Common | Common Stock | 2025-03-21 | M | A | 1,830 | $9.85 | 641,396 | D | — | — | |
| 11 | Common | Common Stock | 2025-03-21 | M | A | 836 | $11.87 | 642,232 | D | — | — | |
| 12 | Common | Common Stock | 2025-03-21 | D | D | 111,965 | $12.67 | 530,267 | D | — | — | (F1) Shares were exercised for cash. The per share price was closing price on March 20, 2025. |
| 13 | Common | Common Stock | 2025-03-21 | M | A | 5,395 | $9.63 | 560,267 | D | — | — | |
| 14 | Common | Common Stock | 2025-03-21 | M | A | 9,605 | $9.63 | 554,872 | D | — | — | |
| 15 | Common | Common Stock | 2025-03-21 | M | A | 6,000 | $9.57 | 545,267 | D | — | — | |
| 16 | Common | Common Stock | 2025-03-21 | M | A | 9,000 | $9.57 | 539,267 | D | — | — | |
| 17 | Common | Common Stock | 2025-03-21 | M | A | 2,700 | $7.47 | 587,267 | D | — | — | |
| 18 | Derivative | Incentive Stock Option | 2025-03-21 | M | D | 10,254 | $0.00 | 0 | D | $7.83 · — to 2028-09-06 | 10,254 Common Stock | (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. |
| 19 | Derivative | Non-Qualified Stock Option | 2025-03-21 | M | D | 3,246 | $0.00 | 0 | D | $7.83 · — to 2028-09-06 | 3,246 Common Stock | (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. |
| 20 | Derivative | Incentive Stock Option | 2025-03-21 | M | D | 10,800 | $0.00 | 0 | D | $7.47 · — to 2029-09-05 | 10,800 Common Stock | (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. |
| 21 | Derivative | Non-Qualified Stock Option | 2025-03-21 | M | D | 2,700 | $0.00 | 0 | D | $7.47 · — to 2029-09-05 | 2,700 Common Stock | (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. |
| 22 | Derivative | Incentive Stock Option | 2025-03-21 | M | D | 21,865 | $0.00 | 0 | D | $4.11 · — to 2030-09-03 | 21,865 Common Stock | (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. |
| 23 | Derivative | Non-Qualified Stock Option | 2025-03-21 | M | D | 5,135 | $0.00 | 0 | D | $4.11 · — to 2030-09-03 | 5,135 Common Stock | (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. |
| 24 | Derivative | Incentive Stock Option | 2025-03-21 | M | D | 9,443 | $0.00 | 0 | D | $5.66 · — to 2031-09-02 | 9,443 Common Stock | (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. |
| 25 | Derivative | Non-Qualified Stock Option | 2025-03-21 | M | D | 1,357 | $0.00 | 0 | D | $5.66 · — to 2031-09-02 | 1,357 Common Stock | (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. |
| 26 | Derivative | Incentive Stock Option | 2025-03-21 | M | D | 8,100 | $0.00 | 0 | D | $3.02 · — to 2032-09-08 | 8,100 Common Stock | (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. |
| 27 | Derivative | Incentive Stock Option | 2025-03-21 | M | D | 6,399 | $0.00 | 0 | D | $3.02 · — to 2032-09-08 | 6,399 Common Stock | (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. |
| 28 | Derivative | Incentive Stock Options | 2025-03-21 | M | D | 1,830 | $0.00 | 0 | D | $9.85 · — to 2033-09-10 | 1,830 Common Stock | (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. |
| 29 | Derivative | Incentive Stock Option | 2025-03-21 | M | D | 836 | $0.00 | 0 | D | $11.87 · — to 2034-09-09 | 836 Common Stock | (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. |
| 30 | Derivative | Incentive Stock Option | 2025-03-21 | M | D | 9,000 | $0.00 | 0 | D | $9.57 · — to 2026-09-01 | 9,000 Common Stock | (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. |
| 31 | Derivative | Non-Qualified Stock Option | 2025-03-21 | M | D | 6,000 | $0.00 | 0 | D | $9.57 · — to 2026-09-01 | 6,000 Common Stock | (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. |
| 32 | Derivative | Incentive Stock Option | 2025-03-21 | M | D | 9,605 | $0.00 | 0 | D | $9.63 · — to 2027-08-31 | 9,605 Common Stock | (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. |
| 33 | Derivative | Non-Qualified Stock Option | 2025-03-21 | M | D | 5,395 | $0.00 | 0 | D | $9.63 · — to 2027-08-31 | 5,395 Common Stock | (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. |