[144] DAKTRONICS INC /SD/ SEC Filing
Form 144 notice for DAKT reporting a proposed sale of 9,944 common shares acquired and to be sold on 09/17/2025. The shares were obtained that same day through a stock option exercise from the issuer and payment was made in cash. The filer lists an aggregate market value of $229,599.00 for the shares and reports 48,530,238 shares outstanding for the class. The intended sale is through Morgan Stanley Smith Barney LLC on NASDAQ. The filer indicates no securities sold in the past three months and includes the standard attestation about absence of undisclosed material information.
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Insights
TL;DR: Routine insider exercise and planned sale of shares; disclosure is procedural and contains clear quantities and execution details.
The filing documents a same-day stock option exercise and proposed sale of 9,944 common shares on 09/17/2025 via Morgan Stanley Smith Barney on NASDAQ, with an aggregate market value of $229,599. The filer reports no sales in the prior three months and provides the required attestation regarding material nonpublic information. Based on the details provided, this is a standard Form 144 disclosure to enable a registered broker to effect the sale under Rule 144.
TL;DR: The filing meets Rule 144 procedural requirements and includes customary attestations; no governance red flags disclosed.
The notice specifies the relationship to the issuer via a stock option exercise, timing of acquisition and payment in cash, broker details, and exchange. The filing also states no securities sold in the preceding three months and contains the ordinary signature attestation about material information. There is no indication in the form of any unusual conditions or exceptions to standard insider selling protocols.