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[Form 4/A] Daktronics Inc Amended Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4/A
Rhea-AI Filing Summary

Daktronics insider transaction and correction: Bradley T. Wiemann, identified as President and CEO, acquired 7,500 shares of Daktronics common stock on 08/07/2025 at a reported price of $8.51 per share. The Form 4/A shows 7,500 related incentive stock options with an $8.51 exercise/conversion price and a referenced exercisable date of 09/03/2025.

The amendment corrects the previously reported post-transaction beneficial ownership, increasing it from 93,319.964 shares to 104,693.926 shares following the reported transaction. The filing also restates the original option vesting schedule (20% per year across five years, with vesting dates beginning 08/23/2016 and concluding 08/23/2020).

Positive
  • 7,500 common shares acquired by the reporting person at a reported price of $8.51 per share
  • Post-transaction beneficial ownership increased to 104,693.926 shares, reflecting higher insider equity
  • Incentive stock options disclosed (7,500 options at $8.51), with vesting schedule information provided
Negative
  • Amendment corrects prior misreported holdings; original Form 4 understated post-transaction beneficial ownership (reported 93,319.964 vs corrected 104,693.926)

Insights

TL;DR: Insider acquired shares and options; amendment increases reported holdings materially but does not disclose additional transactions.

The filing shows a direct acquisition of 7,500 common shares at $8.51 and a corresponding listing of 7,500 incentive stock options at the same $8.51 price. Importantly, the amendment corrects total beneficial ownership to 104,693.926 shares, up from the previously reported 93,319.964 shares. For investors, the key takeaways are the actual post-transaction ownership level and the exercise price noted; there is no new financial guidance or operational disclosure in this form.

TL;DR: Correction to insider reporting raises governance attention though the underlying acquisition increases CEO ownership.

The report identifies Bradley T. Wiemann as President and CEO and documents a 7,500-share acquisition and related option details. The amendment corrects an understatement of beneficial ownership in the original filing, which is a governance issue because accurate Section 16 reporting is required. The corrected holding of 104,693.926 shares clarifies the CEO's equity stake but the amendment itself signals that prior disclosure controls or filing processes required adjustment.

SEC Form 4
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Wiemann Bradley T

(Last) (First) (Middle)
201 DAKTRONICS DRIVE

(Street)
BROOKINGS SD 57006

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
DAKTRONICS INC /SD/ [ DAKT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
08/11/2025
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 08/07/2025 M 7,500 A $8.51 104,693.926(1) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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
Incentive Stock Option $8.51 08/07/2025 M 7,500 (2) 09/03/2025 Common Stock 7,500 $8.51 0 D
Explanation of Responses:
1. This amendment (this "Amendment") is being filed to correct the number of shares beneficially owned following reported transaction as reported in the Form 4 filed with the Securities and Exchange Commission on August 11, 2025. According to the Original Form 4, the Reporting Person beneficially owned 93,319.964 shares of Daktronics, Inc. common stock. In fact, as reported in this Amendment, the Reporting Person owned 104,693.926 shares of Daktronics, Inc. common stock following the reported transaction.
2. Incentive Stock Options 20% vested each year for a total of five years - vesting schedule 8/23/2016, 8/23/2017, 08/23/2018, 08/23/2019, 08/23/2020.
Remarks:
Bradley T. Wiemann 08/14/2025
** 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.

FAQ

What did the Daktronics (DAKT) Form 4/A report?

The Form 4/A reports that Bradley T. Wiemann acquired 7,500 common shares and discloses 7,500 incentive stock options at a reported price of $8.51.

When did the reported transaction for DAKT occur?

The transaction date shown in the filing is 08/07/2025.

How did the amendment change previously reported ownership for DAKT?

The amendment corrects the post-transaction beneficial ownership from 93,319.964 shares to 104,693.926 shares.

Who is the reporting person on the DAKT Form 4/A?

The reporting person is Bradley T. Wiemann, listed as President and CEO.

What are the terms of the incentive stock options noted in the filing?

The filing shows 7,500 incentive stock options with an exercise/conversion price of $8.51, and a referenced exercisable date of 09/03/2025; vesting originally occurred 20% per year over five years with vesting dates starting 08/23/2016 and ending 08/23/2020.
Daktronics Inc

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