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