[Form 4] Daktronics Inc Insider Trading Activity

Rhea-AI Filing Summary

Carla S. Gatzke, listed as Secretary and Vice President of Human Resources at Daktronics Inc (DAKT), reported exercising incentive stock options to acquire 6,870 shares on 08/07/2025 at an exercise price of $8.51 per share. After the reported transaction she beneficially owns 689,141 shares directly and 182,408 shares indirectly through a 401(k) plan.

The options are identified as Incentive Stock Options with an indicated exercisable date of 09/03/2025. The filing also states the original award vested in 20% increments annually over five years with vesting dates from 08/23/2016 through 08/23/2020.

Positive

• Officer increased direct ownership by exercising 6,870 incentive stock options at $8.51 per share
• Cumulative holdings disclosed: 689,141 shares direct and 182,408 shares indirect (401k)

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine officer option exercise increases insider ownership; not clearly material to valuation alone.

The reporting shows an officer exercised 6,870 incentive stock options at $8.51 per share, increasing direct holdings to 689,141. This is a straightforward exercise of vested options rather than a sale, so it increases insider share alignment with shareholders. The transaction size relative to total outstanding shares is not provided in this filing, so the market impact cannot be judged from this form alone. The vesting schedule is historical (20% per year through 2020), and the options are listed as exercisable on 09/03/2025, which is consistent with a completed vesting timetable.

Corporate Governance Expert

TL;DR: Insider exercise is a common equity compensation event; governance implications are neutral absent additional context.

The Form 4 documents a grant exercise by an officer and shows both direct and indirect holdings (689,141 direct; 182,408 indirect via 401k). The explanation confirms the original option award vested on a five-year schedule completed between 2016 and 2020. There is no disclosure here of sales, transfers to related parties, or changes to compensation plans. Without evidence of atypical timing or related-party transactions, this filing appears to be a routine disclosure under Section 16.

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).

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^*

GATZKE CARLA S

(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)
	Secretary and VP of Human Reso

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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		6,870	D	$8.51	689,141	D
Common Stock								182,408	I	by 401k

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			6,870	(1)	09/03/2025	Common Stock	6,870	$8.51	0	D

Explanation of Responses:

1. 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:

	Carla S. Gatzke	08/11/2025
	** 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 transaction did the DAKT insider report?

The officer exercised 6,870 incentive stock options on 08/07/2025 at an exercise price of $8.51 per share.

How many Daktronics (DAKT) shares does Carla S. Gatzke own after the transaction?

She beneficially owns 689,141 shares directly and 182,408 shares indirectly through a 401(k) plan.

What type of equity award was exercised in the DAKT Form 4?

The filing identifies the award as Incentive Stock Options with the exercised shares and an exercise price of $8.51.

What is the vesting history for the exercised options?

The options vested at 20% per year over five years with vesting dates listed from 08/23/2016 through 08/23/2020.

Are the exercised options shown as exercisable or expired?

The derivative table lists an exercisable date of 09/03/2025 for the Incentive Stock Options.