[Form 4] Daktronics Inc Insider Trading Activity

Rhea-AI Filing Summary

Matthew J. Kurtenbach, VP of Manufacturing at Daktronics, Inc. (DAKT), reported several insider transactions dated 08/23/2025. The filing shows an acquisition of 2,200 shares at no cash price (code M), a sale of 532 shares at $16.90 each, and continued beneficial holdings including 285,423.7 shares reported after the transactions (direct). The report also discloses indirect holdings: 5,000 shares held in a trust and 21,000 shares held as UTMA custodial accounts. Multiple restricted stock units vested into common stock on 08/23/2025, resulting in incremental increases in directly held shares.

Positive

• Significant direct ownership retained: 285,423.7 shares reported after transactions, showing substantial insider stake.
• Multiple RSUs vested: Several restricted stock units vested on 08/23/2025, increasing aligned, long-term incentive ownership.
• Family alignment via indirect holdings: 5,000 shares in a trust and 21,000 shares across UTMA custodial accounts indicate sustained family-related ownership.

Negative

• Minor disposition: Sale of 532 shares at $16.90 reduced direct holdings slightly.
• Potential dilution of per-share metrics: Delivery of vested RSUs increases outstanding insider-held shares, although impact depends on company-wide share counts (not provided).

Insights

Securities Analyst

TL;DR: Insider received vested equity and sold a small block, leaving a large direct holding position intact.

Kurtenbach's Form 4 is largely routine: several restricted stock units vested (codes M) producing shares delivered at $0 and increasing direct holdings materially in absolute terms to 285,423.7 shares. The small sale of 532 shares at $16.90 is modest relative to total holdings and may reflect routine portfolio liquidity needs rather than signaling. Indirect holdings via trust and UTMA accounts add another 26,000 shares collectively, indicating family-aligned ownership.

Corporate Governance Specialist

TL;DR: Vesting equity demonstrates compensation execution; transactions appear compliant and non-disruptive to control.

The filing shows scheduled vesting of multiple RSU grants from 2020–2024, consistent with long-term compensation schedules. The reporter disclaims beneficial ownership except for pecuniary interest where applicable and notes trustee/custodian roles for certain indirect holdings. No option exercises with cash proceeds or unusual dispositions are present beyond a small sale, so corporate control and governance implications are minimal.

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^*

Kurtenbach Matthew John

(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)
	VP of Manufacturing

3. Date of Earliest Transaction (Month/Day/Year)
08/23/2025

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	08/23/2025		M		2,200	A	$0	285,423.7	D
Common Stock	08/23/2025		F		532	D	$16.9	284,891.7	D
Common Stock								5,000(1)(2)	I	By Trust(1)
Common Stock								21,000(1)(3)	I	As custodian for UTMA Accounts for minors(3)

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
Restricted Stock Units	$0	08/23/2025		M			500	(4)	(4)	Common Stock	500	$0	27,962	D
Restricted Stock Units	$0	08/23/2025		M			500	(5)	(5)	Common Stock	500	$0	27,462	D
Restricted Stock Units	$0	08/23/2025		M			500	(6)	(6)	Common Stock	500	$0	26,962	D
Restricted Stock Units	$0	08/23/2025		M			246	(7)	(7)	Common Stock	246	$0	26,716	D
Restricted Stock Units	$0	08/23/2025		M			454	(8)	(8)	Common Stock	454	$0	26,262	D

Explanation of Responses:

1. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), the Reporting Person disclaims beneficial ownership of any securities reported in this filing, except to the extent of his pecuniary interest therein, if any, and this Amendment shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or otherwise.

2. As a trustee of a trust formed for the benefit of a child of the Reporting Person (the "Trust"), the Reporting Person may be deemed to exercise voting and investment power over the shares of common stock of Daktronics, Inc. ("Common Stock") held by the Trust.

3. Represents securities held in 3 separate custodial accounts under the UTMA. The Reporting Person is the custodian of the UTMA accounts for the benefit of his children.

4. Restricted Stock Units granted on 09/03/2020 vest 20% each year for five years beginning on 08/23/2021. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.

5. Restricted Stock Units granted on 09/02/2021 vest 20% each year for five years beginning on 08/23/2022. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.

6. Restricted Stock Units granted on 09/07/2022 vest 20% each year for five years beginning on 08/23/2023. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.

7. Restricted Stock Units granted on 09/11/2023 vest 20% each year for five years beginning 08/23/2024. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.

8. Restricted Stock Units granted on 09/09/2024 vest 20% each year for five years beginning on 08/23/2025. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.

Remarks:

	Matthew J. Kurtenbach	08/26/2025
	** 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 insider transactions did Daktronics (DAKT) report on 08/23/2025?

The Form 4 reports an acquisition of 2,200 shares at $0 (vesting/code M), a sale of 532 shares at $16.90, and multiple vested restricted stock units delivered to the reporting person on 08/23/2025.

How many shares does Matthew J. Kurtenbach beneficially own after the reported transactions?

The filing shows 285,423.7 shares directly beneficially owned following the reported transactions, plus indirect holdings of 5,000 (trust) and 21,000 (UTMA custodial accounts).

Were the reported share acquisitions paid for in cash?

No cash price was reported for the 2,200 acquired shares (code M); vested restricted stock units were reported with a price of $0, indicating delivery on vesting rather than a cash purchase.

Do the transactions indicate any unusual or non-routine activity?

No. The transactions appear to be scheduled vesting of RSUs and a small sale of 532 shares, consistent with routine compensation and liquidity activity.

Does the reporting person claim beneficial ownership of the indirect holdings?

The reporting person disclaims beneficial ownership except for pecuniary interest; however, as trustee and UTMA custodian he may be deemed to exercise voting or investment power over those shares.