DAKT Form 4: Insider Moves 33K Shares from 401(k), Retains Large Stake

Rhea-AI Filing Summary

Form 4 key takeaway: On 7 July 2025, Daktronics Inc. (DAKT) Director Reece A. Kurtenbach reported the disposition of 33,479 common shares that had been held in the company’s 401(k) plan. The filing indicates the shares were removed from the retirement account rather than sold on the open market, with no price disclosed. Following the transaction, Kurtenbach continues to beneficially own 562,735 shares directly and 17,400 shares indirectly through his spouse, maintaining a total reported stake of 613,614 shares. No derivative securities were involved, and Kurtenbach remains a director of the company. Given the small size of the disposition—about 5.6 % of his total reported holdings and immaterial relative to Daktronics’ outstanding shares—the event is unlikely to have a meaningful impact on insider ownership structure or market sentiment.

Insights

Securities Analyst

TL;DR: 33k-share 401(k) disposition by director is minor versus 580k+ remaining stake; neutral for stock.

The filing shows an administrative removal of 33,479 Daktronics shares from Reece Kurtenbach’s 401(k). With 562,735 shares still owned directly and 17,400 indirectly, his economic exposure remains substantial. The absence of a sale price and the use of code “I” suggest the move could be a rollover or distribution rather than a deliberate market sale, mitigating bearish interpretations. No options or derivatives were exercised, and there is no indication of broader insider selling. From a governance and ownership-signal viewpoint, the change is immaterial; therefore, I assign a neutral impact rating for investors.

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
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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 Reece A

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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

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	07/07/2025		I		33,479	D	(1)	0(1)	I	by 401(k)
Common Stock								562,735	D
Common Stock								17,400	I	By Spouse

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

Explanation of Responses:

1. The Reporting Person disposed of 33,479 shares of common stock of Daktronics, Inc. (the "Issuer") under the Issuer's 401(k) Plan. The information in this Report is based on a plan statement dated as of July 7, 2025.

Remarks:

	Reece A. Kurtenbach	07/09/2025
	** 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

How many Daktronics (DAKT) shares did Reece Kurtenbach dispose of?

The Form 4 reports a disposition of 33,479 common shares from the company’s 401(k) plan.

When did the insider transaction take place?

The transaction date listed is July 7, 2025.

How many DAKT shares does Kurtenbach still own after the transaction?

He retains 562,735 shares directly and 17,400 shares indirectly through his spouse.

Were any derivative securities involved in this Form 4 filing?

No. No options, warrants, or other derivatives were reported.

Does the filing disclose the sale price of the shares?

No price was disclosed; the shares were removed from a 401(k) account, implying a non-market disposition.