[Form 4] Daktronics Inc Insider Trading Activity

Rhea-AI Filing Summary

Vice President of Manufacturing Matthew J. Kurtenbach reported an equity award on SEC Form 4 for Daktronics (DAKT). On 07/28/2025 he received 8,391 Restricted Stock Units (code “A” – award) that convert 1-for-1 into common shares at a cost of $0. The RSUs vest 25 % per year beginning 08/23/2026, providing a four-year retention incentive.

After the grant Kurtenbach beneficially owns 28,462 RSUs. No open-market purchases or sales of common stock were disclosed, and all holdings remain direct. The filing is routine compensation and contains no financial guidance or operating metrics.

Implications: the award modestly increases potential dilution but enhances management–shareholder alignment by tying a portion of compensation to future share performance. Overall impact on valuation is minimal.

Positive

• 8,391 RSU grant increases insider equity exposure and alignment
• Total RSU holdings now 28,462 shares, reinforcing long-term commitment

Negative

• Award is compensation at $0 cost, not an open-market purchase, limiting bullish signal strength
• Slight incremental dilution, though immaterial to share count

Insights

Securities Analyst

TL;DR: Routine RSU grant; neutral valuation impact, slight alignment positive.

The 8,391-unit award raises Kurtenbach’s unvested stake to 28,462 shares but involves no cash outlay, so it does not reflect insider conviction through buying. Vesting over four years supports retention yet adds only ~0.02 % potential dilution to Daktronics’ 46 M share base—statistically immaterial. Investors should view the filing as standard compensation rather than a trading signal.

Corporate Governance Expert

TL;DR: Properly structured, time-based RSU grant aligns incentives; governance sound.

The time-based vesting schedule complies with best-practice pay-for-performance principles, encouraging long-term value creation. No 10b5-1 plan is referenced, but disclosure appears complete and timely. Because awards are common in peer groups, governance risk remains low. Impact on shareholder rights or control is negligible.

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 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)
07/28/2025

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

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	(1)	07/28/2025		A		8,391		(2)	(2)	Common Stock	8,391	$0	28,462	D

Explanation of Responses:

1. Each Restricted Stock Unit represents the contingent right to receive one share of Daktronics, Inc. common stock.

2. Restricted Stock Units granted on 07/28/2025 vest 25% each year for four years beginning on 08/23/2026. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.

Remarks:

	Matthew J. Kurtenbach	07/30/2025
	** 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 RSUs did Daktronics (DAKT) grant to the VP of Manufacturing?

The Form 4 shows a grant of 8,391 Restricted Stock Units on 07/28/2025.

When will the granted RSUs to Matthew Kurtenbach vest?

They vest 25 % annually over four years, starting 08/23/2026.

What is the insider's total RSU holding after the transaction?

Kurtenbach now beneficially owns 28,462 RSUs following the award.

Was any cash paid for the RSUs in this Form 4?

No. The transaction code "A" indicates an equity award at $0 cost to the insider.

Does the filing indicate any open-market buying or selling by the insider?

No open-market transactions were reported; only an RSU grant was disclosed.