Daktronics CDAO exercises options, sells shares
Daktronics CDAO Sheila Mae Anderson exercised 7,500 Incentive Stock Options into common stock at $9.5700 per share on July 1, 2026.
Rhea-AI Filing Summary
Daktronics CDAO Sheila Mae Anderson exercised 7,500 Incentive Stock Options into common stock at $9.5700 per share on July 1, 2026. On the same date she sold 3,636 shares in a sell-to-cover transaction at a weighted-average price of $20.0100 per share, with individual trades between $20.0101 and $20.0510. Following these transactions she holds 48,370.94 Daktronics common shares directly and 8,522 shares indirectly through a 401k.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Anderson Sheila Mae
Role
CDAO
Sold
3,636 shs ($73K)
Approx. gross sale proceeds
$73K
Approx. exercise cost
$72K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Incentive Stock Option | 7,500 | $9.57 | $72K |
| Exercise | Common Stock | 7,500 | $9.57 | $72K |
| Sale | Common Stock | 3,636 | $20.01 | $73K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Incentive Stock Option — 0 contracts (Direct);
Common Stock — 48,370.94 shares (Direct);
Common Stock — 8,522 shares (Indirect, by 401k)
Footnotes (2)
- F1. This sale was made pursuant to a sell-to-cover transaction in which the reporting person sold shares previously acquired to cover exercise-related obligations arising from the option exercise reported herein. The price reported for the transaction is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $20.0101 to $20.0510.
- F2. Incentive Stock Options 20% vested each year for a total of five years - vesting schedule 8/23/2017, 8/23/2018, 08/23/2019, 08/23/2020, 08/23/2021.
Key Figures
Options Exercised: 7,500.0000 shares
Exercise Price: $9.5700 per share
Shares Sold: 3,636.0000 shares
+4 more
7 metrics
Options Exercised
7,500.0000 shares
Incentive Stock Options exercised into common stock on July 1, 2026
Exercise Price
$9.5700 per share
Conversion or exercise price for Incentive Stock Options
Shares Sold
3,636.0000 shares
Common Stock sold in sell-to-cover transaction on July 1, 2026
Weighted-Average Sale Price
$20.0100 per share
Price reported as weighted-average; individual trades between $20.0101 and $20.0510
Direct Holdings After
48,370.94 shares
Canonical direct Daktronics common stock holding following the reported transactions
Indirect 401k Holdings
8,522.0000 shares
Common Stock held indirectly by 401k after the reported date
Option Vesting Pattern
20% per year over 5 years
Incentive Stock Options vesting on 8/23/2017, 2018, 2019, 2020, 2021
Key Terms
Incentive Stock Option, sell-to-cover transaction, weighted-average price, vesting schedule, +1 more
5 terms
Incentive Stock Option financial
"security_title "Incentive Stock Option" with underlying Common Stock"
An incentive stock option is a type of employee benefit that gives a worker the right to buy company shares at a fixed price, with special tax advantages if the employee holds the shares for a required period. Think of it as a coupon to buy future shares at today’s price that can result in lower tax on the gain. Investors care because ISOs can dilute share count, align staff incentives with the stock price, and affect company compensation costs and the timing of potential share sales.
sell-to-cover transaction financial
"This sale was made pursuant to a sell-to-cover transaction in which the reporting person sold shares"
A sell-to-cover transaction is when a person granted company stock (for example as part of compensation or option exercise) immediately sells enough of those shares to pay required taxes or exercise costs and keeps the rest. Think of it like cashing part of a bonus to cover the tax bill; it provides necessary cash without the holder needing outside funds. Investors watch these sales because they increase trading volume and slightly reduce insider holdings, but they often reflect routine tax or cost management rather than a judgment on the company’s prospects.
weighted-average price financial
"The price reported for the transaction is a weighted-average price"
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
vesting schedule financial
"Incentive Stock Options 20% vested each year for a total of five years - vesting schedule"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
401k financial
"nature_of_ownership "by 401k" for indirect Common Stock holdings"
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Daktronics (DAKT) CDAO Sheila Mae Anderson report in this Form 4?
Sheila Mae Anderson reported exercising 7,500 stock options at $9.5700 per share and selling 3,636 common shares on July 1, 2026. The sale was described as a sell-to-cover transaction for obligations arising from the option exercise, with remaining direct and 401k holdings disclosed.
How many Daktronics (DAKT) options did Sheila Mae Anderson exercise and at what price?
Sheila Mae Anderson exercised 7,500 Incentive Stock Options into Daktronics common stock at an exercise price of $9.5700 per share. These options were part of a grant that vested 20% each year over five years on dates from August 23, 2017 through August 23, 2021.
What are Sheila Mae Anderson’s Daktronics (DAKT) holdings after these transactions?
After the reported transactions, Sheila Mae Anderson holds 48,370.94 Daktronics common shares directly. She also has an indirect position of 8,522 shares held by 401k, reflecting retirement-plan holdings separate from her direct share ownership.
Were Sheila Mae Anderson’s Daktronics (DAKT) sales made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and the footnotes describe a sell-to-cover transaction rather than a pre-arranged trading plan. The disclosure does not identify these trades as being executed under a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
