Daktronics (DAKT) CDAO exercises 7,500 options and sell-to-cover share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Daktronics CDAO Sheila Mae Anderson reported an option exercise paired with a small sell-to-cover stock sale. She exercised 7,500 Incentive Stock Options at $9.57 per share, converting them into common stock and increasing her direct ownership.
To cover exercise-related obligations, she sold 3,636 common shares in open-market transactions at a weighted-average price of about $20.01, with individual trades ranging from $20.0101 to $20.0510. After these transactions, she directly holds 52,006.94 common shares and indirectly holds 8,522 shares through a 401k plan, indicating a net increase in her overall equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,636 shares ($72,756)
Net Sell
4 txns
Insider
Anderson Sheila Mae
Role
CDAO
Sold
3,636 shs ($73K)
| 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 shares (Direct, null);
Common Stock — 52,006.94 shares (Direct, null);
Common Stock — 8,522 shares (Indirect, by 401k)
Footnotes (1)
- 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. 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
Shares sold: 3,636 shares
Sale price: $20.0100 per share
Options exercised: 7,500 shares
+5 more
8 metrics
Shares sold
3,636 shares
Common Stock sale on 2026-07-01
Sale price
$20.0100 per share
Reported transaction price; trades ranged $20.0101–$20.0510
Options exercised
7,500 shares
Incentive Stock Option exercise on 2026-07-01
Option exercise price
$9.57 per share
Incentive Stock Option conversion price
Direct holdings after
52,006.94 shares
Common Stock directly owned following transactions
Indirect holdings after
8,522 shares
Common Stock held indirectly via 401k after transactions
Net buy/sell shares
-3,636 shares
Net buy-sell share count from transaction summary
Exercise transactions
1 transaction, 7,500 shares
Derivative exercise count and shares from summary
Key Terms
sell-to-cover transaction, Incentive Stock Option, weighted-average price, 401k
4 terms
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.
Incentive Stock Option financial
"Incentive Stock Option transaction for 7,500.0000 shares at a price of 9.5700"
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.
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.
401k financial
"Common Stock holding of 8522.0000 shares is reported as indirect ownership by 401k"
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
What insider transactions did Daktronics (DAKT) CDAO Sheila Mae Anderson report?
Sheila Mae Anderson exercised 7,500 Incentive Stock Options at $9.57 per share and sold 3,636 common shares in a sell-to-cover transaction, leaving her with increased direct and indirect ownership positions in Daktronics stock.
What options did the Daktronics (DAKT) CDAO exercise in this Form 4 filing?
She exercised 7,500 Incentive Stock Options at an exercise price of $9.57 per share. A footnote explains that these options vested 20% per year over five years, with vesting dates from August 23, 2017 through August 23, 2021.
Was the Daktronics (DAKT) CDAO’s stock sale a discretionary sale or sell-to-cover?
The filing describes the 3,636-share sale as a sell-to-cover transaction. Shares previously acquired were sold specifically to cover exercise-related obligations from the option exercise disclosed in the same Form 4.