[Form 4] DAKTRONICS INC /SD/ Insider Trading Activity

Rhea-AI Filing Summary

DAKT Form 4: Director Lance D. Bultena reported an acquisition of 3,535 shares of Daktronics Inc. common stock on 09/15/2025 at a reported price of $24.04 per share. After this transaction he beneficially owns 47,040 shares. The reported shares are restricted stock that vests one year from the grant date, per the form's explanation. The filing identifies Mr. Bultena as a director and was signed on 09/16/2025.

Positive

• Director equity alignment: 3,535 restricted shares vesting in one year align the director's interests with shareholders
• Transparent disclosure: Form 4 reports transaction date, price ($24.04), and resulting beneficial ownership (47,040 shares)

Negative

• Potential dilution: The grant increases outstanding director-held shares by 3,535, though the form does not state total shares outstanding to assess magnitude
• No vesting schedule detail beyond one year: Form notes one-year vesting but provides no additional terms (e.g., forfeiture conditions) in this filing

Insights

Corporate Governance Expert

TL;DR: Director received a time‑vested restricted stock grant of 3,535 shares, aligning interests with shareholders without immediate sale.

The Form 4 discloses a routine director equity grant that vests one year from grant date. Such restricted awards are commonly used to retain directors and align their incentives with long‑term shareholder value. The transaction increased the director's beneficial ownership to 47,040 shares and was executed at $24.04 per share. There is no indication of derivative transactions or immediate disposition. From a governance perspective, the disclosure is standard and transparent.

Securities Analyst

TL;DR: The filing shows a straightforward equity grant; impact on share count and immediate dilution is limited to the granted amount.

The reported acquisition of 3,535 restricted shares represents a definable increase in the director's stake. The Form 4 lists the acquisition code as A and the shares are restricted with vesting one year later, implying no immediate market sale. The price reported ($24.04) documents the grant valuation for disclosure; the form does not provide companywide share count, so percent dilution cannot be calculated from this filing alone.

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).

1. Name and Address of Reporting Person^*

BULTENA LANCE DEAN

(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)
09/15/2025

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	09/15/2025		A		3,535(1)	A	$24.04	47,040	D

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. Restricted Stock that vests one year from grant date.

Remarks:

	Lance D. Bultena	09/16/2025
	** 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 transaction did Lance D. Bultena report on the DAKT Form 4?

He reported an acquisition of 3,535 shares of Daktronics common stock on 09/15/2025 at a price of $24.04 per share.

How many Daktronics shares does the reporting person beneficially own after the transaction?

The Form 4 reports 47,040 shares beneficially owned following the reported transaction.

Are the acquired shares immediately exercisable or restricted?

The filing states the shares are restricted stock that vests one year from the grant date.

What is the reporting person's relationship to Daktronics?

The form identifies Lance D. Bultena as a Director of Daktronics Inc.

When was the Form 4 signed by the reporting person?

The signature block shows Lance D. Bultena signed the form on 09/16/2025.