Daktronics (NASDAQ: DAKT) VP gets 3,798 shares in RSU vesting
Rhea-AI Filing Summary
Daktronics Inc. (DAKT) reported insider equity activity by Matthew John Kurtenbach, VP of Manufacturing. On 2026-08-23, multiple tranches of Restricted Stock Units vested and were exercised into an aggregate of 3,798 shares of common stock. Of these, 921 shares of common stock were withheld at $19.00 per share to satisfy tax withholding obligations upon RSU vesting. The filing also reports indirect holdings of 5,000 shares held by a trust for a child and 21,000 shares held in three UTMA custodial accounts for his children, with beneficial ownership disclaimed except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,877 shares
Net Buy
17 txns
Insider
Kurtenbach Matthew John
Role
VP of Manufacturing
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F6 | 500 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F7 | 500 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F8 | 246 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F9 | 454 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F10 | 2,098 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 500 | -- | -- |
| Tax Withholding | Common Stock F2 | 121 | $19.00 | $2K |
| Exercise | Common Stock F1 | 500 | -- | -- |
| Tax Withholding | Common Stock F2 | 121 | $19.00 | $2K |
| Exercise | Common Stock F1 | 246 | -- | -- |
| Tax Withholding | Common Stock F2 | 59 | $19.00 | $1K |
| Exercise | Common Stock F1 | 454 | -- | -- |
| Tax Withholding | Common Stock F2 | 110 | $19.00 | $2K |
| Exercise | Common Stock F1 | 2,098 | -- | -- |
| Tax Withholding | Common Stock F2 | 510 | $19.00 | $10K |
| holding | Common Stock F3, F4 | -- | -- | -- |
| holding | Common Stock F3, F5 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 8,647 shares (Direct);
Common Stock — 341,382.7 shares (Direct);
Common Stock — 5,000 shares (Indirect, By Trust);
Common Stock — 21,000 shares (Indirect, As custodian for UTMA Accounts for minors)
Footnotes (10)
- F1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Daktronics, Inc. common stock.
- F2. Represents the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of RSUs previously granted to the Reporting Person.
- F3. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), the Reporting Person disclaims beneficial ownership of any securities reported in this filing, except to the extent of his pecuniary interest therein, if any, and this Amendment shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
- F4. As a trustee of a trust formed for the benefit of a child of the Reporting Person (the "Trust"), the Reporting Person may be deemed to exercise voting and investment power over the shares of common stock of Daktronics, Inc. ("Common Stock") held by the Trust.
- F5. Represents securities held in 3 separate custodial accounts under the Uniform Transfers to Minors Act (the "UTMA"). The Reporting Person is the custodian of the UTMA accounts held for the benefit of his children.
- F6. Represents RSUs granted on 9/2/2021 under the Daktronics, Inc. 2020 Stock Incentive Plan. The RSUs vest in five equal installments beginning August 23, 2022, subject to certain vesting, forfeiture, and terminative provisions.
- F7. Represents RSUs granted on 9/8/2022 under the Daktronics, Inc. 2020 Stock Incentive Plan. The RSUs vest in five equal installments beginning August 23, 2023, subject to certain vesting, forfeiture, and terminative provisions.
- F8. Represents RSUs granted on 9/11/2023 under the Daktronics, Inc. 2020 Stock Incentive Plan. The RSUs vest in five equal installments beginning August 23, 2024, subject to certain vesting, forfeiture, and terminative provisions.
- F9. Represents RSUs granted on 9/9/2024 under the Daktronics, Inc. 2020 Stock Incentive Plan. The RSUs vest in five equal installments beginning August 23, 2025, subject to certain vesting, forfeiture, and terminative provisions.
- F10. Represents RSUs granted on 7/28/2025 under the Daktronics, Inc. 2020 Stock Incentive Plan. The RSUs vest in four equal installments beginning August 23, 2026, subject to certain vesting, forfeiture, and terminative provisions.
Key Figures
RSUs exercised: 3,798 shares
Shares withheld for taxes: 921 shares
Tax withholding price: $19.00 per share
+4 more
7 metrics
RSUs exercised
3,798 shares
Total derivative exercises (code M) reported on 2026-08-23
Shares withheld for taxes
921 shares
Common stock with transaction code F for tax withholding on 2026-08-23
Tax withholding price
$19.00 per share
Price applied to F-code tax-withholding transactions in common stock
Indirect trust holdings
5,000 shares
Common stock held indirectly by a trust for a child, as of 2026-08-23
Indirect UTMA holdings
21,000 shares
Common stock held indirectly in three UTMA custodial accounts, as of 2026-08-23
Derivative transactions count
5 transactions
Total RSU (derivative) transactions with code M in the filing
Tax-withholding transactions count
5 transactions
Non-derivative common stock transactions with code F for tax withholding
Key Terms
Restricted Stock Units, pecuniary interest, Uniform Transfers to Minors Act, Section 16, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit ("RSU") represents the contingent right to receive"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
Uniform Transfers to Minors Act regulatory
"held in 3 separate custodial accounts under the Uniform Transfers to Minors Act"
Section 16 regulatory
"For purposes of Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
tax withholding obligations financial
"deemed withheld to satisfy tax withholding obligations upon vesting of RSUs"
FAQ
What insider transactions did DAKT VP Matthew John Kurtenbach report on 2026-08-23?
Matthew John Kurtenbach reported the vesting and exercise of RSUs into 3,798 shares of Daktronics common stock, with 921 shares withheld at $19.00 per share to cover tax withholding obligations related to those RSU vestings.
What RSU activity did the Daktronics (DAKT) Form 4 disclose?
The Form 4 discloses the exercise or conversion of 3,798 RSUs into common stock on 2026-08-23, tied to grants from 2021 through 2025 under the Daktronics, Inc. 2020 Stock Incentive Plan, each vesting in scheduled installments per the attached footnotes.
What indirect holdings of Daktronics (DAKT) stock are reported for Matthew John Kurtenbach?
Indirect holdings include 5,000 shares of common stock held by a trust for the benefit of a child, and 21,000 shares held in three custodial UTMA accounts for his children. Beneficial ownership is disclaimed except to the extent of any pecuniary interest.
Does the Daktronics (DAKT) Form 4 indicate trades under a Rule 10b5-1 plan?
The document-level Rule 10b5-1 checkbox for this Form 4 is not checked, and the footnotes do not reference any Rule 10b5-1 trading plan. The reported RSU vestings and related tax withholdings are therefore not described as occurring under such a plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
