Daktronics (DAKT) VP exercises RSUs and withholds shares for taxes

Rhea-AI Filing Summary

Daktronics VP of Manufacturing Matthew John Kurtenbach exercised 4,606 Restricted Stock Units into common shares on March 5, 2026, at a stated price of $0.00 per share. To cover tax obligations, 1,365 common shares were disposed of at $22.99 per share. He now directly holds 338,505.7 common shares, plus additional indirect holdings through a child’s trust and UTMA custodial accounts. The RSUs vest in three equal installments on the first, second, and third anniversaries of March 5, 2025, and become fully vested upon a qualifying Change in Control Termination.

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

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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)
03/05/2026

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	03/05/2026		M		4,606	A	$0	339,870.7	D
Common Stock	03/05/2026		F		1,365	D	$22.99	338,505.7	D
Common Stock								5,000(1)(2)	I	By Trust(1)
Common Stock								21,000(1)(3)	I	As custodian for UTMA Accounts for minors(1)(3)

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	$0	03/05/2026		M			4,606	(4)	(4)	Common Stock	4,606	$0	21,656	D

Explanation of Responses:

1. 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.

2. 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.

3. 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.

4. The Restricted Stock Units vest in three substantially equal installments on the first, second, and third anniversaries of March 5, 2025. In addition, the Restricted Stock Units shall become 100% vested upon a Change in Control Termination (as defined in the Daktronics, Inc. 2020 Stock Incentive Plan). Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.

Remarks:

	Matthew J. Kurtenbach	03/09/2026
	** 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 insider transactions did Daktronics (DAKT) report for Matthew Kurtenbach?

Daktronics reported that VP of Manufacturing Matthew Kurtenbach exercised 4,606 Restricted Stock Units into common stock and disposed of 1,365 shares to satisfy tax obligations. These transactions occurred on March 5, 2026, and adjusted his direct and indirect share holdings.

How many Daktronics (DAKT) shares does Matthew Kurtenbach hold after this Form 4?

After the reported transactions, Matthew Kurtenbach directly holds 338,505.7 Daktronics common shares. He also has indirect holdings, including 5,000 shares held by a trust for his child and 21,000 shares in three UTMA custodial accounts for his children, where he serves as custodian.

What was the nature of the 1,365 Daktronics (DAKT) shares disposed of by Matthew Kurtenbach?

The 1,365 Daktronics common shares were disposed of in a tax-withholding transaction at $22.99 per share. This means shares were withheld or delivered to cover tax liabilities tied to the RSU exercise, rather than representing an open-market sale for investment purposes.

How do Matthew Kurtenbach’s Restricted Stock Units in Daktronics (DAKT) vest?

Kurtenbach’s Restricted Stock Units vest in three substantially equal installments on the first, second, and third anniversaries of March 5, 2025. They also become 100% vested upon a Change in Control Termination under the Daktronics 2020 Stock Incentive Plan, accelerating delivery of vested shares.

What indirect Daktronics (DAKT) holdings are associated with Matthew Kurtenbach?

Indirect holdings include 5,000 Daktronics common shares held by a trust formed for a child, where Kurtenbach may exercise voting and investment power, and 21,000 shares in three UTMA custodial accounts for his children, where he serves as custodian of the accounts.

Does Matthew Kurtenbach fully admit beneficial ownership of all reported Daktronics (DAKT) shares?

The filing states Kurtenbach disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest, if any. This standard Section 16 disclaimer clarifies that reporting does not constitute an admission of full beneficial ownership for all listed securities.