Daktronics (DAKT) CDAO exercises RSUs, withholds shares for taxes

Rhea-AI Filing Summary

Daktronics Inc. chief data and analytics officer Sheila Mae Anderson exercised 4,653 Restricted Stock Units on March 5, 2026, receiving the same number of common shares at a price of $0.00 per share. Following this, 1,379 common shares were disposed of at $22.99 per share to cover tax obligations, a tax-withholding transaction rather than an open-market sale.

After these transactions, Anderson directly held 44,506.94 common shares and 20,724 Restricted Stock Units. She also indirectly held 8,522 common shares through a 401(k) plan. According to the footnote, these Restricted Stock Units vest in three substantially equal installments on the first, second, and third anniversaries of March 5, 2025, and become fully vested upon a qualifying Change in Control Termination, with vested shares delivered as soon as practicable after each vesting date.

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^*

Anderson Sheila Mae

(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)
	CDAO

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		4,653	A	$0	45,885.94	D
Common Stock	03/05/2026		F		1,379	D	$22.99	44,506.94	D
Common Stock								8,522	I	by 401k

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			4,653	(1)	(1)	Common Stock	4,653	$0	20,724	D

Explanation of Responses:

1. 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:

	Sheila M Anderson	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 activity did Daktronics (DAKT) report for Sheila Mae Anderson?

Daktronics reported that CDAO Sheila Mae Anderson exercised 4,653 Restricted Stock Units into common shares and then disposed of 1,379 shares to satisfy tax obligations. The transactions occurred on March 5, 2026, and were reported as direct ownership changes.

How many Daktronics (DAKT) shares did Sheila Mae Anderson acquire and dispose of?

Sheila Mae Anderson acquired 4,653 common shares through the exercise of Restricted Stock Units at $0.00 per share. She then disposed of 1,379 common shares at $22.99 per share in a tax-withholding transaction, reducing the net number of newly held shares from this award.

What are the vesting terms of the Daktronics (DAKT) Restricted Stock Units reported?

The 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, with vested shares delivered to Anderson as soon as practicable after each vesting date.

What are Sheila Mae Anderson’s Daktronics (DAKT) share holdings after these transactions?

After the March 5, 2026 transactions, Anderson directly held 44,506.94 common shares and 20,724 Restricted Stock Units. She also indirectly held 8,522 common shares through a 401(k) plan, reflecting both her direct equity stake and retirement-plan holdings in Daktronics.

Was the Daktronics (DAKT) share disposal by Sheila Mae Anderson an open-market sale?

The 1,379-share disposal was reported with transaction code F, meaning it was used to pay the exercise price or tax liability by delivering securities. This indicates a tax-withholding disposition, not a discretionary open-market sale on an exchange.

What role does Sheila Mae Anderson hold at Daktronics (DAKT) in this Form 4 filing?

In this Form 4, Sheila Mae Anderson is identified as an officer of Daktronics with the title CDAO, or chief data and analytics officer. The reported transactions reflect changes in her personal and 401(k) holdings of Daktronics equity and Restricted Stock Units.