[Form 4] DAKTRONICS INC /SD/ Insider Trading Activity
Rhea-AI Filing Summary
Reece A. Kurtenbach, a director of Daktronics, reported receiving 25,211 shares of Daktronics common stock as a gift from a grantor retained annuity trust on 08/21/2025 at a reported price of $0. After the transaction, Kurtenbach beneficially owns 587,946 shares directly. The filing also discloses 17,400 shares held indirectly by the reporting person’s spouse. The Form 4 was signed by Reece A. Kurtenbach on 09/19/2025 and indicates the acquisition was reported under transaction code G for a gift.
Positive
- None.
Negative
- None.
Insights
TL;DR: Director received a gift of 25,211 shares, modestly increasing direct holdings to 587,946 shares; transaction is non-cash and disclosed on Form 4.
The report documents a non-cash transfer into the reporting person's beneficial ownership via a grantor retained annuity trust. The acquisition is recorded as a gift (code G) with no purchase price, so it does not affect company liquidity or reflect market purchases by an insider. For investors, the filing updates insider ownership levels but does not signal an operational change or cash-based insider accumulation.
TL;DR: Disclosure complies with Section 16 reporting: gift recorded, ownership updated, and form signed by the reporting director.
The Form 4 shows appropriate disclosure of the date, transaction code, amount received, and resulting beneficial ownership, plus indirect holdings via spouse. The filing identifies the transaction as a gift from a grantor retained annuity trust and includes the reporting person’s manual signature. From a governance standpoint, the filing appears routine and timely in its elements shown.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 25,211 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
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