[Form 4] DAKTRONICS INC /SD/ Insider Trading Activity
Carla S. Gatzke, a director and the Secretary and Vice President of Human Resources at Daktronics, reported a non‑derivative acquisition of 25,212 shares of Daktronics common stock on 08/21/2025 via a transaction coded "G" (a gift from a grantor retained annuity trust). After the reported transaction she beneficially owns 746,248 shares directly and an additional 183,376 shares indirectly through a 401(k) plan. The Form 4 is signed on 09/19/2025. No proceeds or purchase price were paid for the acquired shares (price reported as $0).
- Acquisition of 25,212 shares increases direct beneficial ownership, indicating continued insider stake in the company.
- Transparent disclosure with transaction code "G" and explanation that the shares were a gift from a grantor retained annuity trust.
- None.
Insights
TL;DR Insider ownership modestly increased through a gift; transaction is informative but likely not material to valuation.
The reported acquisition of 25,212 shares via a grantor retained annuity trust increases Ms. Gatzke's direct stake to 746,248 shares and total reported beneficial ownership when including the 401(k) to 929,624 shares. The transaction code "G" and the $0 price indicate this was a transfer by gift rather than an open‑market purchase, so it does not reflect a market signal about future expectations. For investors, the key datapoints are the share counts and the nature of the transfer; there are no sales, options exercises, or proceeds that would affect company cash or share float.
TL;DR Governance note: an officer/director received shares by gift; disclosure aligns with Section 16 reporting requirements.
The Form 4 discloses required details: reporting person, relationship to the issuer (director and officer), transaction date, and the explanation that the shares were a gift from a grantor retained annuity trust. The filing appears complete for this single transaction—showing direct and indirect holdings and the indirect 401(k) interest. The timing and form of transfer (gift) reduce immediate governance concerns such as opportunistic insider sales, but stakeholders may track subsequent filings for any related transfers or changes in ownership intent.