[Form 4] DAKTRONICS INC /SD/ Insider Trading Activity

Rhea-AI Filing Summary

John P. Friel, a director of Daktronics Inc. (DAKT), reported both a sale and a grant on 09/15/2025. He sold 13,479 shares of common stock at $23.5812 per share, and received a grant of 3,535 restricted shares at an indicated price of $24.04 that vest one year from the grant date. After these transactions his reported beneficial ownership is 77,629 shares (direct).

The Form 4 shows the sale reduced liquidity holdings but the restricted stock award increases his long-term stake subject to vesting. All details are presented as reported; no additional context, motives, or company guidance is included in the filing.

Positive

• Restricted stock grant of 3,535 shares increases the director's long-term stake subject to vesting
• Net reported direct ownership after transactions is 77,629 shares, showing continued economic interest

Negative

• Sale of 13,479 shares at $23.5812 reduced the director's immediate equity stake
• Restricted shares vest in one year, so they are not immediately liquid or free of conditions

Insights

Corporate Governance Expert

TL;DR: Director sold shares while receiving restricted stock — a mix of liquidity and continued long-term alignment.

The sale of 13,479 shares at $23.5812 provides immediate liquidity and is a routine reportable disposition under Section 16 rules. The concurrent grant of 3,535 restricted shares at $24.04 that vest in one year aligns the director with shareholder interests over the vesting period. Net reported direct ownership increased to 77,629 shares, indicating continued economic exposure despite the sale. This combination is commonly used to meet personal liquidity needs while maintaining long-term alignment.

Securities Analyst

TL;DR: Mixed transaction, but not a materially new signal about company fundamentals.

The Form 4 discloses a routine open-market sale and an insider grant; neither item by itself indicates material corporate developments. The sale price ($23.5812) and grant price ($24.04) are explicit, and the restricted shares carry a one-year vesting condition. For investors, this is a disclosure of insider activity rather than a change to operational or financial outlooks.

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

OMB APPROVAL

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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).

1. Name and Address of Reporting Person^*

Friel John Patrick

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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	09/15/2025		S		13,479	D	$23.5812	74,094	D
Common Stock	09/15/2025		A		3,535(1)	A	$24.04	77,629	D

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

Explanation of Responses:

1. Restricted Stock that vests one year from grant date.

Remarks:

	John P. Friel	09/16/2025
	** 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 transactions did John P. Friel report on Form 4 for DAKT?

He sold 13,479 shares at $23.5812 and was granted 3,535 restricted shares at $24.04 on 09/15/2025.

How many shares does John P. Friel beneficially own after the reported transactions?

He beneficially owns 77,629 shares (direct) following the reported transactions.

When do the restricted shares granted to John P. Friel vest?

The restricted stock vests one year from the grant date, per the Form 4 explanation.

Do the Form 4 transactions indicate a change in Mr. Friel's role at Daktronics?

No role change is disclosed; the form lists him as a director and contains only the trading and grant details.

Were the transactions reported as individual or joint filings?

The Form 4 was filed by one reporting person (John P. Friel).