Daktronics Insider Filing: 25,240 Options Reported; 9,944-Share Sale

Rhea-AI Filing Summary

Insider transactions at Daktronics, Inc. (DAKT)

On 09/17/2025 Carla S. Gatzke, Secretary and VP of Human Resources and an officer of Daktronics, reported multiple transactions involving incentive stock options and common stock. Ms. Gatzke was the recipient of four groups of incentive stock options on 09/17/2025 totaling 25,240 options exercisable into common stock at prices of $9.57, $9.63, $7.83 and $7.47; each option group has zero shares outstanding following the reported transaction. The filing also discloses a sale of 9,944 shares of common stock at $23.0892 per share. Following the reported transactions, Ms. Gatzke directly beneficially owns 721,036 shares, and indirectly holds 183,376 shares via a 401(k).

Positive

• Receipt of incentive stock options across four series on 09/17/2025 (totaling 25,240 options) with exercise prices of $9.57, $9.63, $7.83 and $7.47
• Clear vesting schedules are provided for each option series, documenting the multi-year vesting history

Negative

• Sale of 9,944 common shares at $23.0892 per share on 09/17/2025, reducing direct holdings
• No disclosure in this filing of any change to indirect 401(k) holdings beyond the stated 183,376 shares (no further detail provided)

Insights

Securities Analyst

TL;DR: Officer exercised incentive stock options and reported a small open-market sale; sizable direct and 401(k) holdings remain.

The Form 4 shows Ms. Carla Gatzke received multiple incentive stock option awards (totaling 25,240 options across four grant series) with exercise prices from $7.47 to $9.63 on 09/17/2025 and recorded a sale of 9,944 common shares at $23.0892 each. Post-transactions, direct beneficial ownership is 721,036 shares and indirect 401(k) ownership is 183,376 shares. From an investor-reporting perspective, these are routine Section 16 disclosures documenting option grants/exercises and an open-market sale by an officer rather than an unexpected change in control or financing event.

Corporate Governance Expert

TL;DR: Transactions are standard executive compensation and reporting activity with no explicit governance red flags in the filing.

The filing lists incentive stock options with stated vesting histories and exercise prices and documents a contemporaneous sale of 9,944 shares. Vesting schedules are provided for each option series. The signature and reporting details are complete. The filing contains no statements of amendment, no transfers to related parties, and no other atypical governance actions disclosed in this Form 4.

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

OMB Number:			3235-0287
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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^*

GATZKE CARLA S

(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)
	Secretary and VP of Human Reso

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025

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	09/17/2025		M		6,870	A	$9.57	711,610	D
Common Stock	09/17/2025		M		6,870	A	$9.63	718,480	D
Common Stock	09/17/2025		M		6,250	A	$7.83	724,730	D
Common Stock	09/17/2025		M		6,250	A	$7.47	730,980	D
Common Stock	09/17/2025		S		9,944	D	$23.0892	721,036	D
Common Stock								183,376	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
Incentive Stock Option	$9.57	09/17/2025		M			6,870	(1)	08/31/2026	Common Stock	6,870	$9.57	0	D
Incentive Stock Option	$9.63	09/17/2025		M			6,870	(2)	08/30/2027	Common Stock	6,870	$9.63	0	D
Incentive Stock Option	$7.83	09/17/2025		M			6,250	(3)	09/05/2028	Common Stock	6,250	$7.83	0	D
Incentive Stock Option	$7.47	09/17/2025		M			6,250	(4)	09/04/2029	Common Stock	6,250	$7.47	0	D

Explanation of Responses:

1. Incentive Stock Options 20% vested each year for a total of five years - vesting schedule 8/23/2017, 8/23/2018, 08/23/2019, 08/23/2020, 08/23/2021.

2. Incentive Stock Options 20% vested each year for a total of five years - vesting schedule 8/23/2018, 8/23/2019, 08/23/2020, 08/23/2021, 08/23/2022.

3. Incentive Stock Options 20% vested each year for a total of five years - vesting schedule 8/23/2019, 8/23/2020, 08/23/2021, 08/23/2022, 08/23/2023.

4. Incentive Stock Options 20% vested each year for a total of five years - vesting schedule 08/23/2020, 08/23/2021, 08/23/2022, 08/23/2023, 08/23/2024.

Remarks:

	Carla S. Gatzke	09/18/2025
	** 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 Carla S. Gatzke report on the Form 4 for DAKT?

Answer: On 09/17/2025 Ms. Gatzke reported receipt/exercise events for incentive stock options (totaling 25,240 options across four series) and a sale of 9,944 common shares at $23.0892 each.

How many shares does Ms. Gatzke beneficially own after the reported transactions?

Answer: The Form 4 shows 721,036 shares beneficially owned directly and 183,376 shares indirectly via a 401(k).

What are the exercise prices and dates for the incentive stock options reported?

Answer: Options reported on 09/17/2025 have exercise prices of $9.57, $9.63, $7.83 and $7.47; each series includes the vesting schedules listed in the filing.

Was this Form 4 filed jointly or by a single reporting person?

Answer: The filing indicates it was submitted by one reporting person (Form filed by One Reporting Person checked).

Does the filing state the relationship of the reporting person to Daktronics?

Answer: Yes. Ms. Gatzke is identified as an Officer (Secretary and VP of Human Resources) and marked as a Director on the form.