Daktronics Inc SEC Filings

Bradley T. Wiemann, President and CEO of Daktronics, reported changes in his beneficial ownership on Form 4. On 08/23/2025 he received 2,200 shares via vesting of restricted stock units (RSUs) recorded as non‑derivative acquisitions at $0 per share and recognized as five separate RSU vesting events tied to prior grants. He also sold 532 shares on the same date at $16.90 per share. After the transactions, Wiemann beneficially owned approximately 106,362 to 106,894 shares in the issuer depending on the line reported. The filing is signed 08/26/2025 and shows that vested RSUs will be delivered “as soon as practicable” following vesting.

Insider transactions by Carla S. Gatzke, Secretary and VP of Human Resources at Daktronics, Inc. (DAKT): The Form 4 shows acquisitions and dispositions on 08/23/2025. Ms. Gatzke acquired 1,973 shares of common stock at no cash price under a plan code "M" and purchased 968 shares between May 1, 2025 and August 23, 2025 through the company 401(k) plan, bringing her direct beneficial ownership to 704,854 shares. She disposed of 114 shares at $16.90 each. Multiple restricted stock unit awards vested or were recorded as vested on 08/23/2025, adding scheduled deliveries totaling several hundred shares and leaving 23,139 restricted-stock-unit-backed shares reported as directly owned. The filing is a routine insider report documenting plan purchases, a small sale, and scheduled RSU vesting.

Matthew J. Kurtenbach, VP of Manufacturing at Daktronics, Inc. (DAKT), reported several insider transactions dated 08/23/2025. The filing shows an acquisition of 2,200 shares at no cash price (code M), a sale of 532 shares at $16.90 each, and continued beneficial holdings including 285,423.7 shares reported after the transactions (direct). The report also discloses indirect holdings: 5,000 shares held in a trust and 21,000 shares held as UTMA custodial accounts. Multiple restricted stock units vested into common stock on 08/23/2025, resulting in incremental increases in directly held shares.

Daktronics insider Sheila M. Anderson, listed as CDAO and an officer, reported several equity transactions on 08/23/2025. The filing shows a net acquisition of 1,973 shares of common stock (Code M) at $0 and a sale of 235 shares at $16.90 each, leaving the reporting person with 41,232.94 shares directly after the sale. The filing also discloses 8,522 shares indirectly held via a 401(k).

The report lists multiple restricted stock unit vestings dated 08/23/2025: awards from 2020–2024 that vested in amounts of 500, 500, 500, 246 and 227 RSUs, increasing the number of underlying common shares held. Each RSU grant description states vested shares will be delivered as soon as practicable.

Daktronics insider transaction and correction: Bradley T. Wiemann, identified as President and CEO, acquired 7,500 shares of Daktronics common stock on 08/07/2025 at a reported price of $8.51 per share. The Form 4/A shows 7,500 related incentive stock options with an $8.51 exercise/conversion price and a referenced exercisable date of 09/03/2025.

The amendment corrects the previously reported post-transaction beneficial ownership, increasing it from 93,319.964 shares to 104,693.926 shares following the reported transaction. The filing also restates the original option vesting schedule (20% per year across five years, with vesting dates beginning 08/23/2016 and concluding 08/23/2020).

Daktronics, Inc. is asking shareholders to vote at its September 3, 2025 annual meeting on four proposals: elect four directors, approve an advisory vote on executive compensation, ratify Deloitte & Touche as auditor, and approve a new 2025 Stock Incentive Plan. As of the record date of July 16, 2025, 49,120,799 shares were outstanding and 800 stockholders of record were eligible to vote. The Board recommends a vote FOR all proposals.

The proxy shows governance changes driven by cooperation agreements: the Board increased its size from nine to ten directors and nominated two new directors, and Alta Fox (beneficially owning 4,973,599 shares or 9.9%) has a cooperation agreement that includes a standstill, voting commitments, and a renomination covenant that affected one incumbent director’s renomination. The 2025 Plan would reserve 2,300,000 new shares plus 1,381,079 rolled from the 2020 Plan. The Company also reports conversion and payments on a previously issued convertible note totaling principal conversion of $25.0 million and related interest activity disclosed in the proxy.

Sheila M. Anderson, Chief Data and Analytics Officer of Daktronics, reported option exercise and a sale of common stock. The filing shows an exercise of 7,500 incentive stock options at an exercise price of $8.51, resulting in acquisition of 7,500 common shares. The report also discloses a sale of 3,839 common shares at $16.86. In addition, Ms. Anderson is shown as indirectly beneficially owning 8,522 shares via a 401(k).

The transactions were reported on the form and reflect changes in Ms. Anderson’s direct and indirect holdings; the exercise left no derivative securities reported as beneficially owned.

Bradley T. Wiemann, identified as President and CEO of Daktronics (DAKT), reported acquiring 7,500 shares via incentive stock options on 08/07/2025 with an exercise price of $8.51 per share. The reported transaction increases his direct beneficial ownership to 93,319.964 shares.

The derivative table shows the 7,500 incentive stock options at the same $8.51 price, listed as exercisable on 09/03/2025. The filing includes a vesting note that these incentive stock options vested 20% per year over five years with vesting dates from 08/23/2016 through 08/23/2020. The report lists no derivative securities beneficially owned following the reported transaction (0) and identifies Wiemann as an officer and director.