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Daktronics, Inc. announced two administrative updates. The company amended its cooperation agreement with Alta Fox to extend the deadline for holding an Investor Day from December 31, 2025 to May 2, 2026, aligning with its fiscal year end. As of October 24, 2025, Alta Fox owned approximately 4,430,799 shares of Daktronics common stock. All other terms of the original agreement remain in effect.
Separately, Daktronics amended the consulting agreement with director Reece A. Kurtenbach, extending the term from November 1, 2025 through January 31, 2026, with compensation of $30,000 per month during the extended term and pro‑rata payment if terminated for convenience mid‑month. All other terms of the original consulting agreement remain unchanged. The amendments were filed as Exhibits 10.1 and 10.2.
Mark F. Bowser, a director of Daktronics, Inc. (DAKT), reported an acquisition of 3,535 shares of the issuer's common stock on 09/15/2025 at a price of $24.04 per share. The shares were granted as restricted stock under the Daktronics, Inc. 2025 Stock Incentive Plan and are stated to vest in approximately one year.
The Form 4 indicates the reporting person filed as an individual reporting person and signed the form on 09/23/2025. No options, dispositions, or derivative transactions are reported on this Form 4.
Mark F. Bowser, identified as a director of Daktronics Inc. (DAKT), submitted an initial Section 16 Form 3 reporting that he does not beneficially own any securities of the issuer. The filing lists his business address in Brookings, South Dakota, and includes a signed statement confirming that no securities are beneficially owned. The Form 3 indicates this is an initial ownership disclosure for a reporting person associated with the company.
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).
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.
Matthew J. Kurtenbach, VP of Manufacturing at Daktronics, reported receipt of 25,211 shares of Daktronics common stock as a gift on 08/21/2025. The Form 4 shows the shares were received at a $0 price from a grantor retained annuity trust and increased his reported beneficial ownership to 310,102.7 shares. The filing also discloses 5,000 shares held indirectly by a trust for the benefit of his child and 21,000 shares held in three UTMA custodial accounts for his children, where he serves as trustee/custodian. The filing includes a legal disclaimer that he disclaims beneficial ownership except to the extent of any pecuniary interest.
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).
Form 144 notice for DAKT reporting a proposed sale of 9,944 common shares acquired and to be sold on 09/17/2025. The shares were obtained that same day through a stock option exercise from the issuer and payment was made in cash. The filer lists an aggregate market value of $229,599.00 for the shares and reports 48,530,238 shares outstanding for the class. The intended sale is through Morgan Stanley Smith Barney LLC on NASDAQ. The filer indicates no securities sold in the past three months and includes the standard attestation about absence of undisclosed material information.
Andrew D. Siegel, a director of Daktronics, acquired 3,535 restricted shares on 09/15/2025 at $24.04 per share. After the transaction he beneficially owns 46,981 shares directly and 163,345 shares indirectly through Prairieland Holdco, LLC. The restricted stock vests one year from the grant date. The filing states Mr. Siegel is the sole member and president of the manager of Prairieland Holdco, LLC, which explains the indirect ownership. This Form 4 reports an insider purchase and provides the vesting condition for the newly acquired shares.
DAKT Form 4: Director Lance D. Bultena reported an acquisition of 3,535 shares of Daktronics Inc. common stock on 09/15/2025 at a reported price of $24.04 per share. After this transaction he beneficially owns 47,040 shares. The reported shares are restricted stock that vests one year from the grant date, per the form's explanation. The filing identifies Mr. Bultena as a director and was signed on 09/16/2025.