Alta Fox group exits 5% holder status in Daktronics (DAKT) with 4.41% stake

Rhea-AI Filing Summary

Alta Fox-related entities filed Amendment No. 7 to their Schedule 13D on Daktronics Inc., updating their ownership position. Alta Fox Opportunities Fund and its related general partners, investment manager, and Connor Haley collectively report beneficial ownership of 2,130,324 common shares, representing approximately 4.41% of Daktronics’ outstanding common stock. This percentage is based on 48,305,826 shares outstanding as of July 20, 2026, as reported in Daktronics’ 2026 definitive proxy statement. The aggregate purchase price for the 2,130,324 shares is approximately $13,206,579, funded from working capital, which may include margin loans, through open-market purchases. As of August 7, 2026, the reporting persons ceased to be beneficial owners of more than 5% of Daktronics’ common stock, so this amendment is characterized as an exit filing and is intended to be the final amendment to their Schedule 13D.

Filing Explained

Alta Fox remains a 4.41% holder but is below the five-percent threshold, making this its final Schedule 13D amendment.

Alta Fox reports that, on August 7, 2026, its reporting persons ceased to beneficially own more than 5% of Daktronics common stock. They still report 2,130,324 shares, or approximately 4.41%, with shared—not sole—voting and disposition power, so the disclosed change is the group’s reporting threshold and status rather than a completed sale of all reported shares.

A Schedule 13D discloses ownership above 5% when the holder may seek to influence control, and amendments record changes in the stated stake or intent. This amendment therefore identifies the Alta Fox fund, related entities, and Connor Haley as sharing authority over the same reported 2,130,324-share position and labels the filing the final “exit filing.”

Key Figures

Shares beneficially owned: 2,130,324 shares Ownership percentage: 4.41% Shares outstanding: 48,305,826 shares +3 more

6 metrics

Shares beneficially owned 2,130,324 shares Beneficially owned by Alta Fox Opportunities and related entities

Ownership percentage 4.41% Portion of Daktronics common stock beneficially owned

Shares outstanding 48,305,826 shares Daktronics shares outstanding as of July 20, 2026

Aggregate purchase price $13,206,579 Total cost for 2,130,324 Daktronics shares, including commissions

Date below 5% threshold August 7, 2026 Date reporting persons ceased to own more than 5% of common stock

Amendment number 7 Amendment No. 7 to the Schedule 13D on Daktronics

Key Terms

beneficial owner, Schedule 13D, exit filing, working capital, +2 more

6 terms

beneficial owner financial

"may be deemed the beneficial owner of the 2,130,324 Shares owned"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Schedule 13D regulatory

"constitutes Amendment No. 7 to the filed by the undersigned"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

exit filing regulatory

"Accordingly, this Amendment constitutes an 'exit filing' and is the final"

working capital financial

"purchased with working capital (which may, at any given time, include"

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

shared voting power financial

"Shared Voting Power 2,130,324.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 2,130,324.00"

FAQ

What ownership stake in Daktronics (DAKT) does Alta Fox now report?

Alta Fox-related entities report beneficial ownership of 2,130,324 Daktronics shares, representing approximately 4.41% of the company’s outstanding common stock, based on 48,305,826 shares outstanding as of July 20, 2026.

Why is this Daktronics (DAKT) Schedule 13D amendment called an exit filing?

It is described as an exit filing because, on August 7, 2026, the reporting persons ceased to be beneficial owners of more than 5% of Daktronics’ common stock, and this amendment is intended as their final Schedule 13D update.

How much did Alta Fox pay in total for its Daktronics (DAKT) shares?

Alta Fox Opportunities’ aggregate purchase price for the 2,130,324 Daktronics shares it beneficially owns is approximately $13,206,579, including brokerage commissions, funded from working capital and possible margin loans.

What is the share count used to calculate Alta Fox’s Daktronics (DAKT) ownership percentage?

The reported ownership percentage of approximately 4.41% is calculated using 48,305,826 Daktronics shares outstanding as of July 20, 2026, as disclosed in Daktronics’ 2026 definitive proxy statement.

Which entities are included in Alta Fox’s Daktronics (DAKT) Schedule 13D group?

The group includes Alta Fox Opportunities Fund, Alta Fox GenPar, Alta Fox Equity, LLC, Alta Fox Capital Management, LLC, and Connor Haley, each of which may be deemed a beneficial owner of the same 2,130,324 shares.

How were Alta Fox’s Daktronics (DAKT) shares acquired?

Shares were acquired by Alta Fox Opportunities using working capital, which may include margin loans, through open-market purchases. Specific transaction details for the past sixty days are referenced in Exhibit 1.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/11/2026 - 05:22 PM Accepted by SEC EDGAR 08/11/2026 - 05:21 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 7)

DAKTRONICS INC /SD/

(Name of Issuer)

Common Stock, par value $0.00001 per share

(Title of Class of Securities)

234264109

(CUSIP Number)

CONNOR HALEY
ALTA FOX CAPITAL MANAGEMENT, LLC, 640 Taylor Street, Suite 2522
Fort Worth, TX, 76102
(817) 639-2369

Michal Riha
STANDISH COMPLIANCE, 200 Crescent Court, Suite 1300
Dallas, TX, 75201
817.659.2985

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/07/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 234264109

1

Name of reporting person

Alta Fox Opportunities Fund, LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,130,324.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,130,324.00

11

Aggregate amount beneficially owned by each reporting person

2,130,324.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.4 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 234264109

1

Name of reporting person

Alta Fox GenPar, LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,130,324.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,130,324.00

11

Aggregate amount beneficially owned by each reporting person

2,130,324.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.4 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 234264109

1

Name of reporting person

Alta Fox Equity, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,130,324.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,130,324.00

11

Aggregate amount beneficially owned by each reporting person

2,130,324.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.4 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 234264109

1

Name of reporting person

ALTA FOX CAPITAL MANAGEMENT, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

TEXAS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,130,324.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,130,324.00

11

Aggregate amount beneficially owned by each reporting person

2,130,324.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.4 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

CUSIP Number(s): 234264109

1

Name of reporting person

Haley Patrick Connor

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,130,324.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,130,324.00

11

Aggregate amount beneficially owned by each reporting person

2,130,324.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.4 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.00001 per share
(b)	Name of Issuer: DAKTRONICS INC /SD/
(c)	Address of Issuer's Principal Executive Offices: 201 DAKTRONICS DRIVE, BROOKINGS, SOUTH DAKOTA , 57006.
Item 1 Comment: The following constitutes Amendment No. 7 to the Schedule 13D filed by the undersigned ('Amendment No. 7'). Except as specifically amended by this Amendment No. 7, the Schedule 13D remains unchanged. Unless otherwise defined herein, all capitalized terms used herein shall have the meanings given to them in the Schedule 13D.
Item 3.	Source and Amount of Funds or Other Consideration
	The Shares purchased by Alta Fox Opportunities were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted, as set forth in Exhibit 1, which is incorporated by reference herein. The aggregate purchase price of the 2,130,324 Shares beneficially owned by Alta Fox Opportunities is approximately $13,206,579, including brokerage commissions.
Item 5.	Interest in Securities of the Issuer
(a)	Items 5 (a)-(c) are hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 48,305,826 Shares outstanding, as of July 20, 2026, which is the total number of Shares outstanding as reported in the Issuer's 2026 definitive proxy statement (DEF 14A) filed with the Securities and Exchange Commission on July 28, 2026. Alta Fox Opportunities (a) As of the date hereof, Alta Fox Opportunities beneficially owns 2,130,324 Shares. Percentage: Approximately 4.41% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 2,130,324 3. Sole power to dispose or direct the disposition: 0 4.Shared power to dispose or direct the disposition: 2,130,324 (c) The transactions in the Shares owned by Alta Fox Opportunities during the past sixty days are set forth in Exhibit 1 and are incorporated herein by reference.
(b)	Alta Fox GP (a) Alta Fox GP, as the general partner of Alta Fox Opportunities, may be deemed the beneficial owner of the 2,130,324 Shares owned by Alta Fox Opportunities. Percentage: Approximately 4.41% (b) 1. Sole power to vote or direct vote: 0 2.Shared power to vote or direct vote: 2,130,324 3.Sole power to dispose or direct the disposition: 0 4.Shared power to dispose or direct the disposition: 2,130,324 (c) Alta Fox GP has not entered into any transactions in the Shares during the past sixty days.
(c)	Alta Fox LLC (a) Alta Fox LLC, as the general partner of Alta Fox GP, may be deemed the beneficial owner of the 2,130,324 Shares owned by Alta Fox Opportunities. Percentage: Approximately 4.41% (b) 1. Sole power to vote or direct vote: 0 2.Shared power to vote or direct vote: 2,130,324 3.Sole power to dispose or direct the disposition: 0 4.Shared power to dispose or direct the disposition: 2,130,324 (c) Alta Fox LLC has not entered into any transactions in the Shares during the past sixty days.
(d)	Alta Fox Capital (a) Alta Fox Capital, as the investment manager of Alta Fox Opportunities, may be deemed the beneficial owner of the 2,130,324 Shares owned by Alta Fox Opportunities. Percentage: Approximately 4.41% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 2,130,324 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 2,130,324 (c) Alta Fox Capital has not entered into any transactions in the Shares during the past sixty days.
(e)	Mr. Haley (a) Mr. Haley, as the sole owner, member and manager of each of Alta Fox Capital and Alta Fox LLC, may be deemed the beneficial owner of the 2,130,324 Shares owned by Alta Fox Opportunities. Percentage: Approximately 4.41% (b) 1. Sole power to vote or direct vote: 0 2.Shared power to vote or direct vote: 2,130,324 3.Sole power to dispose or direct the disposition: 0 4.Shared power to dispose or direct the disposition: 2,130,324 (c) Mr. Haley has not entered into any transactions in the Shares during the past sixty days. On August 7, 2026, the Reporting Persons ceased to be the beneficial owners of more than five percent of the outstanding Common Stock of the Issuer. Accordingly, this Amendment constitutes an 'exit filing' and is the final amendment to the Schedule 13D.
Item 7.	Material to be Filed as Exhibits.
	Item 7 is hereby amended to add the following exhibit: Exhibit 1: Transactions in the Shares.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Alta Fox Opportunities Fund, LP

Signature:	/s/ Alta Fox GenPar, LP, its general partner
Name/Title:	P. Connor Haley, Authorized Signatory
Date:	08/11/2026

Alta Fox GenPar, LP

Signature:	/s/ Alta Fox Equity, LLC, its general partner
Name/Title:	P. Connor Haley, Authorized Signatory
Date:	08/11/2026

Alta Fox Equity, LLC

Signature:	/s/ P. Connor Haley, its manager
Name/Title:	Title: Authorized Signatory
Date:	08/11/2026

ALTA FOX CAPITAL MANAGEMENT, LLC

Signature:	/s/ P. Connor Haley, its manager
Name/Title:	Authorized Signatory
Date:	08/11/2026

Haley Patrick Connor

Signature:	/s/ P. Connor Haley
Name/Title:	Authorized Signatory
Date:	08/11/2026