Alta Fox holds 6% stake in Daktronics

Rhea-AI Filing Summary

Alta Fox Opportunities Fund and affiliated entities have updated their ownership stake in Daktronics Inc. through Amendment No. 6 to a Schedule 13D. The group now reports beneficial ownership of 2,886,799 shares of Daktronics common stock, representing approximately 6.0% of the company’s outstanding shares.

The percentage is based on 48,284,844 shares outstanding as of June 15, 2026, as disclosed in Daktronics’ Form 10-K. The shares were acquired by Alta Fox Opportunities in open-market transactions using working capital, which can include margin loans, for an aggregate purchase price of about $17,979,937 including commissions.

Alta Fox Opportunities, Alta Fox GP, Alta Fox LLC, Alta Fox Capital Management, and Connor Haley each report shared voting and dispositive power over the same 2,886,799 shares. The amendment also restates Item 5 and adds an exhibit listing transactions in the shares over the past 60 days.

Insights

Activist & ownership structure analyst

Alta Fox discloses a 6% Daktronics stake with coordinated control.

The filing shows the Alta Fox complex, led by Alta Fox Opportunities Fund and associated general partners and management entities, controlling 2,886,799 Daktronics shares, or 6.0% of outstanding stock based on 48,284,844 shares as of June 15, 2026.

All listed entities and P. Connor Haley report shared voting and dispositive power, meaning decisions about how these shares are voted and whether they are sold are coordinated. The aggregate purchase cost is approximately $17,979,937, indicating a meaningful dollar commitment.

This is Amendment No. 6, restating ownership details and adding a transaction exhibit for the last sixty days. Future company filings and Alta Fox communications would clarify any strategic intentions behind maintaining a stake at this level.

Key Figures

Beneficial ownership: 2,886,799 shares Ownership percentage: 6.0% of class Aggregate purchase price: $17,979,937 +3 more

6 metrics

Beneficial ownership 2,886,799 shares Alta Fox Opportunities’ Daktronics common stock position

Ownership percentage 6.0% of class Based on 48,284,844 shares outstanding as of June 15, 2026

Aggregate purchase price $17,979,937 Total cost for 2,886,799 shares including brokerage commissions

Shares outstanding 48,284,844 shares Daktronics shares outstanding as of June 15, 2026 per Form 10-K

Sole voting power 0 shares Alta Fox entities report no sole voting authority

Shared voting power 2,886,799 shares Reported consistently across Alta Fox entities and Connor Haley

Key Terms

beneficially owns, shared voting power, shared dispositive power, Schedule 13D, +2 more

6 terms

beneficially owns financial

"As of the date hereof, Alta Fox Opportunities beneficially owns 2,886,799 Shares."

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

shared voting power financial

"Shared power to vote or direct vote: 2,886,799"

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 power to dispose or direct the disposition: 2,886,799"

Schedule 13D regulatory

"The following constitutes Amendment No. 6 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.

working capital financial

"The Shares purchased by Alta Fox Opportunities were purchased with working capital"

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.

margin loans financial

"which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business"

Margin loans are loans from a brokerage that let an investor borrow money using their existing stocks, bonds or cash as collateral to buy more securities. They matter because borrowing magnifies both gains and losses—like using a lever to move a heavier load—so small market moves can have outsized effects on your returns; investors also pay interest and risk a margin call, where the broker may force sales if collateral falls below required levels.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Daktronics (DAKT) shares does Alta Fox beneficially own?

Alta Fox Opportunities Fund beneficially owns 2,886,799 Daktronics shares. This stake is reported consistently across Alta Fox Opportunities, its general partners, its investment manager, and Connor Haley, all of whom have shared voting and dispositive power over these same 2,886,799 shares.

What percentage of Daktronics (DAKT) does Alta Fox’s 2,886,799 shares represent?

Alta Fox’s 2,886,799 Daktronics shares represent approximately 6.0% of the company. That percentage is calculated using 48,284,844 shares outstanding as of June 15, 2026, as reported in Daktronics’ Form 10-K filed on June 24, 2026.

How much did Alta Fox pay for its Daktronics (DAKT) position?

Alta Fox Opportunities paid approximately $17,979,937 to acquire its Daktronics shares. This aggregate purchase price covers 2,886,799 shares, including brokerage commissions, and reflects open-market purchases funded with working capital that may include ordinary-course margin loans.

How did Alta Fox fund its purchases of Daktronics (DAKT) shares?

Alta Fox Opportunities funded its Daktronics purchases with working capital. That working capital may include margin loans made by brokerage firms in the ordinary course of business, and the fund acquired the shares primarily through open-market transactions detailed in an incorporated transaction exhibit.

Which Alta Fox entities are listed as beneficial owners of Daktronics (DAKT)?

Alta Fox Opportunities Fund, Alta Fox GenPar, Alta Fox Equity, Alta Fox Capital Management, and P. Connor Haley are all listed. Each may be deemed a beneficial owner of the same 2,886,799 Daktronics shares through their roles as general partners, investment manager, or ultimate owner.

What does Amendment No. 6 to the Schedule 13D on Daktronics (DAKT) change?

Amendment No. 6 restates ownership information and updates Item 5. It confirms Alta Fox’s 2,886,799-share, 6.0% stake, clarifies shared voting and dispositive powers among affiliated entities, and adds Exhibit 1 detailing transactions in Daktronics shares during the past sixty days.

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

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Accepted by SEC EDGAR 06/30/2026 - 05:54 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. 6)

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)

06/26/2026

(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 2,886,799.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,886,799.00

11

Aggregate amount beneficially owned by each reporting person

2,886,799.00

12

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

13

Percent of class represented by amount in Row (11)

6.0 %

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 2,886,799.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,886,799.00

11

Aggregate amount beneficially owned by each reporting person

2,886,799.00

12

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

13

Percent of class represented by amount in Row (11)

6.0 %

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 2,886,799.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,886,799.00

11

Aggregate amount beneficially owned by each reporting person

2,886,799.00

12

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

13

Percent of class represented by amount in Row (11)

6.0 %

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 2,886,799.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,886,799.00

11

Aggregate amount beneficially owned by each reporting person

2,886,799.00

12

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

13

Percent of class represented by amount in Row (11)

6.0 %

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 2,886,799.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,886,799.00

11

Aggregate amount beneficially owned by each reporting person

2,886,799.00

12

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

13

Percent of class represented by amount in Row (11)

6.0 %

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. 6 to the Schedule 13D filed by the undersigned ('Amendment No. 6'). Except as specifically amended by this Amendment No. 6, 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 2,886,799 Shares beneficially owned by Alta Fox Opportunities is approximately $17,979,937, 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 48,284,844 Shares outstanding, as of June 15, 2026, which is the total number of Shares outstanding as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 24, 2026. Alta Fox Opportunities (a) As of the date hereof, Alta Fox Opportunities beneficially owns 2,886,799 Shares. Percentage: Approximately 6.0% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 2,886,799 3. Sole power to dispose or direct the disposition: 0 4.Shared power to dispose or direct the disposition: 2,886,799 (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 2,886,799 Shares owned by Alta Fox Opportunities. Percentage: Approximately 6.0% (b) 1. Sole power to vote or direct vote: 0 2.Shared power to vote or direct vote: 2,886,799 3.Sole power to dispose or direct the disposition: 0 4.Shared power to dispose or direct the disposition: 2,886,799 (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 2,886,799 Shares owned by Alta Fox Opportunities. Percentage: Approximately 6.0% (b) 1. Sole power to vote or direct vote: 0 2.Shared power to vote or direct vote: 2,886,799 3.Sole power to dispose or direct the disposition: 0 4.Shared power to dispose or direct the disposition: 2,886,799 (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 2,886,799 Shares owned by Alta Fox Opportunities. Percentage: Approximately 6.0% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 2,886,799 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 2,886,799 (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 2,886,799 Shares owned by Alta Fox Opportunities. Percentage: Approximately 6.0% (b) 1. Sole power to vote or direct vote: 0 2.Shared power to vote or direct vote: 2,886,799 3.Sole power to dispose or direct the disposition: 0 4.Shared power to dispose or direct the disposition: 2,886,799 (c) Mr. Haley has not entered into any transactions in the Shares during the past sixty days.
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:	06/30/2026

Alta Fox GenPar, LP

Signature:	/s/ Alta Fox Equity, LLC, its general partner
Name/Title:	P. Connor Haley, Authorized Signatory
Date:	06/30/2026

Alta Fox Equity, LLC

Signature:	/s/ P. Connor Haley, its manager
Name/Title:	Authorized Signatory
Date:	06/30/2026

ALTA FOX CAPITAL MANAGEMENT, LLC

Signature:	/s/ P. Connor Haley, its manager
Name/Title:	Authorized Signatory
Date:	06/30/2026

Haley Patrick Connor

Signature:	/s/ P. Connor Haley
Name/Title:	Authorized Signatory
Date:	06/30/2026