[SCHEDULE 13G] Daktronics Inc SEC Filing

Rhea-AI Filing Summary

National Fuel Gas Co. (NFG) – Form 4 Insider Transaction

Director Ronald J. Tanski reported the acquisition of 518 common shares of National Fuel Gas Company on July 1, 2025. The shares were granted under the company’s 2009 Non-Employee Director Equity Compensation Plan at an indicated price of $84.62 per share, representing an aggregate value of roughly $43,800. Following the grant, Tanski’s direct beneficial ownership increased to 357,447 shares.

No derivative securities were reported and the filing does not disclose any open-market purchases or sales outside the routine equity award. The transaction was filed individually by the reporting person and signed by J. P. Baetzhold under power of attorney on July 3, 2025.

Given the small size of the award relative to Tanski’s existing holdings (≈0.14% incremental increase) and its routine, plan-based nature, the filing is generally viewed as administrative with limited market impact.

Insights

Financial Analyst

TL;DR: Routine director equity grant—immaterial size, signals status-quo commitment; no meaningful valuation impact.

The 518-share award to Director Ronald Tanski appears under the company’s standing non-employee director plan, implying no discretionary buying sentiment. At ≈$44 k, the value is negligible against National Fuel Gas’s ≈$6 bn market cap and Tanski’s 357 k-share stake. Such filings are required housekeeping items under Section 16(a) and rarely affect trading dynamics. Investors typically watch for substantial open-market purchases or sales; this grant does not meet that threshold. Accordingly, I view the disclosure as neutral for the share-price outlook.

Corporate Governance Specialist

TL;DR: Standard quarterly equity compensation, confirms alignment but not a new governance signal.

The filing reaffirms that non-employee directors continue to receive equity rather than cash, fostering long-term alignment with shareholders. However, because the award is formula-based under an existing 2009 plan, it does not indicate a change in governance policy or board sentiment. No red flags or enhancements to shareholder rights are embedded in this report. Thus, governance implications remain neutral.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

DAKTRONICS INC /SD/

(Name of Issuer)

Common Stock, $0.00001 per share par value

(Title of Class of Securities)

234264109

(CUSIP Number)

06/27/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 234264109

1

Names of Reporting Persons

Progeny 3, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

WASHINGTON

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,650,037.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,650,037.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,650,037.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.4 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. 234264109

1

Names of Reporting Persons

Jon Hemingway

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,650,037.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,650,037.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,650,037.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.4 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DAKTRONICS INC /SD/
(b)	Address of issuer's principal executive offices: 201 Daktronics Drive, Brookings, South Dakota, 57006
Item 2.
(a)	Name of person filing: Progeny 3, Inc. and Jon Hemingway
(b)	Address or principal business office or, if none, residence: 5209 Lake Washington Blvd NE, Suite 200, Kirkland, WA 98033
(c)	Citizenship: Progeny 3, Inc. is organized under the laws of the State of Washington and Hemingway is a United States citizen.
(d)	Title of class of securities: Common Stock, $0.00001 per share par value
(e)	CUSIP No.: 234264109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See cover page
(b)	Percent of class: See cover page
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See cover page
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: See cover page
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See Item 2. The Accounts have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock reported herein.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

Progeny 3, Inc.

Signature:	Progeny 3, Inc.
Name/Title:	Christopher Hemingway/Co-CIO
Date:	07/03/2025

Jon Hemingway

Signature:	Jon Hemingway
Name/Title:	Christopher Hemingway/Attorney-in-Fact
Date:	07/03/2025

FAQ

How many NFG shares did Director Ronald J. Tanski acquire on July 1, 2025?

He received 518 common shares under the 2009 Non-Employee Director Equity Compensation Plan.

What is Ronald J. Tanski’s total direct ownership in NFG after the transaction?

Following the grant, he directly holds 357,447 shares of National Fuel Gas Co.

Was the transaction an open-market purchase or a routine equity award?

The filing states the shares were acquired through a quarterly grant under the director equity plan, not an open-market trade.

What was the reported price per share for the equity grant?

The grant was reported at $84.62 per share.

Does this Form 4 suggest any significant change in insider sentiment toward NFG stock?

Because the award is routine and small relative to existing holdings, it is considered neutral with limited insight into insider sentiment.