Kurtenbach Reece A 4

Accession 0000915779-25-000080

CIK 0000915779other

View on SEC.gov Company Profile

Filed

Mar 24, 8:00 PM ET

Accepted

Mar 25, 4:46 PM ET

Size

64.5 KB

Accession

0000915779-25-000080

Insider Transaction Report

Form 4

Period: 2025-03-21

DAKTRONICS INC /SD/DAKT

Kurtenbach Reece A

Director

Transactions

Disposition to Issuer
Common Stock
2025-03-21$12.67/sh−111,965$1,418,597→ 530,267 total
Exercise/Conversion
Incentive Stock Option
2025-03-21−9,605→ 0 total
Exercise: $9.63Exp: 2027-08-31→ Common Stock (9,605 underlying)
Exercise/Conversion
Common Stock
2025-03-21$3.02/sh+6,399$19,325→ 639,566 total
Exercise/Conversion
Common Stock
2025-03-21$11.87/sh+836$9,923→ 642,232 total
Exercise/Conversion
Non-Qualified Stock Option
2025-03-21−2,700→ 0 total
Exercise: $7.47Exp: 2029-09-05→ Common Stock (2,700 underlying)
Exercise/Conversion
Incentive Stock Option
2025-03-21−836→ 0 total
Exercise: $11.87Exp: 2034-09-09→ Common Stock (836 underlying)
Exercise/Conversion
Non-Qualified Stock Option
2025-03-21−1,357→ 0 total
Exercise: $5.66Exp: 2031-09-02→ Common Stock (1,357 underlying)
Exercise/Conversion
Common Stock
2025-03-21$9.57/sh+6,000$57,420→ 545,267 total
Exercise/Conversion
Common Stock
2025-03-21$7.47/sh+10,800$80,676→ 584,567 total
Exercise/Conversion
Non-Qualified Stock Option
2025-03-21−5,135→ 0 total
Exercise: $4.11Exp: 2030-09-03→ Common Stock (5,135 underlying)
Exercise/Conversion
Common Stock
2025-03-21$9.63/sh+5,395$51,954→ 560,267 total
Exercise/Conversion
Common Stock
2025-03-21$7.83/sh+3,246$25,416→ 573,767 total
Exercise/Conversion
Common Stock
2025-03-21$7.47/sh+2,700$20,169→ 587,267 total
Exercise/Conversion
Common Stock
2025-03-21$5.66/sh+9,443$53,447→ 623,710 total
Exercise/Conversion
Incentive Stock Option
2025-03-21−9,000→ 0 total
Exercise: $9.57Exp: 2026-09-01→ Common Stock (9,000 underlying)
Exercise/Conversion
Non-Qualified Stock Option
2025-03-21−6,000→ 0 total
Exercise: $9.57Exp: 2026-09-01→ Common Stock (6,000 underlying)
Exercise/Conversion
Incentive Stock Option
2025-03-21−10,800→ 0 total
Exercise: $7.47Exp: 2029-09-05→ Common Stock (10,800 underlying)
Exercise/Conversion
Incentive Stock Option
2025-03-21−21,865→ 0 total
Exercise: $4.11Exp: 2030-09-03→ Common Stock (21,865 underlying)
Exercise/Conversion
Incentive Stock Option
2025-03-21−8,100→ 0 total
Exercise: $3.02Exp: 2032-09-08→ Common Stock (8,100 underlying)
Exercise/Conversion
Non-Qualified Stock Option
2025-03-21−3,246→ 0 total
Exercise: $7.83Exp: 2028-09-06→ Common Stock (3,246 underlying)
Exercise/Conversion
Incentive Stock Option
2025-03-21−9,443→ 0 total
Exercise: $5.66Exp: 2031-09-02→ Common Stock (9,443 underlying)
Exercise/Conversion
Non-Qualified Stock Option
2025-03-21−5,395→ 0 total
Exercise: $9.63Exp: 2027-08-31→ Common Stock (5,395 underlying)
Exercise/Conversion
Incentive Stock Option
2025-03-21−10,254→ 0 total
Exercise: $7.83Exp: 2028-09-06→ Common Stock (10,254 underlying)
Exercise/Conversion
Common Stock
2025-03-21$9.57/sh+9,000$86,130→ 539,267 total
Exercise/Conversion
Common Stock
2025-03-21$9.63/sh+9,605$92,496→ 554,872 total
Exercise/Conversion
Common Stock
2025-03-21$7.83/sh+10,254$80,289→ 570,521 total
Exercise/Conversion
Common Stock
2025-03-21$4.11/sh+21,865$89,865→ 609,132 total
Exercise/Conversion
Common Stock
2025-03-21$4.11/sh+5,135$21,105→ 614,267 total
Exercise/Conversion
Common Stock
2025-03-21$5.66/sh+1,357$7,681→ 625,067 total
Exercise/Conversion
Common Stock
2025-03-21$3.02/sh+8,100$24,462→ 633,167 total
Exercise/Conversion
Common Stock
2025-03-21$9.85/sh+1,830$18,026→ 641,396 total
Exercise/Conversion
Incentive Stock Options
2025-03-21−1,830→ 0 total
Exercise: $9.85Exp: 2033-09-10→ Common Stock (1,830 underlying)
Exercise/Conversion
Incentive Stock Option
2025-03-21−6,399→ 0 total
Exercise: $3.02Exp: 2032-09-08→ Common Stock (6,399 underlying)

Holdings

Common Stock
(indirect: By 401(k))
33,479
Common Stock
(indirect: By Spouse)
17,400

Footnotes (17)

[F1]Shares were exercised for cash. The per share price was closing price on March 20, 2025.
[F10]NQs vest 20% each year for a total of five years - vesting schedule 08/23/2020, 08/23/2021, 08/23/2022, 08/23/2023, 08/23/2024.
[F11]ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2021, 08/23/2022, 08/23/2023, 08/23/2024, 08/23/2025. Pursuant to the Separation and Release Agreement (the "Separation Agreement") entered into by and between Daktronics, Inc. and Reece Kurtenbach on 03/05/2025 (such date, the "Separation Date"), the vesting of ISOs granted as of 09/03/2020 was accelerated such that the ISOs that would have vested on 08/23/2025 vested as of the Separation Date.
[F12]NQs vest 20% each year for a total of five years - vesting schedule 08/23/2021, 08/23/2022, 08/23/2023, 08/23/2024, 08/23/2025. Pursuant to the Separation Agreement, the vesting of NQs granted as of 09/03/2020 was accelerated such that the NQs that would have vested on 08/23/2025 vested as of the Separation Date.
[F13]ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2022, 08/23/2023, 08/23/2024, 08/23/2025, 08/23/2026. Pursuant to the Separation Agreement, the vesting of ISOs granted as of 09/02/2021 was accelerated such that the ISOs that would have vested on 08/23/2025 vested as of the Separation Date and the remaining ISOs subject to such options were forfeited.
[F14]NQs vest 20% each year for a total of five years - vesting schedule 08/23/2022; 08/23/2023; 08/23/2024; 08/23/2025; 08/23/2026. Pursuant to the Separation Agreement, the vesting of NQs granted as of 09/02/2021 was accelerated such that the NQs that would have vested on 08/23/2025 vested as of the Separation Date and the remaining NQs subject to such options were forfeited.
[F15]ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2023, 08/23/2024, 08/23/2025, 08/23/2026, 08/23/2027. Pursuant to the Separation Agreement, the vesting of ISOs granted as of 09/08/2022 was accelerated such that the ISOs that would have vested on 08/23/2025 vested as of the Separation Date and the remaining ISOs subject to such options were forfeited.
[F16]ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2024, 08/23/2025, 08/23/2026, 08/23/2027, 08/23/2028. Pursuant to the Separation Agreement, the vesting of ISOs granted as of 09/11/2023 was accelerated such that the ISOs that would have vested on 08/23/2025 vested as of the Separation Date and the remaining ISOs subject to such options were forfeited.
[F17]ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2025, 08/23/2026, 08/23/2027, 08/23/2028, 08/23/2029. Pursuant to the Separation Agreement, the vesting of ISOs granted as of 09/09/2024 was accelerated such that the ISOs that would have vested on 08/23/2025 vested as of the Separation Date and the remaining ISOs subject to such options were forfeited.
[F2]Between January 5, 2025 and March 21, 2025, the Reporting Person disposed of 4 shares of common stock of Daktronics, Inc. (the "Issuer") under the Issuer's 401(k) Plan. The information in this Report is based on a plan statement dated as of March 21, 2025.
[F3]Incentive Stock Options (the "ISOs") vest 20% each year for a total of five years - vesting schedule 08/23/2017, 08/23/2018, 08/23/2019, 08/23/2020, 08/23/2021.
[F4]Non-Qualified Stock Options (the "NQs") vest 20% each year for a total of five years - vesting schedule 08/23/2017, 08/23/2018, 08/23/2019, 08/23/2020, 08/23/2021.
[F5]ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2018, 08/23/2019, 08/23/2020, 08/23/2021, 08/23/2022.
[F6]NQs vest 20% each year for a total of five years - vesting schedule 08/23/2018, 08/23/2019, 08/23/2020, 08/23/2021, 08/23/2022.
[F7]ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2019, 08/23/2020, 08/23/2021, 08/23/2022, 08/23/2023.
[F8]NQs vest 20% each year for a total of five years - vesting schedule 08/23/2019, 08/23/2020, 08/23/2021, 08/23/2022, 08/23/2023.
[F9]ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2020, 08/23/2021, 08/23/2022, 08/23/2023, 08/23/2024.

Documents

1 file

4
wk-form4_1742935558.xmlPrimary
FORM 4

Issuer

DAKTRONICS INC /SD/

CIK 0000915779

→

Entity typeother

Related Parties

filerCIK 0001310621

Filing Metadata

Form type: 4
Filed: Mar 24, 8:00 PM ET
Accepted: Mar 25, 4:46 PM ET
Size: 64.5 KB

View on SEC.gov