Wiemann Bradley T 4

What Happened

• Bradley T. Wiemann, President & CEO of Daktronics (DAKT), exercised multiple stock option tranches on Jan 20, 2026, acquiring 12,914 shares by paying approximately $57,293 in aggregate exercise price. Immediately related to the event, he sold about 4,580.20 shares previously acquired under the company’s ESPP to cover tax/withholding obligations, generating roughly $98,153 in proceeds (weighted-average price $21.43; actual trade prices ranged $21.40–$21.51). The filing shows the option exercises as "M" (exercise/conversion) and the sales as "F" (payment of exercise price or tax liability / sell-to-cover).

Key Details

• Transaction date: 2026-01-20 (Form 4 filed 2026-01-22; no late filing indicated)
• Options exercised (M):
  • 5,000 shares at $4.11 = $20,550
  • 2,500 shares at $5.66 = $14,150
  • 4,500 shares at $3.02 = $13,590
  • 914 shares at $9.85 = $9,003
  • Total paid to exercise ≈ $57,293 for 12,914 shares
• Sell-to-cover sales (F) to satisfy tax/withholding:
  • Total ≈ 4,580.203 shares sold at weighted-average $21.43 = ≈ $98,153
  • Reported sale price range: $21.40–$21.51 (per footnote)
• Net change from these reported transactions: approximately +8,334 shares (12,914 acquired − 4,580 sold)
• Footnotes: multiple option grants with 5-year vesting schedules (see F2–F5); F1 explains the sell-to-cover used ESPP shares and reports weighted-average sale prices
• Filing timeliness: filed within typical 2-business-day window (no late flag)

Context

• These were option exercises (transaction code M). The sales were sell-to-cover transactions (code F) of previously held ESPP shares to satisfy tax withholding, not open-market disposals of the newly issued shares; sell-to-cover is a routine administrative step and does not necessarily signal a change in insider conviction. The filing also lists the exercise-related conversion/disposition of derivative securities (records of the option-to-stock conversion).