GATZKE CARLA S 4

What Happened

• Carla S. Gatzke, Secretary and VP of Human Resources at Daktronics, reported conversion/vesting of 23,139 derivative shares (reported as acquired at $0.00) on 2026-01-31. The filing also shows disposals on the same date totaling 23,139 shares (each disposal reported at $0.00).
• The conversion/vests were the result of accelerated vesting under a Separation and Release Agreement dated 01/31/2026 (see footnotes F2–F7). Separately, the filing notes the Reporting Person acquired 491 shares under Daktronics’ 401(k) plan between 08/23/2025 and 01/31/2026 (footnote F1).

Key Details

• Transaction date: 2026-01-31. Reported transaction code: M (exercise/conversion of derivative).
• Price reported for acquisitions and disposals: $0.00 (reflects conversion/vesting, not a cash purchase or sale price).
• Aggregate converted (acquired) shares: 23,139; aggregate disposals reported the same day: 23,139 (in multiple line items).
• Shares owned after the transactions: not specified in the information provided.
• Notable footnotes: F2–F7 describe accelerated vesting of RSUs from several grant dates due to the Separation Agreement; F1 documents 401(k) purchases of 491 shares.
• Filing timeliness: no late-filing indication is shown in the provided data.

Context

• These were derivative conversions (vested RSUs), not open-market purchases. The reporting shows conversion at $0.00, consistent with RSUs becoming common stock upon vesting.
• The matching disposals at $0.00 could reflect administrative transfers (for example, settlement, tax withholding, or delivery arrangements), but the filing itself does not state the reason.
• Because this activity results from accelerated vesting under a Separation Agreement, it does not by itself signal a straightforward buy/sell decision; retail investors should view it as a management/compensation-related vesting event rather than an independent market purchase or sale.