Kurtenbach Matthew John 4
4 · DAKTRONICS INC /SD/ · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Daktronics VP Matthew Kurtenbach Receives 23,362-Share Gift
What Happened
Matthew John Kurtenbach, Vice President of Manufacturing at Daktronics, received 23,362 shares of Daktronics common stock as a gift on January 30, 2026. The transaction was reported as a gift (code G) with an acquisition price of $0.00, so the reported value for the transfer is $0.
Key Details
- Transaction date: 2026-01-30; reported on Form 4 filed 2026-02-10 (appears to be later than the 2-business-day SEC reporting window).
- Transaction type: Gift (G) — 23,362 shares acquired at $0.00 per share.
- Cost basis note (F1): The gift consisted of two equal lots — 11,681 shares with a cost basis of $1.27/share and 11,681 shares with a cost basis of $0.02/share.
- Beneficial ownership / control notes:
- F2: Reporting person disclaims beneficial ownership except to extent of pecuniary interest.
- F3: As trustee of a trust for a child, Kurtenbach may be deemed to exercise voting/investment power over trust-held shares.
- F4: Some shares are held in three UTMA custodial accounts for his children; he is the custodian.
- Shares owned after the transaction: Not specified in the filing.
Context
Gifts are transfers for estate/planning or family reasons and do not necessarily signal insider sentiment about the company. The filing includes trust and custodial-account disclosures that affect who may exercise voting or investment power. The reporting date suggests the Form 4 was filed after the typical 2-business-day deadline, which is procedural but may be noted by investors.
Insider Transaction Report
- Gift
Common Stock
[F1]2026-01-30+23,362→ 335,264.7 total
- 5,000(indirect: By Trust)
Common Stock
[F2][F3] - 21,000(indirect: As custodian for UTMA Accounts for minors)
Common Stock
[F2][F4]
Footnotes (4)
- [F1]Gift received from Grantor Retained Annuity Trust. 11,681 shares had a cost basis of $1.27 per share, and the remaining 11,681 shares had a cost basis of $0.02 per share.
- [F2]For purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), the Reporting Person disclaims beneficial ownership of any securities reported in this filing, except to the extent of his pecuniary interest therein, if any, and this Amendment shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
- [F3]As a trustee of a trust formed for the benefit of a child of the Reporting Person (the "Trust"), the Reporting Person may be deemed to exercise voting and investment power over the shares of common stock of Daktronics, Inc. ("Common Stock") held by the Trust.
- [F4]Represents securities held in 3 separate custodial accounts under the Uniform Transfers to Minors Act (the "UTMA"). The Reporting Person is the custodian of the UTMA accounts held for the benefit of his children.