Kurtenbach Matthew John 4
Research Summary
AI-generated summary
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.