Kurtenbach Matthew John 4

What Happened
Matthew John Kurtenbach, VP of Manufacturing at Daktronics (DAKT), had 4,606 restricted stock units/derivatives convert to common shares on March 5, 2026. To cover the tax withholding on the vesting, 1,365 shares were withheld/disposed at $22.99 per share, generating about $31,381. The filing lists the conversion/exercise of 4,606 derivative units (acquired) and a corresponding withholding disposition.

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (filed within SEC timing requirements).
• Vesting/conversion: 4,606 shares reported as acquired via exercise/conversion (code M).
• Tax withholding/disposition: 1,365 shares disposed at $22.99 each for ~$31,381 (code F).
• Shares owned after transaction: not specified in the filing.
• Footnotes of note:
  • F4: These were Restricted Stock Units that vest in three equal annual installments beginning March 5, 2025 (vested installment delivered as soon as practicable).
  • F1–F3: Reporting person disclaims beneficial ownership except for pecuniary interest; some shares may be held in a trust or UTMA accounts for his children.

Context
This appears to be a routine RSU vesting with cashless tax withholding rather than an open-market sell or new cash purchase. Such withholding to satisfy taxes is common and not necessarily a bearish signal about the company.