Anderson Sheila Mae 4

What Happened
Sheila Mae Anderson, Chief Data & Analytics Officer (CDAO) of Daktronics, exercised options covering a total of 15,000 shares (two tranches of 7,500) at an exercise price of $9.57 per share (total exercise cost $143,550). On the same day (2026-07-01) she sold 3,636 shares in the open market at a weighted-average price of $20.01, generating proceeds of approximately $72,756. The filing also shows a disposition of 7,500 shares related to the exercise (see footnote) — overall this was an options exercise with shares used to cover exercise-related obligations.

Key Details

• Transaction date: 2026-07-01; Form 4 filed 2026-07-02 (appears timely).
• Options exercised: 15,000 shares (two entries of 7,500) at $9.57 each — aggregate exercise amount $143,550.
• Open-market sale: 3,636 shares at a weighted-average price $20.01 — proceeds $72,756.
• Derivative disposition: 7,500 shares shown disposed at $9.57 (value $71,775) related to the exercise.
• Footnote F1: The sale was a sell-to-cover to cover exercise-related obligations; reported sale price is a weighted average; executed in multiple trades at $20.0101–$20.0510.
• Footnote F2: Options are Incentive Stock Options vested 20% per year over five years (vesting dates: 8/23/2017, 8/23/2018, 8/23/2019, 8/23/2020, 8/23/2021).
• Shares owned after the transaction: not specified in this filing.

Context
This was primarily an option exercise with an accompanying sell-to-cover. That means the insider exercised vested options and sold a portion of the resulting shares to satisfy exercise costs/taxes — a common, routine insider action rather than a clear bullish or bearish signal.