Jayaraman Ramesh 4

What Happened
Jayaraman Ramesh, President and CEO of Daktronics, was granted 32,762 restricted stock units (RSUs) on July 14, 2026 (transaction code A). The award was recorded at $0.00 (no cash purchase); RSUs are a contingent right to receive common stock if and when they vest.

Key Details

• Transaction date: 2026-07-14; filing date: 2026-07-16 (Form 4 filed timely).
• Grant: 32,762 RSUs granted at $0.00 (award/grant).
• Shares/derivatives owned after transaction: 61,119 unvested RSUs total (28,357 from a Dec 15, 2025 grant + 32,762 from this July 14, 2026 grant).
• Vesting: The new RSUs were granted under the Daktronics, Inc. 2025 Stock Incentive Plan and vest in four equal annual installments beginning August 23, 2027 (subject to vesting, forfeiture, and termination provisions).
• Footnotes: F1 = each RSU converts to one share upon vesting; F3 = the 61,119 figure reflects aggregate unvested RSUs held after this grant.

Context
This was an equity compensation award (not a purchase or sale) commonly used to retain executives and align pay with shareholder value. Because these are unvested RSUs, they do not represent immediately tradeable shares; any value to the holder depends on future vesting and the company’s stock price at that time.