DAKT VP Brett Wendler Receives RSUs; Shares Withheld for Taxes

What Happened

• Brett David Wendler, Vice President of Design & Development at Daktronics, had Restricted Stock Units (RSUs) vest on August 23, 2026. A total of 3,511 RSUs converted into shares.
• To satisfy tax withholding obligations, 852 shares were withheld (reported as dispositions) at $19.00 per share, totaling $16,188. After withholding, Wendler received a net 2,659 shares.
• These transactions are award vesting events (code M = exercise/conversion of derivative; code F = payment of exercise price or tax liability) and represent routine tax-withholding on vested compensation rather than an open-market sale or purchase.

Key Details

• Transaction date: August 23, 2026; Form 4 filed August 25, 2026 (timely filing).
• RSUs vested: 3,511 shares total. Shares withheld for taxes: 852 shares at $19.00 each = $16,188. Net shares delivered: 2,659.
• Footnotes: RSUs represent the contingent right to one share each (F1). The vested RSUs relate to grants made 9/2/2021, 9/8/2022, 9/11/2023, 9/9/2024 and 7/28/2025 under the Daktronics, Inc. 2020 Stock Incentive Plan with multi-year vesting schedules (F3–F7). F2 denotes shares withheld to satisfy tax obligations.
• Shares owned after the transaction are not specified in the filing.

Context

• This was an RSU vesting event with shares withheld to cover tax withholding — a common, administrative occurrence when equity compensation vests. It should not be interpreted as a discretionary sale or purchase of company stock by the insider.
• For readers: M = conversion/exercise of a derivative (here RSU conversion to shares); F = shares withheld to pay taxes.