Daktronics CDAO Sheila Anderson Exercises RSUs; Shares Withheld

What Happened

• Sheila Mae Anderson, Chief Data & Analytics Officer (CDAO) of Daktronics, had RSUs vest and converted (exercise/conversion of derivative) into 3,541 shares on August 23, 2026. To satisfy tax withholding obligations, 738 of those shares were withheld at $19.00 per share for total withholding of $14,022. The net shares issued to her were 2,803.
• These transactions reflect RSU vesting and tax-withholding, not open-market sales or purchases.

Key Details

• Transaction date: August 23, 2026; Form 4 filed August 25, 2026 (appears timely).
• Shares converted/issued (derivative exercise/conversion, code M): 3,541 shares (500 + 500 + 246 + 227 + 2,068).
• Shares withheld for taxes (code F): 738 shares (121 + 59 + 55 + 503) at $19.00 per share; total withheld value $14,022.
• Net shares received after withholding: 2,803.
• Footnotes: RSUs represent the contingent right to one share each (F1). Withheld shares reflect tax withholding upon vesting (F2). The vested RSUs originated from grants across 2021–2025 with varying vesting schedules (F3–F7).
• Shares owned after the transaction are not specified in the provided filing details.

Context

• This was vesting/conversion of restricted stock units (RSUs), not a market sale. The filler codes: M = exercise/conversion of derivative (RSU to stock), F = shares withheld to satisfy tax obligations.
• Withholding is a routine administrative step to cover tax liabilities and does not necessarily indicate intent to buy or sell additional shares. The filing shows no open-market purchase or sale associated with these transactions.