SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Kurtenbach Reece A
(Last) (First) (Middle)
201 DAKTRONICS DRIVE
(Street)
BROOKINGS SD 57006
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
DAKTRONICS INC /SD/ [ DAKT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/21/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/21/2025 M 9,000 A $9.57 539,267 D
Common Stock 03/21/2025 M 6,000 A $9.57 545,267 D
Common Stock 03/21/2025 M 9,605 A $9.63 554,872 D
Common Stock 03/21/2025 M 5,395 A $9.63 560,267 D
Common Stock 03/21/2025 M 10,254 A $7.83 570,521 D
Common Stock 03/21/2025 M 3,246 A $7.83 573,767 D
Common Stock 03/21/2025 M 10,800 A $7.47 584,567 D
Common Stock 03/21/2025 M 2,700 A $7.47 587,267 D
Common Stock 03/21/2025 M 21,865 A $4.11 609,132 D
Common Stock 03/21/2025 M 5,135 A $4.11 614,267 D
Common Stock 03/21/2025 M 9,443 A $5.66 623,710 D
Common Stock 03/21/2025 M 1,357 A $5.66 625,067 D
Common Stock 03/21/2025 M 8,100 A $3.02 633,167 D
Common Stock 03/21/2025 M 6,399 A $3.02 639,566 D
Common Stock 03/21/2025 M 1,830 A $9.85 641,396 D
Common Stock 03/21/2025 M 836 A $11.87 642,232 D
Common Stock 03/21/2025 D 111,965 D $12.67(1) 530,267 D
Common Stock 17,400 I By Spouse
Common Stock 33,479(2) I by 401(k)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option $9.57 03/21/2025 M 9,000 (3) 09/01/2026 Common Stock 9,000 $0 0 D
Non-Qualified Stock Option $9.57 03/21/2025 M 6,000 (4) 09/01/2026 Common Stock 6,000 $0 0 D
Incentive Stock Option $9.63 03/21/2025 M 9,605 (5) 08/31/2027 Common Stock 9,605 $0 0 D
Non-Qualified Stock Option $9.63 03/21/2025 M 5,395 (6) 08/31/2027 Common Stock 5,395 $0 0 D
Incentive Stock Option $7.83 03/21/2025 M 10,254 (7) 09/06/2028 Common Stock 10,254 $0 0 D
Non-Qualified Stock Option $7.83 03/21/2025 M 3,246 (8) 09/06/2028 Common Stock 3,246 $0 0 D
Incentive Stock Option $7.47 03/21/2025 M 10,800 (9) 09/05/2029 Common Stock 10,800 $0 0 D
Non-Qualified Stock Option $7.47 03/21/2025 M 2,700 (10) 09/05/2029 Common Stock 2,700 $0 0 D
Incentive Stock Option $4.11 03/21/2025 M 21,865 (11) 09/03/2030 Common Stock 21,865 $0 0 D
Non-Qualified Stock Option $4.11 03/21/2025 M 5,135 (12) 09/03/2030 Common Stock 5,135 $0 0 D
Incentive Stock Option $5.66 03/21/2025 M 9,443 (13) 09/02/2031 Common Stock 9,443 $0 0 D
Non-Qualified Stock Option $5.66 03/21/2025 M 1,357 (14) 09/02/2031 Common Stock 1,357 $0 0 D
Incentive Stock Option $3.02 03/21/2025 M 8,100 (15) 09/08/2032 Common Stock 8,100 $0 0 D
Incentive Stock Option $3.02 03/21/2025 M 6,399 (15) 09/08/2032 Common Stock 6,399 $0 0 D
Incentive Stock Options $9.85 03/21/2025 M 1,830 (16) 09/10/2033 Common Stock 1,830 $0 0 D
Incentive Stock Option $11.87 03/21/2025 M 836 (17) 09/09/2034 Common Stock 836 $0 0 D
Explanation of Responses:
1. Shares were exercised for cash. The per share price was closing price on March 20, 2025.
2. Between January 5, 2025 and March 21, 2025, the Reporting Person disposed of 4 shares of common stock of Daktronics, Inc. (the "Issuer") under the Issuer's 401(k) Plan. The information in this Report is based on a plan statement dated as of March 21, 2025.
3. Incentive Stock Options (the "ISOs") vest 20% each year for a total of five years - vesting schedule 08/23/2017, 08/23/2018, 08/23/2019, 08/23/2020, 08/23/2021.
4. Non-Qualified Stock Options (the "NQs") vest 20% each year for a total of five years - vesting schedule 08/23/2017, 08/23/2018, 08/23/2019, 08/23/2020, 08/23/2021.
5. ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2018, 08/23/2019, 08/23/2020, 08/23/2021, 08/23/2022.
6. NQs vest 20% each year for a total of five years - vesting schedule 08/23/2018, 08/23/2019, 08/23/2020, 08/23/2021, 08/23/2022.
7. ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2019, 08/23/2020, 08/23/2021, 08/23/2022, 08/23/2023.
8. NQs vest 20% each year for a total of five years - vesting schedule 08/23/2019, 08/23/2020, 08/23/2021, 08/23/2022, 08/23/2023.
9. ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2020, 08/23/2021, 08/23/2022, 08/23/2023, 08/23/2024.
10. NQs vest 20% each year for a total of five years - vesting schedule 08/23/2020, 08/23/2021, 08/23/2022, 08/23/2023, 08/23/2024.
11. ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2021, 08/23/2022, 08/23/2023, 08/23/2024, 08/23/2025. Pursuant to the Separation and Release Agreement (the "Separation Agreement") entered into by and between Daktronics, Inc. and Reece Kurtenbach on 03/05/2025 (such date, the "Separation Date"), the vesting of ISOs granted as of 09/03/2020 was accelerated such that the ISOs that would have vested on 08/23/2025 vested as of the Separation Date.
12. NQs vest 20% each year for a total of five years - vesting schedule 08/23/2021, 08/23/2022, 08/23/2023, 08/23/2024, 08/23/2025. Pursuant to the Separation Agreement, the vesting of NQs granted as of 09/03/2020 was accelerated such that the NQs that would have vested on 08/23/2025 vested as of the Separation Date.
13. ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2022, 08/23/2023, 08/23/2024, 08/23/2025, 08/23/2026. Pursuant to the Separation Agreement, the vesting of ISOs granted as of 09/02/2021 was accelerated such that the ISOs that would have vested on 08/23/2025 vested as of the Separation Date and the remaining ISOs subject to such options were forfeited.
14. NQs vest 20% each year for a total of five years - vesting schedule 08/23/2022; 08/23/2023; 08/23/2024; 08/23/2025; 08/23/2026. Pursuant to the Separation Agreement, the vesting of NQs granted as of 09/02/2021 was accelerated such that the NQs that would have vested on 08/23/2025 vested as of the Separation Date and the remaining NQs subject to such options were forfeited.
15. ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2023, 08/23/2024, 08/23/2025, 08/23/2026, 08/23/2027. Pursuant to the Separation Agreement, the vesting of ISOs granted as of 09/08/2022 was accelerated such that the ISOs that would have vested on 08/23/2025 vested as of the Separation Date and the remaining ISOs subject to such options were forfeited.
16. ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2024, 08/23/2025, 08/23/2026, 08/23/2027, 08/23/2028. Pursuant to the Separation Agreement, the vesting of ISOs granted as of 09/11/2023 was accelerated such that the ISOs that would have vested on 08/23/2025 vested as of the Separation Date and the remaining ISOs subject to such options were forfeited.
17. ISOs vest 20% each year for a total of five years - vesting schedule 08/23/2025, 08/23/2026, 08/23/2027, 08/23/2028, 08/23/2029. Pursuant to the Separation Agreement, the vesting of ISOs granted as of 09/09/2024 was accelerated such that the ISOs that would have vested on 08/23/2025 vested as of the Separation Date and the remaining ISOs subject to such options were forfeited.
Remarks:
Reece A. Kurtenbach 03/25/2025
** Signature of Reporting Person Date
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