07/16/2026 | Press release | Distributed by Public on 07/16/2026 15:16
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (1) | 07/14/2026 | A | 32,762 | (2) | (2) | Common Stock | 32,762 | $ 0 | 61,119(3) | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Jayaraman Ramesh 201 DAKTRONICS DRIVE BROOKINGS, SD 57006 |
President and CEO | |||
| /s/ Ramesh Jayaraman | 07/16/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Daktronics, Inc. common stock. |
| (2) | Represents RSUs granted under the Daktronics, Inc. 2025 Stock Incentive Plan. The RSUs vest in four equal annual installments beginning August 23, 2027, subject to certain vesting, forfeiture, and termination provisions. |
| (3) | The number of derivative securities beneficially owned represents the aggregate number of unvested restricted stock units beneficially owned by the reporting person following the reported transaction, consisting of: (i) 28,357 unvested RSUs granted December 15, 2025; and (ii) 32,762 unvested RSUs granted July 14, 2026. Such awards vest at varying times pursuant to the terms of the applicable award agreements. |