4/A: Daktronics Executive Vice President Corrects Share Ownership in Amended SEC Filing
SEC Form 4 Amendment
Daktronics' Executive Vice President, Bradley T. Wiemann, filed an amended SEC Form 4 to correct a previous filing, which had omitted 11,373.962 shares purchased through the company's Employee Stock Purchase Plan.
Summary
- Bradley T. Wiemann, an Executive Vice President at Daktronics, Inc., filed an amendment to a previous SEC Form 4.
- The amendment corrects the number of shares beneficially owned by Wiemann, which was originally misreported.
- The original filing on October 1, 2024, inadvertently omitted 11,373.962 shares.
- These omitted shares were purchased through the Daktronics, Inc. Employee Stock Purchase Plan.
- The purchases occurred over four periods: October 31, 2022, April 30, 2023, October 31, 2023, and April 30, 2024.
- The corrected filing shows Wiemann's total direct ownership of common stock as 97,193.926 shares.
Sentiment
Score: 7
Explanation: The document is a routine correction of a previous filing. While the initial error is a negative, the prompt correction is a positive. Overall, the sentiment is neutral to slightly positive.
Negatives
- The original SEC filing on October 1, 2024, contained an error regarding the number of shares owned by Bradley T. Wiemann.
Risks
- Errors in SEC filings can lead to scrutiny from regulators and investors.
- Inaccurate reporting of share ownership can affect investor confidence.
Industry Context
This filing is a routine disclosure related to insider trading and is common for publicly traded companies. It does not indicate any specific trend in the industry.
Comparison to Industry Standards
- SEC Form 4 filings are a standard requirement for all publicly traded companies in the United States.
- The correction of errors in these filings is also a common occurrence, indicating a commitment to transparency and compliance.
Stakeholder Impact
- The correction of the filing ensures accurate information for shareholders.
- The correction demonstrates a commitment to transparency and compliance.
Key Dates
| Date | Description |
|---|---|
| 10/31/2022 | One of the periods in which shares were purchased under the Employee Stock Purchase Plan. |
| 04/30/2023 | One of the periods in which shares were purchased under the Employee Stock Purchase Plan. |
| 10/31/2023 | One of the periods in which shares were purchased under the Employee Stock Purchase Plan. |
| 04/30/2024 | One of the periods in which shares were purchased under the Employee Stock Purchase Plan. |
| 09/27/2024 | Date of the earliest transaction reported in the filing. |
| 10/01/2024 | Date of the original Form 4 filing that contained the error. |
| 01/17/2025 | Date of the amended filing. |
Keywords
SEC Form 4, Daktronics, Beneficial Ownership, Employee Stock Purchase Plan, Bradley T. Wiemann, Share Ownership, Amendment
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