Sec Form 4 Filing - Alta Fox Opportunities Fund, LP @ DAKTRONICS INC /SD/ - 2024-12-03

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Alta Fox Opportunities Fund, LP
2. Issuer Name and Ticker or Trading Symbol
DAKTRONICS INC /SD/ [ DAKT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
640 TAYLOR STREET, SUITE 2522
3. Date of Earliest Transaction (MM/DD/YY)
12/03/2024
(Street)
FORT WORTH, TX76102
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 12/03/2024 C( 1 ) 1,109,350 A $ 6.31 3,074,336 I See footnote ( 2 )
Common Stock 01/03/2025 C( 1 ) 1,095,114 A $ 6.31 4,169,450 I See footnote ( 2 )
Common Stock 01/03/2025 J( 3 ) 14,236 A $ 0 4,183,686 I See footnote ( 2 )
Common Stock 02/03/2025 C( 1 ) 1,087,065 A $ 6.31 5,270,751 I See footnote ( 2 )
Common Stock 02/03/2025 J( 3 ) 22,285 A $ 0 5,293,036 I See footnote ( 2 )
Common Stock 03/03/2025 C( 1 ) 676,504 A $ 6.31 5,969,540 I See footnote ( 2 )
Common Stock 03/03/2025 J( 3 ) 4,059 A $ 0 5,973,599 I See footnote ( 2 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Senior Secured Convertible Notes $ 6.31 12/03/2024 C 1,109,350 ( 4 ) ( 4 ) Common Stock 1,109,350 $ 0 2,858,683 I See footnote ( 2 )
Senior Secured Convertible Notes $ 6.31 01/03/2025 C 1,095,114 ( 4 ) ( 4 ) Common Stock 1,095,114 $ 0 1,763,569 I See footnote ( 2 )
Senior Secured Convertible Notes $ 6.31 02/03/2025 C 1,087,065 ( 4 ) ( 4 ) Common Stock 1,087,065 $ 0 676,504 I See footnote ( 2 )
Senior Secured Convertible Notes $ 6.31 03/03/2025 C 676,504 ( 4 ) ( 4 ) Common Stock 676,504 $ 0 0 I See footnote ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Alta Fox Opportunities Fund, LP
640 TAYLOR STREET, SUITE 2522
FORT WORTH, TX76102
X
Alta Fox GenPar, LP
640 TAYLOR STREET, SUITE 2522
FORT WORTH, TX76102
X
Alta Fox Equity, LLC
640 TAYLOR STREET, SUITE 2522
FORT WORTH, TX76102
X
ALTA FOX CAPITAL MANAGEMENT, LLC
640 TAYLOR STREET, SUITE 2522
FORT WORTH, TX76102
X
Haley Patrick Connor
640 TAYLOR STREET, SUITE 2522
FORT WORTH, TX76102
X
Signatures
ALTA FOX OPPORTUNITIES FUND, LP, By: Alta Fox GenPar, LP, its general partner, /s/ P. Connor Haley, Authorized Signatory 03/05/2025
Signature of Reporting Person Date
ALTA FOX GENPAR, LP, By: Alta Fox Equity, LLC, its general partner, /s/ P. Connor Haley, Authorized Signatory 03/05/2025
Signature of Reporting Person Date
ALTA FOX EQUITY, LLC, By: P. Connor Haley, its manager, /s/ P. Connor Haley, Authorized Signatory 03/05/2025
Signa ture of Reporting Person Date
ALTA FOX CAPITAL MANAGEMENT, LLC, By: P. Connor Haley, its manager, /s/ P. Connor Haley, Authorized Signatory 03/05/2025
Signature of Reporting Person Date
/s/ P. Connor Haley 03/05/2025
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The shares were issued upon conversion of Senior Secured Convertible Notes (the "Convertible Notes"), in a transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act. The December 3, 2024, conversion includes 6,068 shares, previously reported on Form 3, issued in connection with an interest payment on the Convertible Notes.
( 2 )This Form 4 is being filed by Alta Fox Opportunities Fund, LP, a Delaware limited partnership ("Alta Fox Opportunities"); Alta Fox GenPar, LP, a Delaware limited partnership ("Alta Fox GP"), the general partner of Alta Fox Opportunities; Alta Fox Equity, LLC, a Delaware limited liability company ("Alta Fox LLC"), the general partner of Alta Fox GP; Alta Fox Capital Management, LLC, a Texas limited liability company, the investment manager of Alta Fox Opportunities; and P. Connor Haley, the sole owner, member and manager of each of Alta Fox Capital and Alta Fox LLC (collectively, the "Reporting Persons"). The Reporting Persons disclaim beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any.
( 3 )The shares were issued in connection with an interest payment on the Convertible Notes.
( 4 )On May 11, 2023, the Issuer entered into a Securities Purchase Agreement with Alta Fox Opportunities, pursuant to which the Issuer issued the Convertible Notes to Alta Fox Opportunities in the total original principal amount of $25 million. A portion of the principal amount of the Convertible Notes, together with accrued and unpaid interest, converted into shares of the Issuer's Common Stock at an initial per share conversion price of $6.31.

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