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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
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SCHEDULE 13D/A 0001539497-25-000841 0001734916 XXXXXXXX LIVE 4 Common Stock, par value $0.00001 per share 10/24/2025 false 0000915779 234264109 DAKTRONICS INC /SD/ PO BOX 5128 201 DAKTRONICS DRIVE BROOKINGS SD 57006 CONNOR HALEY (817) 639-2369 ALTA FOX CAPITAL MANAGEMENT, LLC 640 Taylor Street, Ste. 2522 Fort Worth TX 76102 SEBASTIAN ALSHEIMER, ESQ. (212) 999-5800 WILSON SONSINI GOODRICH & ROSATI 1301 Avenue of the Americas New York NY 10019 0001734916 N ALTA FOX OPPORTUNITIES FUND, LP WC N DE 0.00 4430799.00 0.00 4430799.00 4430799.00 N 9.1 PN 0002046794 N ALTA FOX GENPAR, LP OO N DE 0.00 4430799.00 0.00 4430799.00 4430799.00 N 9.1 PN 0002046809 N ALTA FOX EQUITY, LLC OO N DE 0.00 4430799.00 0.00 4430799.00 4430799.00 N 9.1 OO 0001858353 N ALTA FOX CAPITAL MANAGEMENT, LLC OO N TX 0.00 4430799.00 0.00 4430799.00 4430799.00 N 9.1 OO 0001914940 N P. CONNOR HALEY OO N X1 0.00 4430799.00 0.00 4430799.00 4430799.00 N 9.1 IN Common Stock, par value $0.00001 per share DAKTRONICS INC /SD/ PO BOX 5128 201 DAKTRONICS DRIVE BROOKINGS SD 57006 The following constitutes Amendment No. 4 to the Schedule 13D filed by the undersigned ("Amendment No. 4"). This Amendment No. 4 amends the Schedule 13D as specifically set forth herein. Unless otherwise defined herein, all capitalized terms used herein shall the meanings given to them in the Schedule 13D. Item 3 is hereby amended as follows: The Shares purchased by Alta Fox Opportunities were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted, as set forth in Exhibit 1, which is incorporated by reference herein. The aggregate purchase price of the 4,430,799 Shares beneficially owned by Alta Fox Opportunities is approximately $26,554,234, including brokerage commissions. Item 4 is hereby amended to add the following: On October 24, 2025, the Reporting Persons entered into an Amendment to the Cooperation Agreement with the Issuer (the "Amendment"), which amended the Agreement. The Amendment provides that the Issuer's investor day will now be held no later than May 2, 2026, which is the Issuer's 2026 fiscal year end. The foregoing description of the Amendment is qualified in its entirety by reference to the Amendment, which is attached as Exhibit 99.1 hereto and is incorporated herein by reference. Items 5 (a)-(c) are hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 48,530,238 Shares outstanding, as of September 2, 2025, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on September 10, 2025. Alta Fox Opportunities (a) As of the date hereof, Alta Fox Opportunities beneficially owns 4,430,799 Shares. Percentage: Approximately 9.1% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 4,430,799 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 4,430,799 (c) The transactions in the Shares by Alta Fox Opportunities during the past sixty days are set forth in Exhibit 1 and are incorporated herein by reference. Alta Fox GP (a) Alta Fox GP, as the general partner of Alta Fox Opportunities, may be deemed the beneficial owner of the 4,430,799 Shares owned by Alta Fox Opportunities. Percentage: Approximately 9.1% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 4,430,799 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 4,430,799 (c) Alta Fox GP has not entered into any transactions in the Shares during the past sixty days. Alta Fox LLC (a) Alta Fox LLC, as the general partner of Alta Fox GP, may be deemed the beneficial owner of the 4,430,799 Shares owned by Alta Fox Opportunities. Percentage: Approximately 9.1% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 4,430,799 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 4,430,799 (c) Alta Fox LLC has not entered into any transactions in the Shares during the past sixty days. Alta Fox Capital (a) Alta Fox Capital, as the investment manager of Alta Fox Opportunities, may be deemed the beneficial owner of the 4,430,799 Shares owned by Alta Fox Opportunities. Percentage: Approximately 9.1% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 4,430,799 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 4,430,799 (c) Alta Fox Capital has not entered into any transactions in the Shares during the past sixty days. Mr. Haley (a) Mr. Haley, as the sole owner, member and manager of each of Alta Fox Capital and Alta Fox LLC, may be deemed the beneficial owner of the 4,430,799 Shares owned by Alta Fox Opportunities. Percentage: Approximately 9.1% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 4,430,799 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 4,430,799 (c) Mr. Haley has not entered into any transactions in the Shares during the past sixty days. Item 6 is hereby amended to add the following: On October 24, 2025, the Reporting Persons and the Issuer entered into the Amendment, as defined and described in Item 4 above, which is attached as Exhibit 99.1 and incorporated herein by reference. Item 7 is hereby amended to add the following exhibit: Exhibit 1: Transactions in the Shares. Exhibit 99.1: First Amendment to Cooperation Agreement by and among Alta Fox Capital Management, LLC, Alta Fox Opportunities Fund, LP, Alta Fox GenPar, LP, Alta Fox Equity, LLC and P. Connor Haley, and Daktronics, Inc., dated as of October 24, 2025. ALTA FOX OPPORTUNITIES FUND, LP /s/ Alta Fox GenPar, LP, its general partner P. Connor Haley, Authorized Signatory 10/24/2025 ALTA FOX GENPAR, LP /s/ Alta Fox Equity, LLC, its general partner P. Connor Haley, Authorized Signatory 10/24/2025 ALTA FOX EQUITY, LLC /s/ P. Connor Haley, its manager Authorized Signatory 10/24/2025 ALTA FOX CAPITAL MANAGEMENT, LLC /s/ P. Connor Haley, its manager Authorized Signatory 10/24/2025 P. CONNOR HALEY /s/ P. Connor Haley Authorized Signatory 10/24/2025