Rene G. Casares - Mar 2, 2022 Form 4 Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Role: SVP, General Counsel
Signature: /s/ Gary Holland, Attorney-in-fact
Stock symbol: ASO
Transactions as of: Mar 2, 2022
Transactions value $: -$16,674
Form type: 4
Date filed: 3/4/2022, 04:20 PM
Previous filing: Sep 10, 2021
Next filing: Apr 1, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASO	Common Stock	Options Exercise		+1.83K	+2.29%		82.1K	Mar 2, 2022	Direct	F1
transaction	ASO	Common Stock	Tax liability	-$16.7K	-544	-0.66%	$30.65	81.5K	Mar 2, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ASO	Restricted Stock Units	Options Exercise	$0	-1.83K	-25%	$0.00	5.5K	Mar 2, 2022	Common Stock	1.83K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	On March 31, 2021, the Reporting Person was granted 7,336 performance-based restricted stock units. These performance-based restricted stock units vest if certain performance criteria and/or Issuer stock price conditions are met and certified by the Issuer's compensation committee. Following certification of achievement of the performance criteria during fiscal 2021 by the Issuer's compensation committee on March 2, 2022, 25% of this grant vested on March 2, 2022, and the remaining 75% will vest in three equal annual installments beginning on January 31, 2023.

Content

Restricted stock units convert into common stock on a one-for-one basis.

On March 31, 2021, the Reporting Person was granted 7,336 performance-based restricted stock units. These performance-based restricted stock units vest if certain performance criteria and/or Issuer stock price conditions are met and certified by the Issuer's compensation committee. Following certification of achievement of the performance criteria during fiscal 2021 by the Issuer's compensation committee on March 2, 2022, 25% of this grant vested on March 2, 2022, and the remaining 75% will vest in three equal annual installments beginning on January 31, 2023.