Ken C. Hicks - Mar 2, 2022 Form 4 Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Role: Chairman, President and CEO, Director
Signature: /s/ Gary Holland, Attorney-in-fact
Stock symbol: ASO
Transactions as of: Mar 2, 2022
Transactions value $: -$175,502
Form type: 4
Date filed: 3/4/2022, 04:52 PM
Previous filing: Jan 14, 2022
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		+16.6K	+3.76%		457K	Mar 2, 2022	Direct	F1
transaction	ASO	Common Stock	Tax liability	-$176K	-5.73K	-1.25%	$30.65	452K	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	-16.6K	-27.08%	$0.00	44.6K	Mar 2, 2022	Common Stock	16.6K		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 61,133 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, 1/48 of the total performance-based restricted stock units granted will vest for every monthly anniversary since the Vesting Commencement Date (i.e., January 31, 2021), and thereafter on each monthly anniversary of the Vesting Commencement Date.

Content

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

On March 31, 2021, the Reporting Person was granted 61,133 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, 1/48 of the total performance-based restricted stock units granted will vest for every monthly anniversary since the Vesting Commencement Date (i.e., January 31, 2021), and thereafter on each monthly anniversary of the Vesting Commencement Date.