Samuel J. Johnson - 13 Sep 2022 Form 4 Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Role: EVP, Retail Operations
Signature: /s/ Gary Holland, Attorney-in-fact
Issuer symbol: ASO
Transactions as of: 13 Sep 2022
Net transactions value: -$3,535,921
Form type: 4
Filing time: 14 Sep 2022, 17:09:14 UTC
Previous filing: 01 Apr 2022
Next filing: 01 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASO	Common Stock	Options Exercise	$827,026	+47,805	+36%	$17.30	180,344	13 Sep 2022	Direct	F1
transaction	ASO	Common Stock	Options Exercise	$639,138	+38,572	+21%	$16.57	218,916	13 Sep 2022	Direct
transaction	ASO	Common Stock	Options Exercise	$314,797	+18,998	+8.7%	$16.57	237,914	13 Sep 2022	Direct
transaction	ASO	Common Stock	Options Exercise	$110,638	+6,625	+2.8%	$16.70	244,539	13 Sep 2022	Direct
transaction	ASO	Common Stock	Sale	$5,427,520	-112,000	-46%	$48.46	132,539	13 Sep 2022	Direct	F2, F3

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	Stock Options (Right to Buy)	Options Exercise	$0	-47,805	-96%	$0.000000	1,952	13 Sep 2022	Common Stock	47,805	$17.30	Direct	F4
transaction	ASO	Stock Options (Right to Buy)	Options Exercise	$0	-38,572	-100%	$0.000000^*	0	13 Sep 2022	Common Stock	38,572	$16.57	Direct	F4
transaction	ASO	Stock Options (Right to Buy)	Options Exercise	$0	-18,998	-100%	$0.000000^*	0	13 Sep 2022	Common Stock	18,998	$16.57	Direct	F5
transaction	ASO	Stock Options (Right to Buy)	Options Exercise	$0	-6,625	-56%	$0.000000	5,103	13 Sep 2022	Common Stock	6,625	$16.70	Direct	F5

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

Explanation of Responses:

Id	Content
F1	Includes shares of Common Stock acquired under the Issuer's employee stock purchase plan.
F2	Sale of shares to cover the cost of exercise and withholding tax obligations arising from the stock option exercise reported above and the sale of 100% of the net shares acquired from this exercise.
F3	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $48.26 to $48.96, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F4	These time-based options previously granted under the Issuer's 2011 Unit Incentive Plan, or the 2011 Equity Plan, are fully vested due to a Change of Control (as defined in the 2011 Equity Plan) that resulted from the Issuer's secondary public offering that closed on May 10, 2021.
F5	These performance-based options previously granted under the Issuer's 2011 Unit Incentive Plan, or the 2011 Equity Plan, are fully vested due to a Change of Control (as defined in the 2011 Equity Plan) that resulted from the Issuer's secondary public offering that closed on May 10, 2021.