Manish Maini - Jan 31, 2023 Form 4 Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Signature
/s/ Gary Holland, Attorney-in-fact
Stock symbol
ASO
Transactions as of
Jan 31, 2023
Transactions value $
-$5,970,016
Form type
4
Date filed
2/1/2023, 03:31 PM
Previous filing
Jan 10, 2023
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASO Common Stock Options Exercise +1.83K +1.79% 104K Jan 31, 2023 Direct F1
transaction ASO Common Stock Tax liability -$30.9K -544 -0.52% $56.80 104K Jan 31, 2023 Direct
transaction ASO Common Stock Options Exercise $563K +33.7K +32.41% $16.70 138K Jan 31, 2023 Direct F2
transaction ASO Common Stock Options Exercise $544K +33K +24% $16.48 171K Jan 31, 2023 Direct F2
transaction ASO Common Stock Options Exercise $590K +35.6K +20.87% $16.57 206K Jan 31, 2023 Direct F2
transaction ASO Common Stock Sale -$5.94M -102K -49.61% $58.04 104K Jan 31, 2023 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 Restricted Stock Units Options Exercise $0 -1.83K -33.33% $0.00 3.67K Jan 31, 2023 Common Stock 1.83K Direct F1, F4, F5
transaction ASO Stock Options (Right to Buy) Options Exercise -$563K -33.7K -100% $16.70 0 Jan 31, 2023 Common Stock 33.7K $16.70 Direct F2, F6
transaction ASO Stock Options (Right to Buy) Options Exercise -$544K -33K -100% $16.48 0 Jan 31, 2023 Common Stock 33K $16.48 Direct F2, F7
transaction ASO Stock Options (Right to Buy) Options Exercise -$590K -35.6K -100% $16.57 0 Jan 31, 2023 Common Stock 35.6K $16.57 Direct F2, F7
* 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 The options exercised and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $57.85 to $58.04, 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 Granted under the Company's 2020 Omnibus Incentive Plan (the "Plan").
F5 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.
F6 These time-based options are fully vested.
F7 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.