Rene G. Casares - Jan 31, 2023 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: Jan 31, 2023
Transactions value $: -$30,899
Form type: 4
Date filed: 2/1/2023, 03:34 PM
Previous filing: Oct 26, 2022
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	+2.08%		89.9K	Jan 31, 2023	Direct	F1
transaction	ASO	Common Stock	Tax liability	-$30.9K	-544	-0.61%	$56.80	89.4K	Jan 31, 2023	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	-33.33%	$0.00	3.67K	Jan 31, 2023	Common Stock	1.83K		Direct	F1, F2, F3

* 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	Granted under the Company's 2020 Omnibus Incentive Plan (the "Plan").
F3	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.