Steven Paul Lawrence - 31 Jan 2023 Form 4 Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Role: EVP & CMO
Signature: /s/ Gary Holland, Attorney-in-fact
Issuer symbol: ASO
Transactions as of: 31 Jan 2023
Transactions value $: -$47,314
Form type: 4
Filing time: 01 Feb 2023, 15:35:53 UTC
Previous filing: 01 Apr 2022
Next filing: 03 Mar 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		+3.06K	+2.66%		118K	31 Jan 2023	Direct	F1, F2
transaction	ASO	Common Stock	Tax liability	-$47.3K	-833	-0.71%	$56.80	117K	31 Jan 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	-3.06K	-33.33%	$0.00	6.11K	31 Jan 2023	Common Stock	3.06K		Direct	F1, F3, F4

* 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	Includes shares of Common Stock acquired under the Issuer's employee stock purchase plan.
F3	Granted under the Company's 2020 Omnibus Incentive Plan (the "Plan").
F4	On March 31, 2021, the Reporting Person was granted 12,226 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.