Heather A. Davis - 01 Feb 2023 Form 4 Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Role: SVP-Accounting Treasury Tax
Signature: /s/ Gary Holland, Attorney-in-fact
Issuer symbol: ASO
Transactions as of: 01 Feb 2023
Net transactions value: -$58,165
Form type: 4
Filing time: 03 Feb 2023, 16:29:45 UTC
Previous filing: 01 Feb 2023
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	Sale	$24,912	-429	-71%	$58.07	176	01 Feb 2023	Direct	F1
transaction	ASO	Common Stock	Options Exercise		+543	+309%		719	02 Feb 2023	Direct	F2
transaction	ASO	Common Stock	Tax liability	$9,562	-161	-22%	$59.39	558	02 Feb 2023	Direct
transaction	ASO	Common Stock	Sale	$23,692	-382	-68%	$62.02	176	03 Feb 2023	Direct	F1

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	-543	-50%	$0.000000	544	02 Feb 2023	Common Stock	543		Direct	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	The sale effected was pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2	Restricted stock units convert into common stock on a one-for-one basis.
F3	Granted under the Company's 2020 Omnibus Incentive Plan (the "Plan").
F4	On December 9, 2020, the Reporting Person was granted 2,173 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 2020 by the Issuer's compensation committee on March 4, 2021, 25% of this grant vested on March 4, 2021, and the remaining 75% vest in three equal annual installments beginning on February 2, 2022.