Ken C. Hicks - May 30, 2023 Form 4/A - Amendment Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Role: Chairman, President and CEO, Director
Signature: /s/ Gary Holland, Attorney-in-fact
Stock symbol: ASO
Transactions as of: May 30, 2023
Transactions value $: -$61,551
Form type: 4/A - Amendment
Date filed: 5/31/2023, 09:31 PM
Date Of Original Report: May 31, 2023
Previous filing: May 3, 2023
Next filing: May 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASO	Common Stock	Options Exercise		+1.24K	+0.26%		474K	May 30, 2023	Direct	F1, F2
transaction	ASO	Common Stock	Tax liability	-$30.7K	-617	-0.13%	$49.69	473K	May 30, 2023	Direct	F1
transaction	ASO	Common Stock	Options Exercise		+1.27K	+0.27%		475K	May 31, 2023	Direct	F2
transaction	ASO	Common Stock	Tax liability	-$30.9K	-632	-0.13%	$48.88	474K	May 31, 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	-1.24K	-2.76%	$0.00	43.9K	May 30, 2023	Common Stock	1.24K		Direct	F1, F2, F3, F4
transaction	ASO	Restricted Stock Units	Options Exercise	$0	-1.27K	-4.76%	$0.00	25.5K	May 31, 2023	Common Stock	1.27K		Direct	F2, F3, F5

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

Explanation of Responses:

Id	Content
F1	This Form 4/A is being filed solely to amend the original Form 4 filed by the Reporting Person on May 31, 2023 to (i) correct the transaction dates for one tranche of vested PRSUs (as defined below) and (ii) to reflect that net share tax withholding took place on May 30, 2023 and May 31, 2023 when the relevant grants vested.
F2	Restricted stock units convert into common stock on a one-for-one basis.
F3	Granted under the Company's 2020 Omnibus Incentive Plan.
F4	On March 30, 2022, the Reporting Person was granted 63,760 performance-based restricted stock units ("PRSUs"). These PRSUs vest if certain performance criteria and/or Issuer stock price conditions are met and certified by the Issuer's compensation committee. On March 1, 2023, the Issuer's compensation committee certified achievement of 93.7% of the performance criteria during fiscal 2022 meaning that 59,713 PRSUs were deemed earned. Of this earned amount, 1/48 of the PRSUs earned will vest for every monthly anniversary since the Vesting Commencement Date (i.e., January 30, 2022), and thereafter, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date. The remaining unearned amount of this grant (i.e., 4,047 PRSUs) may vest upon certification by the Issuer's compensation committee of achievement of certain Issuer stock price conditions as of the fourth anniversary of the Vesting Commencement Date.
F5	On March 31, 2021, the Reporting Person was granted 61,133 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, 1/48 of the total performance-based restricted stock units granted will vest for every monthly anniversary since the Vesting Commencement Date (i.e., January 31, 2021), and thereafter on each monthly anniversary of the Vesting Commencement Date.