Samuel J. Johnson - 12 Sep 2023 Form 4 Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Role: EVP, Retail Operations
Signature: /s/ Gary Holland, Attorney-in-Fact
Issuer symbol: ASO
Transactions as of: 12 Sep 2023
Net transactions value: -$1,303,646
Form type: 4
Filing time: 13 Sep 2023, 16:42:26 UTC
Previous filing: 11 Sep 2023
Next filing: 07 Dec 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	$33,770	+1,952	+2.3%	$17.30	85,256	12 Sep 2023	Direct
transaction	ASO	Common Stock	Options Exercise	$690,350	+25,578	+30%	$26.99	110,834	12 Sep 2023	Direct
transaction	ASO	Common Stock	Sale	$2,027,766	-40,531	-37%	$50.03	70,303	12 Sep 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	Stock Options (Right to Buy)	Options Exercise	$0	-1,952	-100%	$0.000000^*	0	12 Sep 2023	Common Stock	1,952	$17.30	Direct	F2
transaction	ASO	Stock Options (Right to Buy)	Options Exercise	$0	-25,578	-50%	$0.000000	25,580	12 Sep 2023	Common Stock	25,578	$26.99	Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $49.45 to $50.32, 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.
F2	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.
F3	Granted under the Company's Amended and Restated 2020 Omnibus Incentive Plan (the "Plan").
F4	On March 31, 2021, the Reporting Person was granted 51,158 time-based options. These time-based options vest in four equal installments beginning on first anniversary of the grant date.