Michael P. Mullican - Oct 12, 2023 Form 4 Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Role
President
Signature
/s/ Gary Holland, Attorney-in-Fact
Stock symbol
ASO
Transactions as of
Oct 12, 2023
Transactions value $
-$725,335
Form type
4
Date filed
10/13/2023, 04:08 PM
Previous filing
Sep 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASO Common Stock Options Exercise $861K +49.8K +45.06% $17.30 160K Oct 12, 2023 Direct
transaction ASO Common Stock Tax liability -$1.39M -31.3K -19.56% $44.45 129K Oct 12, 2023 Direct F1
transaction ASO Common Stock Options Exercise $767K +28.4K +22.06% $26.99 157K Oct 12, 2023 Direct
transaction ASO Common Stock Tax liability -$961K -21.7K -13.79% $44.31 136K Oct 12, 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 -49.8K -100% $0.00* 0 Oct 12, 2023 Common Stock 49.8K $17.30 Direct F2
transaction ASO Stock Options (Right to Buy) Options Exercise $0 -28.4K -50% $0.00 28.4K Oct 12, 2023 Common Stock 28.4K $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 Reflects net settlement of shares to cover the cost of exercise and tax withholding obligations arising from the stock option exercise reported 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 2020 Omnibus Incentive Plan, as amended (the "Plan").
F4 On March 31, 2021, the Report Person was granted 56,843 time-based options. 50% of these time-based options have vested and the remaining 50% will vest in two equal installments on each March 31, 2024 and March 31, 2025.