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

Role: President
Signature: /s/ Gary Holland, Attorney-in-Fact
Issuer symbol: ASO
Transactions as of: 12 Oct 2023
Net transactions value: -$725,335
Form type: 4
Filing time: 13 Oct 2023, 16:08:30 UTC
Previous filing: 11 Sep 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	$860,796	+49,757	+45%	$17.30	160,182	12 Oct 2023	Direct
transaction	ASO	Common Stock	Tax liability	$1,392,396	-31,325	-20%	$44.45	128,857	12 Oct 2023	Direct	F1
transaction	ASO	Common Stock	Options Exercise	$767,083	+28,421	+22%	$26.99	157,278	12 Oct 2023	Direct
transaction	ASO	Common Stock	Tax liability	$960,818	-21,684	-14%	$44.31	135,594	12 Oct 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	-49,757	-100%	$0.000000^*	0	12 Oct 2023	Common Stock	49,757	$17.30	Direct	F2
transaction	ASO	Stock Options (Right to Buy)	Options Exercise	$0	-28,421	-50%	$0.000000	28,422	12 Oct 2023	Common Stock	28,421	$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.