Matthew M. McCabe - 25 Mar 2025 Form 4 Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Role: EVP & CMO
Signature: /s/ Gary Holland, Attorney-in-Fact
Issuer symbol: ASO
Transactions as of: 25 Mar 2025
Net transactions value: -$62,638
Form type: 4
Filing time: 26 Mar 2025, 17:53:43 UTC
Previous filing: 21 Mar 2025
Next filing: 15 Apr 2025
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		+3,181	+23%		16,877	26 Mar 2025	Direct	F1
transaction	ASO	Common Stock	Tax liability	$62,638	-1,252	-7.4%	$50.03	15,625	26 Mar 2025	Direct

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	-3,181	-33%	$0.000000	6,363	26 Mar 2025	Common Stock	3,181		Direct	F2, F3, F4
transaction	ASO	Restricted Stock Units	Award	$0	+9,994		$0.000000	9,994	25 Mar 2025	Common Stock	9,994		Direct	F2, F3, F5
transaction	ASO	Restricted Stock Units	Award	$0	+9,994		$0.000000	9,994	25 Mar 2025	Common Stock	9,994		Direct	F2, F3, F6

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

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into Common Stock on a one-for-one basis.
F2	Granted under the Company's 2020 Omnibus Incentive Plan (the "Plan").
F3	Each restricted stock unit represents a contingent right to receive one share of Issuer common stock, par value $0.01 per share ("Common Stock").
F4	On March 26, 2024, subject to the Reporting Person's continued service, the Reporting Person was granted 9,544 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date.
F5	On March 25, 2025, subject to the Reporting Person's continued service, the Reporting Person was granted 9,994 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date.
F6	On March 25, 2025, the Reporting Person was granted 9,994 performance-based restricted stock units ("PRSUs"). These PRSUs vest if certain preestablished performance metrics related to the Company's (i) adjusted pre-tax income, and (ii) return on invested capital over a 3-year period beginning on February 2, 2025 and ending on January 29, 2028, are achieved and certified by the Issuer's compensation committee (which, if any, may vary from 0% to 200% of the number shown above), subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.