[Form 4] Academy Sports and Outdoors, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Academy Sports & Outdoors (NASDAQ:ASO) filed a Form 4 disclosing that Director Christopher Lee Turner sold 4,400 common shares on 26 Jun 2025 at $44.48, generating roughly $196 thousand in proceeds. The sale, coded “S,” was not executed under a 10b5-1 plan and trimmed Turner’s direct ownership to 7,084 shares, a 38% reduction from his pre-sale position. No derivative transactions or additional insider trades were reported. While the filing does not alter operations or guidance, the scale of the disposal may influence perceptions of insider confidence.

Positive

• None.

Negative

• Director Christopher Lee Turner sold 4,400 shares (~38% of his direct holdings) at $44.48, reducing his stake to 7,084 shares and potentially signaling lower insider confidence.

Insights

Insider Trading Analyst

TL;DR: Director sells 38% of stake; modest dollars but negative sentiment cue.

The 4,400-share sale equates to roughly 38% of Turner’s directly held stock and occurs outside a preset 10b5-1 plan, suggesting a discretionary move. Although the $196k value is immaterial to ASO’s market capitalization, the proportional reduction is sizeable for a director, potentially signaling tempered conviction ahead of upcoming catalysts. Remaining ownership of 7,084 shares keeps some alignment, but absent offsetting insider purchases the filing leans bearish in sentiment rather than financial impact.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Turner Christopher Lee

(Last) (First) (Middle)

C/O ACADEMY SPORTS AND OUTDOORS, INC.

1800 NORTH MASON ROAD

(Street)

KATY TX 77449

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Academy Sports & Outdoors, Inc. [ ASO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/26/2025		S		4,400	D	$44.48	7,084	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Gary Holland, Attorney-in-Fact	06/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many ASO shares did Director Christopher Lee Turner sell on 06/26/2025?

He sold 4,400 common shares according to the Form 4.

At what price were the ASO shares sold by Director Turner?

The shares were sold at $44.48 per share.

What percentage of his holdings did Turner dispose of in the sale?

The sale represents approximately 38% of his direct stake prior to the transaction.

How many ASO shares does Turner own after the transaction?

Post-sale, Turner directly owns 7,084 shares of ASO common stock.