Academy Sports & Outdoors (ASO) discloses director stock sales

Rhea-AI Filing Summary

Academy Sports & Outdoors, Inc. reported common stock sales by a director. On December 12, 2025, the director sold 15,152 shares at a weighted average price of $55.24 and 1,919 shares at a weighted average price of $55.84. On December 15, 2025, the director sold 3,500 shares at $55.01. After these transactions, the director beneficially owned 39,107 shares of common stock, held directly. The December 12 prices are reported as weighted averages for multiple trades within specified price ranges.

Insider Trade Summary

Net Seller: 20,571 shares ($1,136,688)

Net Sell 3 txns

Insider MARLEY BRIAN T

Role Director

Sold 20,571 shs ($1.14M)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,500	$55.01	$193K
Sale	Common Stock	15,152	$55.24	$837K
Sale	Common Stock	1,919	$55.84	$107K

Holdings After Transaction: Common Stock — 39,107 shares (Direct)

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $54.63 to $55.55, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $55.72 to $56.01, 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.

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
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^*

MARLEY BRIAN T

(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)
12/12/2025

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	12/12/2025		S		15,152	D	$55.24(1)	44,526	D
Common Stock	12/12/2025		S		1,919	D	$55.84(2)	42,607	D
Common Stock	12/15/2025		S		3,500	D	$55.01	39,107	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:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $54.63 to $55.55, 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.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $55.72 to $56.01, 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.

Remarks:

	/s/ Gary Holland, Attorney-in-Fact	12/15/2025
	** 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

What insider transaction did ASO report in this Form 4?

A director of Academy Sports & Outdoors, Inc. (ASO) reported selling shares of the company’s common stock on December 12, 2025 and December 15, 2025.

How many Academy Sports & Outdoors (ASO) shares were sold on December 12, 2025?

On December 12, 2025, the director sold 15,152 shares at a weighted average price of $55.24 and an additional 1,919 shares at a weighted average price of $55.84.

What ASO share sale was reported on December 15, 2025?

On December 15, 2025, the director sold 3,500 shares of Academy Sports & Outdoors common stock at a price of $55.01.

What prices were reported for the ASO stock sales?

The Form 4 reports weighted average prices of $55.24 and $55.84 for the December 12, 2025 sales, with those trades executed in multiple transactions within stated price ranges, and a price of $55.01 for the December 15, 2025 sale.

How many ASO shares does the director own after these transactions?

Following the reported transactions, the director beneficially owned 39,107 shares of Academy Sports & Outdoors common stock, held directly.

What is the reporting person’s relationship to Academy Sports & Outdoors (ASO)?

The reporting person is identified as a director of Academy Sports & Outdoors, Inc., and the Form 4 is filed for one reporting person.