Academy Sports (ASO) director Ken Hicks exercises RSUs and withholds shares for tax

Rhea-AI Filing Summary

Academy Sports & Outdoors, Inc. director Ken C. Hicks reported equity award activity involving performance-based restricted stock units and related common stock. On March 4, 2026, he exercised 4,047 restricted stock units, converting them on a one-for-one basis into 4,047 shares of common stock at an exercise price of $0.00 per share.

On the same date, 1,500 shares of common stock were disposed of at $59.78 per share to satisfy tax withholding obligations in connection with this equity award. After these transactions, Hicks directly owned 454,327 shares of common stock. The units were granted under the company’s 2020 Omnibus Incentive Plan and stem from a March 30, 2022 performance-based RSU grant whose vesting was tied to performance criteria and stock price conditions certified by the compensation committee.

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

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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^*

HICKS KEN C

(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)
03/04/2026

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	03/04/2026		M		4,047	A	(1)	455,827	D
Common Stock	03/04/2026		F		1,500	D	$59.78	454,327	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
Restricted Stock Units(2)	(1)	03/04/2026		M			4,047	(3)	03/30/2032	Common Stock	4,047	$0	0	D

Explanation of Responses:

1. Restricted stock units convert into common stock on a one-for-one basis.

2. Granted under the Company's 2020 Omnibus Incentive Plan.

3. On March 30, 2022, the Reporting Person was granted 63,760 performance-based restricted stock units ("PRSUs"). These PRSUs vest if certain performance criteria and/or Issuer stock price conditions are met and certified by the Issuer's compensation committee. On March 1, 2023, the Issuer's compensation committee certified achievement of 93.7% of the performance criteria during fiscal 2022 meaning that 59,713 PRSUs were deemed earned and have fully vested as of January 30, 2026. On March 4, 2026, the Issuer's compensation committee certified achievement of certain Issuer stock price conditions as of January 30, 2026, meaning that the remaining unearned amount of this grant (i.e., 4,047 PRSUs) was deemed earned and vested as of the date of such certification.

Remarks:

	/s/ Gary Holland, Attorney-in-Fact	03/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Ken C. Hicks report at Academy Sports (ASO)?

Ken C. Hicks reported exercising 4,047 restricted stock units into 4,047 shares of Academy Sports common stock and disposing of 1,500 shares to cover tax withholding. These movements reflect equity award vesting and related tax payments, not an open-market stock purchase or sale.

How many Academy Sports (ASO) shares does Ken C. Hicks own after this Form 4?

Following the reported transactions, Ken C. Hicks directly owns 454,327 shares of Academy Sports common stock. This figure reflects the conversion of 4,047 restricted stock units and the tax-withholding disposition of 1,500 shares, as disclosed in the Form 4 filing.

What equity award did the 4,047 RSUs for Ken C. Hicks at ASO come from?

The 4,047 restricted stock units came from a March 30, 2022 grant of 63,760 performance-based RSUs under Academy Sports’ 2020 Omnibus Incentive Plan. Vesting depended on performance criteria and stock price conditions certified by the company’s compensation committee.

Why were 1,500 Academy Sports (ASO) shares disposed of in Ken C. Hicks’s filing?

The 1,500 Academy Sports shares were disposed of to pay tax liabilities related to the equity award, at a reported price of $59.78 per share. This tax-withholding disposition is coded as an F transaction, not an open-market discretionary sale.

What performance conditions affected Ken C. Hicks’s PRSUs at Academy Sports (ASO)?

The performance-based RSUs vested based on certified performance criteria for fiscal 2022 and separate stock price conditions as of January 30, 2026. The compensation committee certified 93.7% performance achievement in 2023 and later certified stock price conditions on March 4, 2026.

Are Ken C. Hicks’s restricted stock units at ASO part of a company incentive plan?

Yes. The restricted stock units were granted under Academy Sports’ 2020 Omnibus Incentive Plan. This plan provides equity-based compensation, including performance-based RSUs that convert into common stock on a one-for-one basis when specified performance and stock price conditions are met.