Academy Sports exec exercises 1,621 RSUs

ASO’s EVP & CMO exercised 1,621 RSUs into common stock, with 638 shares used to cover exercise price or tax obligations.

Rhea-AI Filing Summary

Academy Sports & Outdoors, Inc. (ASO) reported that EVP & CMO Matthew M. McCabe exercised 1,621 restricted stock units into an equal number of shares of common stock on September 8, 2026. These RSUs were granted under the company’s 2020 Omnibus Incentive Plan and were part of a 4,863-unit time-based award granted on September 6, 2023 that vests in three equal installments beginning on the first anniversary of the grant date. In connection with the exercise, 638 shares of common stock were delivered or withheld at $44.94 per share for payment of the exercise price or tax liability. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

1,621 shares exercised/converted

Exercise 3 txns

Insider McCabe Matthew M.

Role EVP & CMO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F2, F1, F3	1,621	$0.00	$0.00
Exercise	Common Stock F1	1,621	--	--
Exercise Price or Tax Liability	Common Stock	638	$44.94	$29K

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 24,909 shares (Direct)

Footnotes (3)

1. F1. Restricted stock units convert into Common Stock on a one-for-one basis.
2. F2. Granted under the Company's 2020 Omnibus Incentive Plan, as amended (the "Plan").
3. F3. On September 6, 2023, subject to the Reporting Person's continued service, the Reporting Person was granted 4,863 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date.

Key Figures

RSUs exercised: 1,621 units Shares received: 1,621 shares Shares delivered/withheld: 638 shares +2 more

5 metrics

RSUs exercised 1,621 units Restricted stock units converted into common stock on September 8, 2026

Shares received 1,621 shares Common stock issued upon RSU conversion on September 8, 2026

Shares delivered/withheld 638 shares Delivered or withheld to pay exercise price or tax liability

Per-share amount for tax/exercise $44.94 per share Price used for the 638 shares delivered or withheld

Original time-based RSU grant 4,863 units Granted September 6, 2023, vesting in three equal installments

Key Terms

Restricted Stock Units, 2020 Omnibus Incentive Plan, time-based restricted stock units, Payment of exercise price or tax liability

4 terms

Restricted Stock Units financial

"Restricted stock units convert into Common Stock on a one-for-one basis"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2020 Omnibus Incentive Plan financial

"Granted under the Company's 2020 Omnibus Incentive Plan, as amended"

time-based restricted stock units financial

"granted 4,863 time-based restricted stock units that vest in three equal installments"

Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.

Payment of exercise price or tax liability financial

"Payment of exercise price or tax liability by delivering or withholding securities"

FAQ

What did ASO executive Matthew McCabe report on this Form 4?

He exercised 1,621 restricted stock units into 1,621 shares of Academy Sports & Outdoors common stock on September 8, 2026, and 638 shares were delivered or withheld to pay the exercise price or tax liability.

How many Academy Sports & Outdoors (ASO) RSUs did McCabe exercise?

Matthew McCabe exercised 1,621 restricted stock units, which converted on a one-for-one basis into 1,621 shares of common stock.

At what price were ASO shares delivered or withheld for McCabe’s tax or exercise costs?

In connection with the RSU exercise, 638 shares of Academy Sports & Outdoors common stock were delivered or withheld at $44.94 per share for payment of the exercise price or tax liability.

Under what plan were McCabe’s ASO restricted stock units granted?

The restricted stock units were granted under Academy Sports & Outdoors’ 2020 Omnibus Incentive Plan, as amended.

When were the time-based RSUs for ASO’s EVP & CMO originally granted and how do they vest?

On September 6, 2023, Matthew McCabe was granted 4,863 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date, subject to his continued service.

Were McCabe’s ASO transactions under a Rule 10b5-1 trading plan?

No. The filing indicates that no Rule 10b5-1 trading plan is reported for these transactions.

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Available on EDGAR 09/08/2026 - 07:03 PM Accepted by SEC EDGAR 09/08/2026 - 07:03 PM Learn about SEC filing dates

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^*

McCabe Matthew M.

(Last) (First) (Middle)

C/O ACADEMY SPORTS AND OUTDOORS, INC.

1800 NORTH MASON ROAD

(Street)

KATY TEXAS 77449

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2026

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

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

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

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	09/08/2026		M		1,621	A	(1)	25,547	D
Common Stock	09/08/2026		F		638	D	$44.94	24,909	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)	09/08/2026		M			1,621	(3)	(3)	Common Stock	1,621	$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, as amended (the "Plan").

3. On September 6, 2023, subject to the Reporting Person's continued service, the Reporting Person was granted 4,863 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date.

Remarks:

	/s/ Gary Holland, Attorney-in-Fact	09/08/2026
	** 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.
* Form 4: SEC 1474 (03-26)