Academy Sports & Outdoors (ASO) director exercises RSUs and sells stock

Rhea-AI Filing Summary

Academy Sports & Outdoors director Ken C. Hicks reported equity award activity and a small share sale. On January 30, 2026, 1,245 restricted stock units converted into the same number of common shares at an exercise price of $0, increasing his direct common stock holdings.

On the same date, Hicks disposed of 402 common shares at $55.36 per share. After these transactions, he directly owned 451,780 shares of common stock and 4,047 performance-based restricted stock units. Those remaining PRSUs may vest if specified stock price conditions as of January 30, 2026 are certified by the compensation committee.

Insider Trade Summary

1,245 shares exercised/converted

Mixed 3 txns

Insider HICKS KEN C

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,245	$0.00	--
Exercise	Common Stock	1,245	$0.00	--
Tax Withholding	Common Stock	402	$55.36	$22K

Holdings After Transaction: Restricted Stock Units — 4,047 shares (Direct); Common Stock — 452,182 shares (Direct)

Footnotes (1)

1. Restricted stock units convert into common stock on a one-for-one basis. Granted under the Company's 2020 Omnibus Incentive Plan. 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. Of this earned amount, 1/48 of the PRSUs earned will vest for every monthly anniversary since the Vesting Commencement Date (i.e., January 30, 2022), and thereafter, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date. The remaining unearned amount of this grant (i.e., 4,047 PRSUs) may vest upon certification by the Issuer's compensation committee of achievement of certain Issuer stock price conditions as of January 30, 2026.

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^*

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)
01/30/2026

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	01/30/2026		M		1,245	A	(1)	452,182	D
Common Stock	01/30/2026		F		402	D	$55.36	451,780	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)	01/30/2026		M			1,245	(3)	03/30/2032	Common Stock	1,245	$0	4,047	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. Of this earned amount, 1/48 of the PRSUs earned will vest for every monthly anniversary since the Vesting Commencement Date (i.e., January 30, 2022), and thereafter, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date. The remaining unearned amount of this grant (i.e., 4,047 PRSUs) may vest upon certification by the Issuer's compensation committee of achievement of certain Issuer stock price conditions as of January 30, 2026.

Remarks:

	/s/ Gary Holland, Attorney-in-Fact	01/30/2026
	** 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.

FAQ

What insider transactions did ASO director Ken C. Hicks report?

Ken C. Hicks reported converting 1,245 restricted stock units into common shares and selling 402 common shares at $55.36 each. These updates reflect routine equity award activity and a small sale, all recorded as directly owned positions.

How many Academy Sports & Outdoors (ASO) shares does Ken C. Hicks now hold?

After the reported transactions, Ken C. Hicks directly owns 451,780 shares of Academy Sports & Outdoors common stock. He also holds 4,047 performance-based restricted stock units that may vest if specified stock price conditions are certified.

What was the price and size of Ken C. Hicks’s ASO share sale?

Ken C. Hicks sold 402 shares of Academy Sports & Outdoors common stock at $55.36 per share. This is a relatively small transaction compared with his remaining 451,780 directly held shares reported after the trade.

What happened to Ken C. Hicks’s restricted stock units at ASO?

On January 30, 2026, 1,245 restricted stock units converted into 1,245 shares of Academy Sports & Outdoors common stock at an exercise price of $0. These units were granted under the company’s 2020 Omnibus Incentive Plan.

What are the terms of Ken C. Hicks’s performance-based RSUs at ASO?

Hicks was granted 63,760 performance-based RSUs in March 2022. After 93.7% performance achievement was certified, 59,713 were earned, vesting monthly from January 30, 2022. The remaining 4,047 units may vest based on stock price conditions as of January 30, 2026.

Under which plan were Ken C. Hicks’s ASO restricted stock units granted?

The restricted stock units reported by Ken C. Hicks were granted under Academy Sports & Outdoors’ 2020 Omnibus Incentive Plan. This plan governs equity-based awards such as RSUs and performance-based RSUs granted to eligible participants.