Academy Sports (ASO) CFO exercises RSUs as shares withheld for taxes

Rhea-AI Filing Summary

Academy Sports & Outdoors EVP & CFO Earl Carlton Ford IV reported routine equity compensation activity. He exercised time-based restricted stock units that converted into a total of 6,512 shares of common stock in two tranches. These units were granted under the Company’s 2020 Omnibus Incentive Plan and vest in three equal installments beginning on the first anniversary of the respective grant dates.

To cover tax obligations, 2,563 common shares were withheld at prices of 53.33 and 53.54 per share, classified as tax-withholding dispositions rather than open‑market sales. Following these transactions, he directly holds 19,627 shares of common stock.

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

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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^*

Ford Earl Carlton IV

(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 & CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

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	03/25/2026		M		3,331	A	(1)	19,009	D
Common Stock	03/25/2026		F		1,311	D	$53.54	17,698	D
Common Stock	03/26/2026		M		3,181	A	(1)	20,879	D
Common Stock	03/26/2026		F		1,252	D	$53.33	19,627	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)	(3)	03/26/2026		M			3,181	(4)	03/26/2034	Common Stock	3,181	$0	3,182	D
Restricted Stock Units(2)	(3)	03/25/2026		M			3,331	(5)	03/25/2035	Common Stock	3,331	$0	6,663	D

Explanation of Responses:

1. Restricted stock units convert into Issuer common stock, par value $0.01 per share ("Common Stock") on a one-for-one basis.

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

3. Each restricted stock unit represents a contingent right to receive one share of Common Stock.

4. On March 26, 2024, subject to the Reporting Person's continued service, the Reporting Person was granted 9,544 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date.

5. On March 25, 2025, subject to the Reporting Person's continued service, the Reporting Person was granted 9,994 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	03/26/2026
	** 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)

FAQ

What insider transactions did ASO EVP & CFO Earl Carlton Ford IV report?

He reported exercising restricted stock units into 6,512 shares of Academy Sports & Outdoors common stock. In connection with these vestings, 2,563 shares were withheld to satisfy tax obligations, leaving him with 19,627 directly held shares after the transactions.

Were the ASO insider transactions open-market buys or sells?

The transactions were equity award exercises and tax-withholding dispositions, not open-market buys or sells. Restricted stock units converted into common shares, and a portion of those shares was withheld by the company to cover taxes rather than sold on the open market.

How many Academy Sports & Outdoors shares does the CFO hold after this Form 4?

After the reported vesting and tax-withholding entries, EVP & CFO Earl Carlton Ford IV directly holds 19,627 shares of Academy Sports & Outdoors common stock. This figure reflects the balance after both the RSU conversions and the related tax share withholdings disclosed.

What restricted stock unit awards underlie the ASO CFO’s recent transactions?

The reported activity relates to time-based restricted stock units granted on March 26, 2024 and March 25, 2025. Each grant vests in three equal installments, beginning on the first anniversary of its grant date, and converts one-for-one into Academy common stock upon vesting.

Under which equity plan were the ASO CFO’s RSUs granted?

The restricted stock units were granted under Academy Sports & Outdoors’ 2020 Omnibus Incentive Plan. Each unit represents a contingent right to receive one share of common stock, converting into shares as the time-based vesting conditions are satisfied over the multi-year schedule.

What prices were used for the ASO CFO’s tax-withholding share dispositions?

Shares withheld to cover tax obligations were valued at per-share prices of 53.33 and 53.54. These F-code transactions represent shares delivered to satisfy tax liabilities tied to the RSU vesting, not discretionary sales in the open market.