Academy Sports (NASDAQ: ASO) EVP exercises RSUs and covers taxes in shares

Rhea-AI Filing Summary

Academy Sports & Outdoors EVP & CMO Matthew M. McCabe reported routine equity compensation activity. On March 25–26, 2026, he exercised restricted stock units that converted into a total of 6,512 shares of common stock at a conversion price of $0.00 per share.

To cover tax obligations related to these vestings, 1,252 shares were withheld at $53.33 per share and 1,311 shares were withheld at $53.54 per share, classified as tax-withholding dispositions rather than open‑market sales. Following these transactions, McCabe directly holds 23,926 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^*

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)
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)	23,308	D
Common Stock	03/25/2026		F		1,311	D	$53.54	21,997	D
Common Stock	03/26/2026		M		3,181	A	(1)	25,178	D
Common Stock	03/26/2026		F		1,252	D	$53.33	23,926	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 executive Matthew McCabe report?

Matthew McCabe reported exercises of restricted stock units that converted into 6,512 shares of Academy Sports & Outdoors common stock. These were routine equity compensation events tied to prior grants, with a portion of the resulting shares withheld to satisfy tax obligations rather than sold in the open market.

How many Academy Sports (ASO) shares did Matthew McCabe acquire and at what price?

McCabe acquired 6,512 shares of Academy Sports & Outdoors common stock through restricted stock unit conversions at a stated conversion price of $0.00 per share. These shares arose from previously granted, time-based restricted stock units that vested and automatically settled into common stock upon vesting.

Were any of Matthew McCabe’s ASO transactions open-market sales?

None of McCabe’s reported transactions were open-market sales. The only dispositions were 1,252 and 1,311 shares of common stock withheld at $53.33 and $53.54 per share, respectively, solely to cover tax liabilities associated with the vesting and settlement of restricted stock units into common stock.

What is Matthew McCabe’s direct share ownership in ASO after these transactions?

After these transactions, McCabe directly holds 23,926 shares of Academy Sports & Outdoors common stock. This figure reflects the net position following the conversion of restricted stock units into shares and the related share-withholding transactions used to satisfy tax obligations on the vested equity awards.

What restricted stock unit grants underpin Matthew McCabe’s recent ASO share activity?

The activity relates to time-based restricted stock units granted on March 26, 2024 and March 25, 2025 under the 2020 Omnibus Incentive Plan. Each grant vests in three equal installments, with these Form 4 entries reflecting portions that vested and converted into common stock during March 2026.

How many ASO shares were withheld for taxes in Matthew McCabe’s Form 4?

A total of 2,563 Academy Sports & Outdoors shares were withheld for taxes: 1,252 shares at $53.33 per share and 1,311 shares at $53.54 per share. These tax-withholding dispositions are administrative and differ from voluntary open-market sales of common stock.