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Director Beryl Raff converts 3,932 RSUs at Academy Sports (ASO)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Academy Sports & Outdoors director Beryl Raff exercised previously granted restricted stock units into common shares. On June 3, 2026, 3,932 restricted stock units converted into 3,932 shares of common stock at $0.00 per share under the company’s 2020 Omnibus Incentive Plan. Following this compensation-related conversion, Raff directly holds 19,281.849 shares of Academy Sports & Outdoors common stock.

Positive

  • None.

Negative

  • None.
Insider RAFF BERYL
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 3,932 $0.00 --
Exercise Common Stock 3,932 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 19,281.849 shares (Direct, null)
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, as amended (the "Plan"). On June 13, 2025, the Reporting Person was granted 3,932 time-based restricted stock units that vest 100%, subject to the Reporting Person's continued service with the Issuer, on the earliest of (i) the first anniversary of the date of grant, or, if earlier, the date which is the business day immediately preceding the date of the Issuer's next Annual Meeting of Stockholders, (ii) the Reporting Person's termination due to death or Disability (as defined in the Plan), or (iii) a Change in Control (as defined in the Plan).
RSUs converted 3,932 units Restricted stock units converted to common stock on June 3, 2026
Shares acquired 3,932 shares Common stock received from RSU conversion at $0.00 per share
Post-transaction holdings 19,281.849 shares Director’s direct common stock holdings after June 3, 2026 transaction
Exercise price $0.00 per share Conversion price for restricted stock units into common stock
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 (the "Plan")."
Change in Control financial
"or (iii) a Change in Control (as defined in the Plan)."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
RAFF BERYL
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/03/2026M3,932A(1)19,281.849D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)(1)06/03/2026M3,932 (3) (3)Common Stock3,932$00D
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 June 13, 2025, the Reporting Person was granted 3,932 time-based restricted stock units that vest 100%, subject to the Reporting Person's continued service with the Issuer, on the earliest of (i) the first anniversary of the date of grant, or, if earlier, the date which is the business day immediately preceding the date of the Issuer's next Annual Meeting of Stockholders, (ii) the Reporting Person's termination due to death or Disability (as defined in the Plan), or (iii) a Change in Control (as defined in the Plan).
Remarks:
/s/ Gary Holland, Attorney-in-Fact06/03/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Academy Sports (ASO) director Beryl Raff report in this Form 4 filing?

Director Beryl Raff reported exercising restricted stock units into common stock. On June 3, 2026, 3,932 restricted stock units converted into 3,932 Academy Sports & Outdoors common shares at $0.00 per share under the company’s 2020 Omnibus Incentive Plan.

How many Academy Sports (ASO) shares did Beryl Raff acquire in this transaction?

Beryl Raff acquired 3,932 shares of Academy Sports & Outdoors common stock. These shares came from the conversion of 3,932 previously granted restricted stock units on June 3, 2026, on a one-for-one basis, rather than from an open-market purchase.

What happened to Beryl Raff’s restricted stock units in the Academy Sports (ASO) Form 4?

The 3,932 restricted stock units reported were fully converted into common stock. After the June 3, 2026 transaction, the restricted stock unit balance from this grant is shown as zero, reflecting completion of the one-for-one conversion into common shares.

How many Academy Sports (ASO) shares does Beryl Raff hold after the reported transaction?

After the transaction, Beryl Raff directly holds 19,281.849 shares of Academy Sports & Outdoors common stock. This total reflects her position following the conversion of 3,932 restricted stock units into an equal number of common shares on June 3, 2026.

Were Beryl Raff’s Academy Sports (ASO) transactions open-market buys or compensation-related?

The transactions were compensation-related, not open-market trades. The Form 4 shows a derivative exercise/conversion, where 3,932 restricted stock units granted under the 2020 Omnibus Incentive Plan converted into 3,932 common shares at $0.00 per share.