ASO director exercises 9,665 RSUs, updates holdings

Academy Sports & Outdoors director Ken C. Hicks exercised restricted stock units into common shares and had a portion withheld for taxes.

Accepted by SEC EDGAR 03/23/2026 - 06:09 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Academy Sports & Outdoors director Ken C. Hicks exercised restricted stock units into common shares and had a portion withheld for taxes. On this date, 9,665 restricted stock units converted into 9,665 shares of common stock, granted under the company’s 2020 Omnibus Incentive Plan. Of these shares, 3,116 were withheld at a price of $51.98 per share to cover tax obligations, which is a non-market disposition. After these transactions, Hicks directly owns 460,876 shares of Academy Sports & Outdoors common stock.

Insider Trade Summary

9,665 shares exercised/converted

Exercise 3 txns

Insider HICKS KEN C

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	9,665	$0.00	$0.00
Exercise	Common Stock	9,665	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	3,116	$51.98	$162K

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 460,876 shares (Direct)

Holdings Before and After: Restricted Stock Units, 9,665 to 0 contracts (Direct); Common Stock, 454,327 to 460,876 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.
3. F3. On March 21, 2023, subject to the Reporting Person's continued service, the Reporting Person was granted 28,993 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Ken C. Hicks report for ASO?

Ken C. Hicks reported exercising 9,665 restricted stock units into common shares. A portion of these shares was then withheld to cover tax obligations, leaving him with 460,876 directly owned Academy Sports & Outdoors shares.

How many ASO shares did Ken C. Hicks acquire and retain in this Form 4?

Hicks acquired 9,665 Academy Sports & Outdoors common shares through RSU conversion. After 3,116 shares were withheld for taxes, he directly holds 460,876 shares, reflecting a net increase from this compensation-related transaction rather than an open-market purchase.

Was there an open-market sale of ASO stock in Ken C. Hicks’ Form 4?

No open-market sale occurred; 3,116 shares were disposed of solely to satisfy tax obligations at $51.98 per share. This tax-withholding disposition is a standard mechanism and does not represent a discretionary sale into the market.

What plan governed the restricted stock units exercised by Ken C. Hicks at ASO?

The restricted stock units exercised by Ken C. Hicks were granted under Academy Sports & Outdoors’ 2020 Omnibus Incentive Plan. These RSUs convert into common stock on a one-for-one basis, vesting in three equal annual installments subject to his continued service.

How many ASO shares does Ken C. Hicks own after this Form 4 transaction?

Following the RSU conversion and tax-withholding disposition, Ken C. Hicks directly owns 460,876 Academy Sports & Outdoors common shares. This total reflects his updated post-transaction holdings as reported in the Form 4 filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

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	03/23/2026		M		9,665	A	(1)	463,992	D
Common Stock	03/23/2026		F		3,116	D	$51.98	460,876	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)	03/23/2026		M			9,665	(3)	03/21/2033	Common Stock	9,665	$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.

3. On March 21, 2023, subject to the Reporting Person's continued service, the Reporting Person was granted 28,993 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	03/23/2026
	** 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)