DICK'S Sporting Goods CEO sells 20,083 shares

Rhea-AI Filing Summary

Lauren R. Hobart, President & CEO of DICK'S Sporting Goods, exercised stock options for 20,083 shares of common stock at an adjusted exercise price of $11.31 on September 29, 2025, then sold 20,083 shares in multiple transactions pursuant to a Rule 10b5-1 trading plan. After these trades, she directly holds 299,990 shares of common stock.

Insights

Financial Analyst

TL;DR: Insider exercised low-cost options and sold an equal number of shares at roughly $220–$228, reducing holdings by 20,083 shares.

The CEO converted stock options with an adjusted exercise price of $11.31 into 20,083 common shares and contemporaneously sold those 20,083 shares across multiple transactions at weighted-average prices between $219.50 and $227.90. The filing shows beneficial ownership declined from 320,073 to 299,990 shares. The use of a Rule 10b5-1 plan for at least part of the sales is explicitly disclosed. For investors, this is a liquidity event by the insider rather than an additional purchase signal; the transactions appear mechanically linked to option exercise and planned disposition.

Corporate Governance Expert

TL;DR: Transactions include exercised options and scheduled sales under a 10b5-1 plan; disclosures provide pricing ranges and option adjustments.

The Form 4 discloses an adjusted exercise price due to a prior special cash dividend, which is transparently explained. Multiple sale tranches are reported with weighted-average prices and an undertaking to provide per-tranche details on request. The filing identifies the reporting person as both President & CEO and a director and includes a clear Rule 10b5-1 attribution for 20,083 shares. Documentation and disclosure practices in the filing align with standard governance expectations for insider transactions.

Insider Trade Summary

Exercise and Sale: 20,083 shares ($4.20M approx. pre-tax spread)

Exercise and Sale 8 txns

Insider Hobart Lauren R

Role President & CEO

Sold 20,083 shs ($4.43M)

Approx. gross sale proceeds $4.43M

Approx. exercise cost $227K

Approx. pre-tax spread $4.20M

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	20,083	$0.00	$0.00
Exercise	Common Stock, par value $0.01 per share	20,083	$11.31	$227K
Sale	Common Stock, par value $0.01 per share	10,699	$219.98	$2.35M
Sale	Common Stock, par value $0.01 per share	7,364	$220.87	$1.63M
Sale	Common Stock, par value $0.01 per share	1,017	$221.69	$225K
Sale	Common Stock, par value $0.01 per share	200	$223.91	$45K
Sale	Common Stock, par value $0.01 per share	776	$226.40	$176K
Sale	Common Stock, par value $0.01 per share	27	$227.90	$6K

Holdings After Transaction: Stock Option (Right to Buy) — 20,083 contracts (Direct); Common Stock, par value $0.01 per share — 299,990 shares (Direct)

Footnotes (8)

1. F1. The exercise price shown has been adjusted from the grant date exercise price due to the special cash dividend paid by the Company on September 24, 2021, which was required by the Company's Amended and Restated 2012 Stock and Incentive Plan.
2. F2. Represents the weighted average price of multiple transactions ranging from $219.50 to $220.49. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the Company or any security holder of the Company.
3. F3. The reported sale of 20,083 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 1, 2025.
4. F4. Represents the weighted average price of multiple transactions ranging from $220.50 to $221.44. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the Company or any security holder of the Company.
5. F5. Represents the weighted average price of multiple transactions ranging from $221.54 to $221.86. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the Company or any security holder of the Company.
6. F6. Represents the weighted average price of multiple transactions ranging from $223.90 to $223.91. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the Company or any security holder of the Company.
7. F7. Represents the weighted average price of multiple transactions ranging from $226.12 to $226.74. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the Company or any security holder of the Company.
8. F8. The stock option award representing the right to purchase 160,666 shares of common stock vested in four equal annual installments beginning on March 22, 2021.

Key Figures

Options Exercised: 20,083 shares Exercise Price: $11.31 per share Shares Sold: 20,083 shares +3 more

6 metrics

Options Exercised 20,083 shares Stock options converted to common stock on September 29, 2025

Exercise Price $11.31 per share Adjusted option exercise price reflecting 2021 special cash dividend

Shares Sold 20,083 shares Total common shares sold in multiple transactions on September 29, 2025

Sale Price Example $219.98 per share Price for sale of 10,699 common shares reported in one transaction

Post-Transaction Holdings 299,990 shares Direct common stock holdings of Lauren R. Hobart after reported transactions

Original Option Grant Size 160,666 shares Stock option award vesting in four equal annual installments beginning March 22, 2021

Key Terms

Rule 10b5-1 trading plan, weighted average price, special cash dividend, Amended and Restated 2012 Stock and Incentive Plan

4 terms

Rule 10b5-1 trading plan regulatory

"The reported sale of 20,083 shares occurred automatically pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"Represents the weighted average price of multiple transactions ranging from $219.50 to $220.49"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

special cash dividend financial

"adjusted from the grant date exercise price due to the special cash dividend paid by the Company"

A special cash dividend is a one-time, extra cash payment a company gives to its shareholders in addition to its regular dividends, like a bonus check sent out when a business has more cash than usual. It matters to investors because it delivers immediate cash value, can signal that the company has strong short-term cash or limited opportunities to reinvest, and typically reduces the company’s cash reserves and may affect the stock price and tax treatment for recipients.

Amended and Restated 2012 Stock and Incentive Plan financial

"required by the Company's Amended and Restated 2012 Stock and Incentive Plan"

FAQ

What insider transaction did DKS CEO Lauren Hobart report?

Lauren Hobart reported exercising stock options for 20,083 shares of DICK'S Sporting Goods common stock at an adjusted exercise price of $11.31, then selling 20,083 shares in multiple transactions on September 29, 2025 under an automatic Rule 10b5-1 trading plan.

How many DKS shares did Lauren Hobart sell and at what prices?

She sold 20,083 shares of DICK'S Sporting Goods common stock in several transactions, including 10,699 shares at $219.98, 7,364 shares at $220.87, and smaller lots at weighted average prices within ranges from $219.50 to $221.86 per share on September 29, 2025.

How many DKS shares does Lauren Hobart hold after these transactions?

After the reported option exercise and share sales, Lauren Hobart directly holds 299,990 shares of DICK'S Sporting Goods common stock. This canonical post-transaction holding reflects her remaining ownership position as disclosed in the Form 4 for these transactions.

Why is the DKS option exercise price shown as $11.31 per share?

The exercise price of $11.31 per share reflects an adjustment from the original grant-date price following a special cash dividend paid by DICK'S Sporting Goods on September 24, 2021, as required under the company’s Amended and Restated 2012 Stock and Incentive Plan.

Was Lauren Hobart's DKS share sale under a Rule 10b5-1 plan?

Yes. The footnotes state the reported sale of 20,083 shares of DICK'S Sporting Goods common stock occurred automatically pursuant to a Rule 10b5-1 trading plan that Lauren Hobart adopted on July 1, 2025, indicating these transactions were pre-scheduled under that plan.

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

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Accepted by SEC EDGAR 10/01/2025 - 04:13 PM Learn about SEC filing dates

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).

1. Name and Address of Reporting Person^*

Hobart Lauren R

(Last) (First) (Middle)

345 COURT STREET

(Street)

CORAOPOLIS PA 15108

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DICK'S SPORTING GOODS, INC. [ DKS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/29/2025

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, par value $0.01 per share	09/29/2025		M		20,083	A	$11.31(1)	320,073	D
Common Stock, par value $0.01 per share	09/29/2025		S		10,699	D	$219.98(2)	309,374	D(3)
Common Stock, par value $0.01 per share	09/29/2025		S		7,364	D	$220.87(4)	302,010	D(3)
Common Stock, par value $0.01 per share	09/29/2025		S		1,017	D	$221.69(5)	300,993	D(3)
Common Stock, par value $0.01 per share	09/29/2025		S		200	D	$223.91(6)	300,793	D(3)
Common Stock, par value $0.01 per share	09/29/2025		S		776	D	$226.4(7)	300,017	D(3)
Common Stock, par value $0.01 per share	09/29/2025		S		27	D	$227.9	299,990	D(3)

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
Stock Option (Right to Buy)	$11.31(1)	09/29/2025		M			20,083	(8)	03/22/2027	Common Stock, par value $0.01 per share	20,083	$0	20,083	D

Explanation of Responses:

1. The exercise price shown has been adjusted from the grant date exercise price due to the special cash dividend paid by the Company on September 24, 2021, which was required by the Company's Amended and Restated 2012 Stock and Incentive Plan.

2. Represents the weighted average price of multiple transactions ranging from $219.50 to $220.49. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the Company or any security holder of the Company.

3. The reported sale of 20,083 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 1, 2025.

4. Represents the weighted average price of multiple transactions ranging from $220.50 to $221.44. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the Company or any security holder of the Company.

5. Represents the weighted average price of multiple transactions ranging from $221.54 to $221.86. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the Company or any security holder of the Company.

6. Represents the weighted average price of multiple transactions ranging from $223.90 to $223.91. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the Company or any security holder of the Company.

7. Represents the weighted average price of multiple transactions ranging from $226.12 to $226.74. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the Company or any security holder of the Company.

8. The stock option award representing the right to purchase 160,666 shares of common stock vested in four equal annual installments beginning on March 22, 2021.

Remarks:

Ex. 24 - Power of Attorney

	/s/ Alexandria M. Crist by Power of Attorney	10/01/2025
	** 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.