HICKS KEN C 4

What Happened

• Ken C. Hicks, a director of Academy Sports & Outdoors (ASO), had 1,245 restricted stock units (RSUs/PRSUs) convert into common shares on January 30, 2026. To satisfy tax withholding, 402 of those shares were withheld at $55.36 per share for a withholding value of $22,255. Net shares received by Hicks were 843.
• The Form 4 reports the conversion/exercise of derivative awards (transaction code M) and a tax-withholding share surrender (code F). The filing shows a $0.00 disposal entry for the derivative conversion, which in these filings typically reflects the settlement/termination of the underlying award.

Key Details

• Transaction date: 2026-01-30.
• Conversion: 1,245 RSUs converted to 1,245 common shares (code M).
• Tax withholding: 402 shares withheld at $55.36 per share = $22,255 (code F).
• Net shares retained: 843 (1,245 converted − 402 withheld).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: RSUs convert 1-for-1 (F1); awards granted under the 2020 Omnibus Incentive Plan (F2); these were performance-based RSUs from a March 30, 2022 grant with partial vesting and potential additional vesting tied to stock-price conditions (F3).
• Filing timing: transactions and the report are dated the same day (2026-01-30) — no late filing indicated in the provided data.

Context

• This was not an open-market purchase or sale by Hicks; it was the routine conversion/vesting of equity awards with shares surrendered to cover tax obligations (a common practice that is effectively a cashless tax-withholding method).
• The PRSU footnote notes some of the original grant remains contingent on future certification of stock-price conditions (4,047 PRSUs may still vest if certified).
• The filing is factual and routine; it does not by itself indicate Hicks’ view on ASO’s stock.