McCabe Matthew M. 4

What Happened

• Matthew M. McCabe, EVP & Chief Marketing Officer of Academy Sports & Outdoors (ASO), converted restricted stock units (RSUs) into 6,512 shares of common stock on March 25–26, 2026. To satisfy tax withholding obligations, 2,563 shares were surrendered (1,311 shares on 3/25 at $53.54 = $70,191; 1,252 shares on 3/26 at $53.33 = $66,769), totaling $136,960. After withholding, McCabe received a net 3,949 shares. These transactions reflect RSU settlement (derivative conversion) with share withholding for taxes, not an open-market sale or purchase.

Key Details

• Transaction dates: March 25, 2026 and March 26, 2026.
• RSUs converted (M code): 3,331 shares (3/25) + 3,181 shares (3/26) = 6,512 shares converted.
• Tax withholding (F code / disposed): 1,311 shares @ $53.54 = $70,191; 1,252 shares @ $53.33 = $66,769; total withheld value = $136,960.
• Net shares retained after withholding: 3,949 shares.
• Footnotes: RSUs convert one-for-one into common stock, granted under the Company’s 2020 Omnibus Incentive Plan; referenced prior time‑based RSU grants (Mar 26, 2024 and Mar 25, 2025) with typical multi-year vesting schedules.
• Filing timeliness: Reported promptly (Period of Report 2026-03-25; filing date 2026-03-26).
• Transaction codes explained: M = exercise/conversion of derivative (RSU settlement); F = shares surrendered to satisfy tax withholding.

Context

• These transactions are a cashless-style settlement of RSUs: the award units were converted into shares and a portion was withheld to cover taxes. This is a common administrative step when equity awards vest and does not by itself signal a buy or sell decision in the open market.