MARLEY BRIAN T 4

What Happened
Brian T. Marley, a director of Academy Sports & Outdoors (ASO), had 3,932 restricted stock units (RSUs) convert into 3,932 common shares on June 3, 2026. The Form 4 records the derivative conversion (transaction code M) and a same-day disposition of 3,932 shares reported at $0.00 (no cash proceeds reported). This transaction reflects settlement of an award (vesting/conversion), not an open‑market purchase or sale for cash.

Key Details

• Transaction date: 2026-06-03. Reported as conversion/exercise of derivative (code M).
• Shares converted: 3,932 RSUs → 3,932 common shares.
• Disposition reported: 3,932 shares at $0.00 (no cash proceeds shown).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: RSUs convert one-for-one to common stock (F1); granted under the 2020 Omnibus Incentive Plan (F2); these 3,932 time‑based RSUs were granted on June 13, 2025 and vested per the grant terms (F3).
• Filing timeliness: Filing and report date are the same (2026-06-03), indicating a timely report.

Context
The filing documents vesting/settlement of time‑based RSUs rather than a market purchase or sale. A same‑day disposition reported at $0.00 often reflects plan mechanics such as shares surrendered to satisfy tax withholding or administrative actions, but the Form 4 here does not specify the reason. Purchases by insiders tend to be more indicative of bullish sentiment; this entry primarily documents compensation settlement.