RAFF BERYL 4

What Happened

• Beryl Raff, a director of Academy Sports & Outdoors, was granted 3,384 restricted stock units (RSUs) on June 15, 2026. The grant is reported as a derivative award at $0.00 per unit (typical for RSU grants); each RSU converts to one share of common stock upon vesting.
• This is a compensation grant (not a purchase or sale). The RSUs vest 100% on the earliest of (i) the first anniversary of the grant (or the business day before the next annual meeting, if earlier), (ii) the reporting person’s death or disability, or (iii) a change in control.

Key Details

• Transaction date: 2026-06-15; Form 4 filed: 2026-06-16 (timely).
• Award: 3,384 RSUs; reported price per unit: $0.00 (derivative award).
• Vesting: 100% vests on the earliest of one-year anniversary (or day before next annual meeting), death/disability, or change in control (per footnotes).
• Shares owned after transaction: not specified in the filing.
• Footnotes: granted under the Company’s 2020 Omnibus Incentive Plan; each RSU equals one share upon vesting.
• No indication of sales, tax‑withholding shares, 10b5‑1 plan activity, or late filing noted.

Context

• RSU grants are routine compensation for directors and employees; they do not represent an immediate cash transaction and only convert to stock if/when vesting conditions are met.
• Because this is a grant (not a purchase), it should be viewed as compensation rather than a direct insider buy or sell signal.