Academy Sports (ASO) President Samuel J. Johnson Sells Shares

What Happened
Samuel J. Johnson, President of Academy Sports & Outdoors (ASO), exercised options and sold common shares in transactions reported for Sept. 14–15, 2026. He exercised 25,580 shares at an exercise price of $26.99 (cost ~$690,404) and sold a total of 95,883 shares across multiple open-market transactions for aggregate proceeds of approximately $5,021,372. These sales occurred on Sept. 14 (25,580 shares at $53.95) and Sept. 15 (27,370 at $52.82; 9,123 at $51.85; 33,810 at $50.95). Overall this filing shows substantial insider sales; purchases were limited to the option exercise.

Key Details

• Transaction dates: Sept. 14–15, 2026; Filing date: Sept. 16, 2026 (appears timely).
• Option exercise: 25,580 shares acquired at $26.99 = $690,404.
• Sales (open market): total 95,883 shares for total proceeds of ~$5,021,372:
  • 9/14: 25,580 shares @ $53.95 = $1,380,041 (weighted avg; range $53.92–$54.03, per footnote)
  • 9/15: 27,370 shares @ $52.82 = $1,445,683 (weighted avg; range $52.36–$53.36)
  • 9/15: 9,123 shares @ $51.85 = $473,028 (weighted avg; range $51.35–$52.35)
  • 9/15: 33,810 shares @ $50.95 = $1,722,620 (weighted avg; range $50.41–$51.34)
• Shares owned after the transactions: not disclosed in the excerpt provided.
• Notable footnotes: transactions involve awards/options under the Company’s omnibus incentive plan (footnotes referencing Plan grants and a 2021 time‑based option grant). Several sale lines report weighted‑average price ranges (filing offers to provide per‑price breakdown on request).
• Filing timeliness: Reported Sept. 16 for trades on Sept. 14–15 — within the typical Form 4 reporting window (no late filing indicator in the provided excerpt).

Context

• The filing shows an option exercise combined with immediate (or near‑immediate) sales — a common pattern known as a cashless exercise or exercise-and-sell, where exercised shares (or previously held shares) are sold shortly after exercise.
• Sales by executives are routine and can be for tax, diversification or other personal reasons; they are not, by themselves, a definitive statement about company prospects.
• The filing includes multiple weighted-average sale prices; the filer offers to disclose per-price breakdowns on request, per SEC reporting notes.