HICKS KEN C 4

What Happened Ken C. Hicks, a director of Academy Sports & Outdoors, had 9,665 restricted stock units (RSUs) convert into common shares on March 23, 2026. Of those 9,665 shares, 3,116 were withheld to satisfy tax withholding obligations at $51.98 per share, producing proceeds of $161,970. The RSUs converted on a one-for-one basis and there was no cash exercise price.

Key Details

• Transaction date: March 23, 2026.
• Conversion: 9,665 RSUs converted into 9,665 common shares (transaction code M).
• Tax withholding: 3,116 shares withheld/disposed to cover taxes at $51.98 each, total $161,970 (transaction code F).
• Net new shares received by Hicks: 9,665 - 3,116 = 6,549 shares added to his holdings.
• Grant/plan notes: RSUs granted under the Company’s 2020 Omnibus Incentive Plan (F2). These RSUs were part of a March 21, 2023 grant of 28,993 time-based RSUs that vest in three equal installments (F3); this appears to be one installment (F1).
• Timeliness: Filing covers transactions dated and reported for 2026-03-23 (no late-filing indication).

Context This was a routine vesting and conversion of RSUs (not an open-market purchase or voluntary sale). The withholding of shares to satisfy tax obligations is a common, administrative step and should not be interpreted as an active sell decision about the stock. Transaction codes: M indicates conversion/exercise of a derivative (here, RSUs converting to shares) and F indicates shares surrendered/withheld for taxes.