Academy Sports & Outdoors, Inc. 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS The following table summarizes the repurchases and cancellations of shares of our common stock during the 2026 first quarter: Period Total Number of Shares Purchased (a) Average Price Paid per Share (b) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (c) Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (c) February 1, 2026 to February 28, 2026 441,341 $ 58.76 441,341 $ 410,639,664 March 1, 2026 to April 4, 2026 240,390 $ 59.32 240,390 $ 396,383,971 April 5, 2026 to May 2, 2026 1,021,300 $ 57.00 1,021,300 $ 338,183,309 Total 1,703,031 $ 57.79 1,703,031 $ 338,183,309 (a) The total number of shares repurchased excludes shares which were net-settled, and therefore not issued, to cover employee withholding related to the vesting of certain restricted stock awards and exercise of certain stock option awards. (b) Excludes the impact of unpaid excise taxes. (c) On December 4, 2024, the Company’s Board of Directors approved a new share repurchase program under which the Company is authorized to purchase up to $700 million of its outstanding shares during the three-year period ending December 4, 2027 (the “2024 Share Repurchase Program”), and which replaced the previously approved share repurchase program. As of May 2, 2026, approximately $338.2 million remained available for share repurchases pursuant to the 2024 Share Repurchase Program (see Note 2 to the accompanying financial statements). The 2024 Share Repurchase Program does not obligate the Company to acquire any particular number of common shares, and the program may be suspended, extended, modified or discontinued at any time. ITEM 3. DEFAULTS UPON SENIOR SECURITIES None. ITEM 4. MINE SAFETY DISCLOSURES Not Applicable.