Foot Locker shareholders overwhelmingly elect stock consideration in DICK'S acquisition; 92.6% choose stock

FOOT LOCKER, INC.

Preliminary election: ~92.6% of Foot Locker shares elected stock, 1.2% cash, 6.2% no election (incl. 4.5% held by DICK'S).
Non-electing shareholders (except DICK'S) receive $24.00 cash per share; DICK's shares cancelled for no consideration.
Merger expected to close on September 8, 2025, subject to customary conditions.
Election deadline was August 29, 2025; final certified results expected shortly before close.

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