NKE Form 144: Robert Leinwand to Sell 697 Class B Shares ($52K)
Rhea-AI Filing Summary
NIKE, Inc. (NKE) Form 144 notice: An individual identified as Robert Leinwand filed a notice to sell 697 Class B shares through Fidelity Brokerage Services, with an aggregate market value of $52,367.14 and an approximate sale date of 10/02/2025. The filing states those 697 shares were acquired by restricted stock vesting on 09/02/2025 and paid for on the same date. The filing lists total Class B shares outstanding as 1,189,313,611. The filer disclosed two recent Class B sales in the past three months: 1,644 shares on 08/05/2025 for $123,152.04 and 1,019 shares on 09/05/2025 for $76,058.16. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.
Positive
- Filer provided required Rule 144 details including broker, acquisition date, and recent sales, supporting regulatory compliance
- Securities to be sold were acquired via restricted stock vesting, which typically reflects routine employee compensation settlement
Negative
- Insider executed multiple small sales in recent months (1,644 shares on 08/05/2025 and 1,019 shares on 09/05/2025), indicating ongoing disposals
Insights
TL;DR: Routine insider securities filing showing small-volume sales following restricted stock vesting; no material change to company fundamentals.
The Form 144 documents a proposed sale of 697 Class B shares valued at $52,367.14 and records two prior small sales in August and September 2025. The shares to be sold were acquired via restricted stock vesting on 09/02/2025, indicating these are likely routine post-vesting dispositions rather than opportunistic large unloads. Relative to the reported 1.189 billion Class B shares outstanding, these transactions are immaterial to market supply or capitalization. As filed, the notice is compliance-oriented and does not convey new company operational data.
TL;DR: Filing appears compliant with Rule 144 disclosure requirements and includes required seller representations.
The notice names the broker (Fidelity Brokerage Services) and provides acquisition details showing restricted stock vesting and contemporaneous payment. The inclusion of sales during the past three months and the standard attestation about material nonpublic information align with regulatory expectations. There is no indication of a Rule 10b5-1 trading plan stated on the form, and no material governance issues are disclosed. This is a standard insider reporting event from a compliance perspective.