[Form 4] Nike, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Beazer Homes USA, Inc. (BZH) – Form 4 filing dated 08/04/2025

Senior Vice President, General Counsel & Corporate Secretary Michael A. Dunn reported an administrative share withholding related to the vesting of restricted stock. On 08/01/2025, 330 common shares were withheld at $21.70 per share (Transaction Code F) to satisfy tax obligations. Following the transaction, the executive’s direct holding stands at 11,294 shares.

The filing also restates ownership of 449 employee stock options (exercise price $21.95, granted 02/10/2025) that remain unexercised and will vest on 02/10/2027, contingent on continued employment and retention of previously purchased shares. No new option grants or open-market purchases/sales were disclosed.

The net effect is a minor reduction (-2.8%) in Mr. Dunn’s share count and does not signal a strategic change in insider sentiment. Form 4 is routine and carries no material impact on Beazer Homes’ fundamental outlook.

Insights

Equity Analyst

TL;DR: Routine tax-related share withholding; negligible impact on insider ownership and investor thesis.

This Form 4 reflects only 330 shares withheld for taxes—about 2.8% of Dunn’s holding. Transaction Code F signals no discretionary selling. Remaining 11.3k shares and 449 matched options preserve meaningful exposure. From a governance lens, the filing is administrative and does not alter supply-demand dynamics or insider sentiment. I classify the event as neutral.

Corporate Governance Specialist

TL;DR: Compliance event; confirms ongoing alignment via unexercised options.

The disclosure satisfies Section 16 requirements and reiterates the 2018 option-matching program’s retention conditions. No red flags: vesting schedule incentivizes tenure and share retention through 2027. The minor share reduction is standard for tax withholding. Impact on governance quality or market perception is immaterial.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Leinwand Robert

(Last) (First) (Middle)

ONE BOWERMAN DRIVE

(Street)

BEAVERTON OR 97005

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NIKE, Inc. [ NKE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP: Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class B Common Stock	08/01/2025		F(1)		827	D	$74.69	30,396.2318(2)	D
Class B Common Stock								1,464	I	by Retirement Plan(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld by the Company to satisfy tax withholding obligations upon vesting of RSUs; not an open market transaction.

2. Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan.

3. Shares held in account under the NIKE, Inc. 401(k) Savings and Profit Sharing Plan.

	/s/ Kelsey A. Baldwin, attorney-in-fact for Mr. Leinwand	08/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Beazer Homes (BZH) shares did the insider dispose of?

330 common shares were withheld to cover taxes on 08/01/2025.

What is Michael A. Dunn’s remaining share ownership after the transaction?

He directly owns 11,294 BZH shares following the withholding.

Were any new stock options granted in this Form 4?

No. The filing only restates 449 previously granted options (exercise price $21.95, grant 02/10/2025).

Does the filing indicate discretionary selling by the executive?

No. Transaction Code F denotes tax withholding, not an open-market sale.

When will the reported stock options vest?

The options will vest on 02/10/2027, subject to continued employment and share retention.