[Form 4] NIKE, Inc. Insider Trading Activity

Rhea-AI Filing Summary

NIKE, Inc. insider Robert Leinwand reported a sale of 697 shares of Class B common stock on 10/02/2025 at a price of $75.1322 per share. After the reported transaction, Mr. Leinwand beneficially owns 44,158.2318 shares directly and an additional 1,464 shares indirectly through the company's 401(k) plan. The filing notes that some shares are held via the Employee Stock Purchase Plan and that market transactions are governed by company policy and 10b5-1 plans. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Leinwand on 10/03/2025.

Positive

• Substantial retained stake: reporting person still holds 44,158.2318 shares after the sale
• Retirement plan ownership: 1,464 shares held indirectly via NIKE's 401(k) plan, indicating continued long-term exposure
• ESPP participation: some shares include purchases under NIKE's Employee Stock Purchase Plan

Negative

• Insider sale disclosed: 697 shares sold on 10/02/2025 at $75.1322 per share
• Sale could reduce perceived insider conviction: an executed market sale (code S) removes a portion of the insider's direct holdings

Insights

Insider Transactions Analyst

Insider sold 697 shares at $75.1322; sizable residual stake remains.

The filing shows a sale (S) of 697 Class B shares on 10/02/2025 and a remaining direct beneficial ownership of 44,158.2318 shares. This indicates ongoing exposure to the issuer despite the disposals.

The report also discloses 1,464 shares held indirectly in the company's 401(k) and inclusion of shares from the Employee Stock Purchase Plan, which can signal continued long-term alignment via retirement and ESPP holdings. The signature by an attorney-in-fact is noted and routine.

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)
10/02/2025

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	10/02/2025(1)		S		697	D	$75.1322	44,158.2318(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. Pursuant to Company policy, market transactions in Company stock by officers and directors are permitted only after the first full trading day after the release of quarterly earnings and ending on the fourteenth day of the third month of the following fiscal quarter, except pursuant to approved 10b5-1 trading plans.

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	10/03/2025
	** 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

What did NIKE insider Robert Leinwand report on Form 4 (NKE)?

He reported a sale of 697 Class B shares on 10/02/2025 at $75.1322 per share and retains 44,158.2318 shares beneficially.

How many shares does Robert Leinwand hold after the transaction?

After the reported sale, Mr. Leinwand beneficially owns 44,158.2318 shares directly and 1,464 shares indirectly through the 401(k) plan.

Was the transaction a purchase or a sale and what code was used?

The transaction was a sale, reported with transaction code S.

Are any of the shares held through company benefit plans?

Yes. The filing notes shares from NIKE's Employee Stock Purchase Plan and shares held under the NIKE 401(k) Savings and Profit Sharing Plan.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Kelsey A. Baldwin, attorney-in-fact for Mr. Leinwand, on 10/03/2025.