NKE Form 4: EVP McCartney disposes 3,162 Class B shares in market trades
Rhea-AI Filing Summary
Nike, Inc. (NKE) Form 4 shows an insider sale and continued holdings. Philip McCartney, an executive officer (EVP, Chief Innovation, Product & Design Officer), sold 3,162 shares of Class B common stock on 08/13/2025 at a weighted average price of $77.21, reducing his direct holding to 35,592 shares. The filing notes 1,787 Class B shares are held indirectly via the company's retirement plan and some shares include Employee Stock Purchase Plan acquisitions. The sale complied with company trading windows and was executed in multiple transactions at prices between $77.21 and $77.22.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider sale of 3,162 shares at ~$77 reflects routine, policy-compliant transactions rather than a disclosed material change.
The sale was executed within company-approved trading windows and is described as market transactions in multiple tranches at a narrow price range. The reporting person still retains a meaningful direct stake (35,592 shares) plus indirect 401(k) holdings, indicating continued ownership exposure. Without additional context on total insider holdings or transaction size relative to outstanding shares, this behavior appears routine and not demonstrably signal-bearing on corporate fundamentals.
TL;DR: Form 4 documents compliance with trading policies and discloses retirement-plan and ESPP holdings; no governance red flags in the filing.
The disclosure includes the required footnotes: policy timing, weighted-average pricing, ESPP and 401(k) accounts, and an attorney-in-fact signature. The clarity around price range and the offer to provide per-trade details supports regulatory transparency. There are no indications of rule 10b5-1 plan use for these transactions in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class B Common Stock | 3,162 | $77.21 | $244K |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.21 to $77.22, inclusive. The reporting person undertakes to provide NIKE, Inc., any security holder of NIKE, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote (2) to this Form 4. Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan. Shares held in account under the NIKE, Inc. 401(k) Savings and Profit Sharing Plan.