NKE Form 4: Mark Parker Disposes 86,078 Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Mark G. Parker, Executive Chairman and Director of NIKE, Inc. (NKE), reported transactions dated 08/14/2025. The filing shows 86,078 shares sold at $75.93 and a separate 11,295-share transfer reported at $0. Following the reported transactions, the filing lists 744,988 shares held directly and 38,731 shares held indirectly in a NIKE 401(k) plan. The report states the sales were effected pursuant to a 10b5-1 trading plan adopted November 7, 2024, and includes a company policy note restricting market sales around earnings releases. The form was signed on behalf of Mr. Parker by an attorney-in-fact on 08/18/2025.
Positive
- Transactions were executed under a documented 10b5-1 trading plan, indicating pre-approved trading and reduced timing concerns
- Filing discloses remaining substantial direct ownership (744,988 shares) and indirect retirement-plan holdings (38,731 shares)
- Form 4 was timely and signed by an attorney-in-fact, reflecting procedural compliance
Negative
- Sale of 86,078 shares at $75.93 represents a notable insider disposition disclosed in the filing
- 11,295-share transfer reported at $0 is shown but the filing does not explain the nature of that transfer beyond the table
Insights
TL;DR: Routine disclosure of an insider sale under a 10b5-1 plan; ownership remains material.
The filing reports a planned sale of 86,078 shares at $75.93 under a 10b5-1 plan and an 11,295-share transfer reported at no cash consideration. Such sales under preset plans are commonly used for diversification or liquidity while avoiding timing concerns; the disclosure is consistent with compliance practices. After the transactions, the reporting person still holds a substantial direct stake (744,988 shares) plus retirement-plan holdings (38,731 shares), indicating continued material ownership.
TL;DR: Insider followed a documented trading plan and filed timely disclosure; governance controls appear to be observed.
The filing explicitly cites a 10b5-1 plan adopted November 7, 2024, and references company trading-window policy tied to earnings releases. The use of an attorney-in-fact to sign the Form 4 is noted. These elements show adherence to standard insider-trading governance and disclosure protocols. The filing does not disclose any departures, related-party transactions, or other governance issues.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 11,295 | $0.00 | -- |
| Sale | Class B Common Stock | 86,078 | $75.93 | $6.54M |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- Pursuant to Company policy, market sales of Company stock by officers and directors are permitted only after the first full trading day after the public 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 transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on November 7, 2024. Shares held in account under the NIKE, Inc. 401(k) Savings and Profit Sharing Plan.