[Form 4] Nike, Inc. Insider Trading Activity

Rhea-AI Filing Summary

On 31 Jul 2025, Corteva Inc. (CTVA) director Nayaki R. Nayyar acquired 450.5754 common-stock units at a reference price of $72.13 through the company’s Stock Accumulation and Deferred Compensation Plan for Directors. The transaction, coded “A,” reflects a deferral of board fees rather than an open-market buy. After including 72.7656 shares gained via dividend reinvestment, the director’s total beneficial ownership rises to 32,279.0821 shares. No dispositions or derivative securities were reported, and ownership remains direct.

Positive

• Director increased beneficial ownership by 450.6 shares, reinforcing insider alignment.
• Total holdings now at 32,279 shares indicates a meaningful personal stake on the board.

Negative

• Acquisition stems from automatic compensation deferral, not discretionary open-market buying, weakening the bullish signal.
• Dollar value (~$32k) is negligible relative to Corteva’s size, so market impact is minimal.

Insights

Financial Analyst

TL;DR: Small, plan-based insider acquisition—signal is modest and neutral for valuation.

The purchase increases the director’s stake by only 1.4 % and is tied to automatic fee deferral, limiting its informational value. Still, continued share accumulation maintains alignment between the board and investors. Given Corteva’s multibillion-dollar market cap, the $32 k transaction is immaterial and unlikely to affect trading dynamics.

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^*

Montagne Amy

(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)
	PRESIDENT, NIKE

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)		993	D	$74.69	18,473(2)	D
Class B Common Stock								1,065	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 Ms. Montagne	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

What did Corteva (CTVA) director Nayaki Nayyar acquire on 31 July 2025?

450.5754 common-stock units under the director deferred-compensation plan.

At what price were the Corteva stock units credited?

They were valued at $72.13 per share equivalent.

How many Corteva shares does the director now hold?

Total beneficial ownership stands at 32,279.0821 shares.

Was this an open-market purchase?

No. The shares were issued via automatic fee deferral, not bought on the market.

Did the Form 4 report any derivative securities or dispositions?

No derivative positions or share sales were disclosed.