NIKE director Travis Knight gets 2.85M-share transfer
NIKE director Travis A. Knight reports a restricted stock grant and large trust-related share transfers and indirect partnership holdings in Class B Common Stock.
Rhea-AI Filing Summary
NIKE, Inc. (NKE) director Travis A. Knight reported equity-related changes in his holdings of Class B Common Stock. On September 8, 2026, he received a grant of 5,047 restricted shares under the NIKE, Inc. Stock Incentive Plan, with restrictions lapsing in full at the earlier of the next annual shareholder meeting or 12 months after grant. On July 30, 2026, 2,850,717 shares were transferred from a grantor retained annuity trust to him in satisfaction of the trust’s annuity obligation, a transaction the footnotes state was exempt from Section 16 under Rule 16a-13. He also reports 1,954,424 shares remaining in that trust after the transfer and 4,694,859 shares held indirectly through Three Strings Investors, L.P., where he disclaims beneficial ownership except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,701,434 shares gifted
Gift
4 txns
Insider
Knight Travis A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock F2 | 5,047 | $0.00 | $0.00 |
| holding | Class B Common Stock F3 | -- | -- | -- |
| Gift | Class B Common Stock F1 | 2,850,717 | $0.00 | $0.00 |
| Gift | Class B Common Stock F1 | 2,850,717 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Common Stock — 1,954,424 shares (Indirect, by GRAT);
Class B Common Stock — 2,889,704 shares (Direct);
Class B Common Stock — 4,694,859 shares (Indirect, by Partnership)
Footnotes (3)
- F1. This voluntary filing reports a disbursement of 2,850,717 shares that were transferred on July 30, 2026, from a grantor retained annuity trust to the reporting person in satisfaction of the trust's annuity obligation. The reporting person is the sole trustee and sole annuitant of the trust. Such transfer was exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-13 thereunder.
- F2. Restricted shares granted on 09/08/2026 under the NIKE, Inc. Stock Incentive Plan. The restrictions lapse with respect to 100% of the shares on the earlier of the date of the next annual meeting of shareholders, or the last day of the 12th full calendar month following the date of grant.
- F3. These shares are owned by Three Strings Investors, L.P. ("Three Strings"). The reporting person owns a 51% limited partnership interest in Three Strings through The Travis A. Knight Revocable Trust u/a/d 12/13/2013, a revocable trust for which the reporting person is the grantor, trustee, and beneficiary. The remaining 49% is owned by The Travis A. Knight 2012 Irrevocable Children's Trust u/a/d 12/13/2012, an irrevocable trust for which the reporting person is grantor and trustee. The reporting person, in his capacity as trustee of both limited partners, also has the right to remove and replace the sole general partner of Three Strings. The reporting person disclaims beneficial ownership of the issuer's common stock held by Three Strings except to the extent of his pecuniary interest therein.
Key Figures
Restricted shares granted: 5,047 shares
GRAT transfer shares: 2,850,717 shares
Shares remaining in GRAT: 1,954,424 shares
+2 more
5 metrics
Restricted shares granted
5,047 shares
Grant of NIKE Class B Common Stock to Travis A. Knight on September 8, 2026
GRAT transfer shares
2,850,717 shares
Transferred from a grantor retained annuity trust to Travis A. Knight on July 30, 2026
Shares remaining in GRAT
1,954,424 shares
Indirectly owned Class B Common Stock after the July 30, 2026 transfer
Indirect partnership holdings
4,694,859 shares
Class B Common Stock owned by Three Strings Investors, L.P.
Reporting person’s limited partnership interest
51%
Limited partnership interest in Three Strings Investors, L.P. held through a revocable trust
Key Terms
grantor retained annuity trust, Restricted shares, Stock Incentive Plan, Section 16, +2 more
6 terms
grantor retained annuity trust financial
"were transferred on July 30, 2026, from a grantor retained annuity trust to the reporting person"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Stock Incentive Plan financial
"Restricted shares granted on 09/08/2026 under the NIKE, Inc. Stock Incentive Plan"
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
Section 16 regulatory
"Such transfer was exempt from Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Rule 16a-13 regulatory
"exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-13 thereunder"
pecuniary interest financial
"disclaims beneficial ownership of the issuer's common stock held by Three Strings except to the extent of his pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NIKE (NKE) director Travis A. Knight receive on September 8, 2026?
He received a grant of 5,047 restricted shares of NIKE Class B Common Stock under the NIKE, Inc. Stock Incentive Plan. The restrictions lapse on 100% of the shares at the earlier of the next annual shareholder meeting or 12 months after the grant date.
What indirect NIKE (NKE) holdings does Travis A. Knight report through Three Strings Investors, L.P.?
He reports 4,694,859 shares of NIKE Class B Common Stock owned by Three Strings Investors, L.P. He has interests and trustee roles in related trusts but disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.
Were Travis A. Knight’s reported NIKE (NKE) transactions made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as being under a plan, and the footnotes describe the major transfer as satisfying a trust annuity obligation and being exempt under Rule 16a-13, not as a plan trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
