Director at Nike (NYSE: NKE) adds 25,000 Class B shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NIKE, Inc. director Timothy D. Cook bought 25,000 shares of Class B Common Stock in an open-market transaction. The weighted average purchase price was $42.43 per share, based on multiple trades between $42.42 and $42.44. Following this transaction, his direct holdings increased to 130,480 Class B shares.
Company policy allows officers and directors to trade only during a defined window after quarterly earnings releases or under approved Rule 10b5-1 trading plans, providing structure around when these market transactions can occur.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 25,000 shares ($1,060,750)
Net Buy
1 txn
Insider
COOK TIMOTHY D
Role
Director
Bought
25,000 shs ($1.06M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class B Common Stock | 25,000 | $42.43 | $1.06M |
Holdings After Transaction:
Class B Common Stock — 130,480 shares (Direct)
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 $42.42 to $42.44, 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 ranges set forth in the footnote (2) to this Form 4.
Key Figures
Shares purchased: 25,000 shares
Weighted average price: $42.43 per share
Price range: $42.42–$42.44 per share
+2 more
5 metrics
Shares purchased
25,000 shares
Open-market purchase of Class B Common Stock
Weighted average price
$42.43 per share
Average price across multiple trades
Price range
$42.42–$42.44 per share
Range of prices for individual trades
Shares owned after transaction
130,480 shares
Direct holdings following the purchase
Net buy shares
25,000 shares
Net change in non-derivative holdings
Key Terms
open-market purchase, weighted average price, 10b5-1 trading plans, Class B Common Stock, +1 more
5 terms
open-market purchase financial
"transaction_action: open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
10b5-1 trading plans financial
"except pursuant to approved 10b5-1 trading plans."
A 10b5-1 trading plan is a written, pre-set schedule that lets company insiders automatically buy or sell stock at specified times or prices, similar to setting up automatic bill payments. It matters to investors because it lowers the chance that executives are trading based on secret information and provides a clear record of planned trades, helping markets judge whether insider sales reflect business fundamentals or personal needs.
Class B Common Stock financial
"security_title: Class B Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
market transactions financial
"market transactions in Company stock by officers and directors"
FAQ
What did NIKE (NKE) director Timothy D. Cook do in this Form 4?
Timothy D. Cook reported an open-market purchase of 25,000 NIKE Class B Common Stock shares. The transaction increased his direct ownership to 130,480 shares, indicating a larger personal stake in the company’s equity through this single buying event.
What are Timothy D. Cook’s NIKE (NKE) holdings after this transaction?
After the reported purchase, Timothy D. Cook directly owns 130,480 shares of NIKE Class B Common Stock. This figure reflects his position immediately following the 25,000-share open-market transaction, as disclosed in the ownership column of the Form 4 data.
How does NIKE (NKE) control when directors can trade company stock?
NIKE’s policy permits market transactions by officers and directors only after the first full trading day following quarterly earnings releases. This trading window extends until the fourteenth day of the third month of the next fiscal quarter, unless trades occur under approved Rule 10b5-1 plans.
Were Timothy D. Cook’s NIKE (NKE) trades executed at a single price?
No, the filing notes that the reported price is a weighted average across multiple trades. Individual trade prices ranged between $42.42 and $42.44, and full trade-level price details are available upon request to NIKE, Inc. or the Securities and Exchange Commission staff.