Nike director buys 25,000 Class B shares
NIKE, Inc. director Timothy D. Cook bought 25,000 shares of Class B Common Stock in an open-market transaction.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class B Common Stock | 25,000 | $42.43 | $1.06M |
Footnotes (2)
- F1. 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.
- F2. 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
Key Terms
open-market purchase financial
weighted average price financial
10b5-1 trading plans financial
Class B Common Stock financial
market transactions financial
FAQ
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What did NIKE (NKE) director Timothy D. Cook do in this Form 4?
What are Timothy D. Cook’s NIKE (NKE) holdings after this transaction?
How does NIKE (NKE) control when directors can trade company stock?
Were Timothy D. Cook’s NIKE (NKE) trades executed at a single price?
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