Institutional Ownership: State Street Holds 59.16M Nike Shares (5%)

Rhea-AI Filing Summary

State Street Corporation reports a substantial passive holding in Nike, Inc.'s common stock, beneficially owning 59,163,965 shares, which the filing states represents approximately 5% of the class. The report shows no sole voting or dispositive power and discloses shared voting power of 32,493,349 shares and shared dispositive power of 59,154,752 shares. The filing states these securities are held in the ordinary course of business and not for the purpose of changing or influencing control. Several State Street subsidiaries and advisory affiliates are identified as the entities through which these holdings are managed, indicating the position is held on behalf of clients or funds.

Positive

• Material institutional ownership: Beneficial ownership of 59,163,965 shares (5%) indicates significant institutional interest in NKE.
• Transparent structure: Filing identifies multiple State Street advisory and trust subsidiaries managing the position, showing clarity on stewardship.

Negative

• No sole voting or dispositive power: The filer reports 0 shares with sole voting or dispositive authority, limiting direct influence.
• Passive intent declared: The certification states holdings are not for the purpose of changing or influencing control, so no active governance engagement is signaled.

Insights

Financial Analyst

TL;DR: State Street holds a material passive 5% stake in Nike via advisory and trust subsidiaries, signaling sizable institutional ownership but no control intent.

The Schedule 13G shows an aggregate beneficial ownership of 59,163,965 shares (5%), with shared dispositive power of 59,154,752 and shared voting power of 32,493,349. This pattern is consistent with index, ETF, or advisory client positions rather than an activist stake because the filer disclaims intent to influence control and reports no sole voting or dispositive authority. For investors, this confirms large passive institutional exposure but does not imply strategic or governance changes.

Corporate Governance Expert

TL;DR: The filing is procedurally important but governance impact is neutral—State Street reports influence through shared, not sole, voting power.

The exhibit lists multiple State Street entities (investment advisers and bank/trust entities) managing the position, which aligns with fiduciary custody and advisory arrangements. The certification states holdings are in the ordinary course of business and not intended to change control. Because voting and dispositive powers are shared across client accounts and affiliates, this is unlikely to trigger governance activism or immediate board-level implications.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

NIKE INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

654106103

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 654106103

1

Names of Reporting Persons

STATE STREET CORPORATION

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MASSACHUSETTS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 32,493,349.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 59,154,752.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

59,163,965.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NIKE INC
(b)	Address of issuer's principal executive offices: ONE BOWERMAN DRIVE, BEAVERTON, OREGON, 97005-6453
Item 2.
(a)	Name of person filing: STATE STREET CORPORATION;
(b)	Address or principal business office or, if none, residence: ONE CONGRESS STREET, SUITE 1, BOSTON MA 02114, UNITED STATES
(c)	Citizenship: MA
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 654106103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 59163965.00
(b)	Percent of class: 5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 32,493,349
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 59,154,752
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. NOT APPLICABLE
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. SSGA FUNDS MANAGEMENT, INC. (IA);STATE STREET BANK AND TRUST COMPANY (BK);STATE STREET GLOBAL ADVISORS (JAPAN) CO., LTD. (IA);STATE STREET GLOBAL ADVISORS ASIA LIMITED (IA);STATE STREET GLOBAL ADVISORS EUROPE LIMITED (IA);STATE STREET GLOBAL ADVISORS LIMITED (IA);STATE STREET GLOBAL ADVISORS SINGAPORE LIMITED (IA);STATE STREET GLOBAL ADVISORS TRUST COMPANY (IA);STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED (IA);STATE STREET GLOBAL ADVISORS, LTD. (IA);
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. NOT APPLICABLE
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. NOT APPLICABLE

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

STATE STREET CORPORATION

Signature:	ELIZABETH SCHAEFER
Name/Title:	SENIOR VICE PRESIDENT, CHIEF ACCOUNTING OFFICER
Date:	08/08/2025

FAQ

How many Nike (NKE) shares does State Street report beneficially owning?

The filing reports 59,163,965 shares beneficially owned by State Street Corporation.

What percentage of Nike does State Street's reported stake represent?

The reported stake represents approximately 5% of the class of Nike common stock.

Does State Street have sole voting or dispositive power over these NKE shares?

No. The filing shows 0 shares with sole voting power and 0 with sole dispositive power; voting and dispositive powers are reported as shared.

How many shares does State Street report with shared voting and shared dispositive power?

The filing reports shared voting power of 32,493,349 shares and shared dispositive power of 59,154,752 shares.

Are State Street's holdings in NKE intended to influence control of the company?

According to the certification in the filing, the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Which State Street entities are identified as holding or managing the Nike position?

The filing lists entities including SSGA Funds Management, Inc.; State Street Bank and Trust Company; State Street Global Advisors affiliates across regions as the relevant subsidiaries and advisers.