Leinwand Robert 4

What Happened Robert Leinwand, EVP and Chief Legal Officer of NIKE, sold 9,065 shares of NIKE common stock in an open-market sale on February 12, 2026. The shares were sold at $62.33 each for total gross proceeds of approximately $565,021. This was a sale (not a purchase or option exercise), which for many insiders is often routine portfolio management rather than a directional signal.

Key Details

• Transaction date: 2026-02-12 (filed 2026-02-13) — timely filing.
• Transaction type/code: Open-market sale (S).
• Shares sold: 9,065 at $62.33 per share; total ≈ $565,021.
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: Company trading-window policy referenced (post-earnings window rules); trades permitted under policy or pursuant to approved 10b5-1 plans.
  • F2: Reference to shares from the Employee Stock Purchase Plan.
  • F3: Reference to shares held in the NIKE 401(k) plan.
• No 10b5-1 plan or late-filing indication is reported in this Form 4.

Context Sales by executives can reflect routine diversification or tax/liquidity needs and do not, by themselves, indicate management’s view of the company’s prospects. This filing reports a straightforward open-market sale; there is no indication here of option exercise, gift, or tax withholding associated with this transaction.