COOK TIMOTHY D 4
Research Summary
AI-generated summary
NIKE Director Timothy D. Cook Buys 25,000 Shares
What Happened
Timothy D. Cook, a director of NIKE, Inc. (NKE), reported an open-market purchase of 25,000 shares on 2026-04-10 at a weighted average price of $42.43, for a total reported value of $1,060,750. This filing records a purchase (a net buy), which investors often view as a more informative/significant insider action than routine sales.
Key Details
- Transaction date: 2026-04-10; Weighted average price: $42.43; Total value: $1,060,750.
- Footnote F2 in the filing notes the underlying trades ranged $42.42–$42.44 and that the reporting person can provide a per-price breakdown on request.
- Footnote F1 notes company trading-window policy and that trading outside windows is only allowed under approved 10b5-1 plans; the filing does not state whether a 10b5-1 plan was used.
- Shares owned after the transaction: not stated in the provided filing excerpt.
- Filing date: 2026-04-14 — filed four days after the trade; this appears later than the typical two-business-day Form 4 filing requirement.
Context
Purchases by directors can be interpreted by some investors as a positive signal since insiders increasing holdings may reflect confidence, but filings are factual disclosures and do not state motivation. The filing’s footnotes emphasize the company’s trading-window policy and provide price-range detail; note the filing does not explicitly say this trade was under a 10b5-1 plan.
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