NIKE (NKE) EVP Robert Leinwand Sells 821 Shares

What Happened Robert Leinwand, EVP and Chief Legal Officer of NIKE, sold 821 shares of NIKE common stock in an open-market transaction on August 5, 2026. The shares traded at $41.60 each, for a total proceeds of approximately $34,154. This was a sale (not a purchase); such sales are often routine and do not by themselves indicate company outlook.

Key Details

• Transaction date and price: 2026-08-05 — 821 shares at $41.60 per share.
• Proceeds: ~ $34,154.
• Shares owned after transaction: not specified in the filing.
• Filing date: Form 4 filed Aug 7, 2026 (within the typical 2-business-day reporting window).
• Notable footnotes:
  • The sale was effected pursuant to a 10b5-1 trading plan adopted by Mr. Leinwand on Feb 5, 2026 (pre-arranged trading plan).
  • Company policy limits officer/director trades to specified windows, except for approved 10b5-1 plans.
  • Footnotes indicate other holdings may include shares from the Employee Stock Purchase Plan and NIKE 401(k) account, but no amounts were listed.

Context A 10b5-1 plan means the sale was executed under a pre-established arrangement, which helps officers trade while limiting concerns about trading on insider information. For retail investors, planned sales like this are generally viewed as routine liquidity events rather than direct signals about NIKE’s near-term prospects.