Mark G. Parker - Apr 6, 2023 Form 4 Insider Report for NIKE, Inc. (NKE)

Role
EXECUTIVE CHAIRMAN, Director
Signature
/s/ Kelsey A. Baldwin, attorney-in-fact for Mr. Parker
Stock symbol
NKE
Transactions as of
Apr 6, 2023
Transactions value $
-$9,633,250
Form type
4
Date filed
4/10/2023, 04:33 PM
Previous filing
Apr 4, 2023
Next filing
May 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NKE Class B Common Stock Gift $0 -21.1K -1.51% $0.00 1.38M Apr 6, 2023 Direct F2, F3, F4
transaction NKE Class B Common Stock Options Exercise $3.48M +110K +7.99% $31.68 1.49M Apr 6, 2023 Direct F2, F3
transaction NKE Class B Common Stock Sale -$13.1M -110K -7.4% $119.25 1.38M Apr 6, 2023 Direct F2, F3
holding NKE Class B Common Stock 37K Apr 6, 2023 by Retirement Plan F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NKE Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -110K -33.33% $0.00 220K Apr 6, 2023 Class B Common Stock 110K $31.68 Direct F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares held in account under the NIKE, Inc. 401(k) Savings and Profit Sharing Plan.
F2 Pursuant to Company policy, market transactions in Company stock by officers and directors are permitted only after the first full trading day after the public 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.
F3 The transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on January 11, 2023.
F4 The transaction is being disclosed within two business days pursuant to SEC rules. The disclosure is not voluntary, but is noted as such due to system limitations.
F5 Stock Option granted on 07/19/2013 and became exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.