Matthew Friend - Aug 3, 2023 Form 4 Insider Report for NIKE, Inc. (NKE)

Role
EVP: CFO
Signature
/s/ Kelsey A. Baldwin, attorney-in-fact for Mr. Friend
Stock symbol
NKE
Transactions as of
Aug 3, 2023
Transactions value $
-$593,315
Form type
4
Date filed
8/7/2023, 04:25 PM
Previous filing
Aug 3, 2023
Next filing
Oct 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NKE Class B Common Stock Sale -$593K -5.55K -11.63% $107.00 42.1K Aug 3, 2023 Direct F1, F2, F3
* 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 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.
F2 The transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on February 2, 2023.
F3 Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan.