Matthew Friend - 01 Sep 2025 Form 4 Insider Report for NIKE, Inc. (NKE)

Role: EVP: CFO
Signature: /s/ Kelsey A. Baldwin, attorney-in-fact for Mr. Friend
Issuer symbol: NKE
Transactions as of: 01 Sep 2025
Net transactions value: -$97,099
Form type: 4
Filing time: 03 Sep 2025, 19:58:59 UTC
Previous filing: 04 Aug 2025
Next filing: 02 Oct 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Friend Matthew	EVP: CFO	ONE BOWERMAN DRIVE, BEAVERTON	/s/ Kelsey A. Baldwin, attorney-in-fact for Mr. Friend	03 Sep 2025	0001806799

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NKE	Class B Common Stock	Award	$0	+26,161	+89%	$0.000000	55,569	01 Sep 2025	Direct	F1
transaction	NKE	Class B Common Stock	Tax liability	$97,099	-1,255	-2.3%	$77.37	54,314	02 Sep 2025	Direct	F2, F3

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)	Award	$0	+84,890		$0.000000	84,890	01 Sep 2025	Class B Common Stock	84,890	$77.37	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Stock Units ("RSUs") granted under the NIKE, Inc. Stock Incentive Plan; 25% of the total number of RSUs granted vest on each of the first four anniversaries of the date of the grant.
F2	Shares withheld by the Company to satisfy tax withholding obligations upon vesting of RSUs; not an open market transaction.
F3	Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan.
F4	Stock Option granted under the NIKE, Inc. Stock Incentive Plan; it becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.