Nike CEO Sells Over 9,000 Company Shares Amid a Declining Stock Price
The athletic apparel giant reported a notable insider sale as shares drop to a 52-week low.
Overview
Elliott Hill, President and Chief Executive Officer of NIKE, Inc. (NYSE:NKE), reported the disposition of 9,462 shares of Class B Common Stock on September 1, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($39.06); post-transaction value based on September 01, 2026 market close ($38.12).
Details
NIKE, Inc. represents a global leader in athletic footwear and apparel with a market cap of $56.5 billion, demonstrating substantial scale and market presence. The company leverages iconic brand equity, extensive distribution networks, and continuous product innovation to maintain competitive differentiation in the consumer cyclical sector.
Source
Originally published at www.fool.com.