Nike's Chief Legal Officer Sells 3,646 Shares as the Stock Falls to a 52-Week Low
The athletic footwear giant reported a notable insider sale amid nearly a 50% decline in its stock price over the past year.
Overview
Robert Leinwand, Chief Legal Officer of NIKE, Inc. (NYSE:NKE), sold 3,646 shares of Class B Common Stock on September 9, 2026, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($37.59); post-transaction value based on September 09, 2026 market close ($37.35).
Details
NIKE, Inc. represents a global leader in athletic footwear and apparel with a diversified portfolio of iconic brands and substantial scale, generating $46.4 billion in trailing 12-month revenue. The company maintains competitive advantages through brand equity, innovation in product design and materials technology, and an extensive distribution network spanning direct-to-consumer digital channels and wholesale partnerships.
Source
Originally published at www.fool.com.