Form 4: NIKE Director Travis Knight Shifts Share Ownership

NIKE Director Travis A. Knight reported changes in beneficial ownership of Class B Common Stock, primarily involving transfers to a controlled partnership and distributions from a trust.

Summary

• Travis A. Knight, a Director of NIKE, Inc., filed a Form 4 detailing changes in his beneficial ownership of Class B Common Stock.
• On December 22, 2025, Knight contributed 1,694,859 shares of Class B Common Stock to Three Strings Investors, L.P., a partnership over which he exercises full management authority and owns 100% of the economic interests. This transaction changed the form of ownership from direct to indirect.
• These 1,694,859 shares were previously transferred to Knight on October 29, 2025, from a grantor retained annuity trust (GRAT) in final satisfaction of its annuity obligations.
• On December 31, 2025, the Travis A. Knight 2009 Irrevocable Trust II distributed 3,000,000 shares of Class B Common Stock to Knight, the beneficiary, for no consideration.
• Also on December 31, 2025, Knight contributed these 3,000,000 shares to Three Strings Investors, L.P. for no consideration, again changing the form of ownership from direct to indirect.
• Following these transactions, Knight's direct beneficial ownership of Class B Common Stock is 33,940 shares.
• Indirect beneficial ownership includes 4,694,859 shares held by Three Strings Investors, L.P. and 4,805,141 shares held by a GRAT.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions involving changes in the form of beneficial ownership (direct to indirect via a controlled partnership) and distributions from a trust. These are internal transfers and do not reflect open market buying or selling, thus indicating a neutral sentiment regarding the company's performance or outlook.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions and does not provide information relevant to broader industry trends or competitive analysis for the athletic apparel and footwear sector.

Related Party Transactions

• Travis A. Knight contributed 1,694,859 shares and later 3,000,000 shares of Class B Common Stock to Three Strings Investors, L.P., a partnership over which he has full management authority and 100% economic interest.
• Travis A. Knight received 3,000,000 shares of Class B Common Stock from the Travis A. Knight 2009 Irrevocable Trust II, of which he is the beneficiary.

Stakeholder Impact

• Shareholders: Minimal direct impact as the transactions represent internal restructuring of beneficial ownership by a director, not open market sales or purchases that would affect market liquidity or share price directly.
• Employees, Customers, Suppliers, Creditors: No discernible impact as the filing pertains solely to insider share ownership changes.

Key Dates

Keywords

NIKE, NKE, Form 4, insider transaction, beneficial ownership, Travis Knight, Class B Common Stock, Director