Form 4: Philip Knight Reports Acquisition of Nike Shares via Pro Rata Distribution

Philip Knight, Chairman Emeritus of Nike, reports acquiring 3,600,000 shares of Class B Common Stock through a pro rata distribution from Swoosh, LLC.

Summary

• Philip Knight, Chairman Emeritus of Nike, filed a Form 4 with the SEC.
• The filing reports a transaction that occurred on July 9, 2024.
• Knight acquired 3,600,000 shares of Class B Common Stock.
• The acquisition was a result of a private pro rata distribution from Swoosh, LLC.
• Knight directly owns 8,335,687 shares of Class B Common Stock.
• Knight's spouse, Penelope P. Knight, directly owns 521,792 shares of Class B Common Stock.
• Knight disclaims beneficial ownership of the shares held by his spouse.

Sentiment

Score: 5

Explanation: This is a neutral filing reflecting a standard transaction. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction itself is unlikely to have a significant immediate impact on stakeholders.
• The filing provides transparency to shareholders regarding insider transactions.

Key Dates