Form 4: Swoosh LLC Distributes 5M Nike Class A Shares

Swoosh, LLC, a 10% owner and director of NIKE, Inc., reported a private pro rata distribution of 5 million Class A Common Convertible shares to its members.

Summary

• Swoosh, LLC, identified as a Director and 10% Owner of NIKE, Inc. (NKE), reported a transaction on December 29, 2025.
• The transaction involved a private pro rata distribution of 5,000,000 Class A Common Convertible shares to the members of Swoosh, LLC.
• Class A Common Stock is convertible at any time on a one-for-one basis into Class B Common Stock and has no expiration date.
• Following this reported transaction, Swoosh, LLC beneficially owns 221,750,000 Class A Common Convertible shares directly.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine insider transaction report (Form 4) detailing a distribution of shares by a significant owner, not an indicator of company performance or strategic shift.

Future Outlook

NA

Industry Context

This announcement is a routine insider transaction report and does not provide information directly related to broader industry trends or competitive landscape for NIKE, Inc.

Related Party Transactions

• A private pro rata distribution of 5,000,000 Class A Common Convertible shares by Swoosh, LLC to its members.

Stakeholder Impact

• Changes in the beneficial ownership structure for Swoosh, LLC's members due to a private pro rata distribution of 5,000,000 Class A Common Convertible shares.

Key Dates

Keywords

NIKE Inc, NKE, Swoosh LLC, Form 4, Insider Transaction, Beneficial Ownership, Class A Common Stock, Class B Common Stock, Equity Distribution