Form 4: Travis Knight Reports Changes in Beneficial Ownership of NIKE, Inc. Stock

Travis Knight, a director at NIKE, Inc., reported the acquisition of restricted shares and a transfer of shares to a grantor retained annuity trust.

Summary

• On September 10, 2024, Travis Knight, a director of NIKE, Inc., reported changes in his beneficial ownership of the company's stock.
• He acquired 2,437 shares of Class B Common Stock at $0, granted under the NIKE, Inc. Stock Incentive Plan, with restrictions lapsing by the next annual meeting or the end of the 12th full calendar month following the grant date.
• Knight also reported the transfer of 4,875,000 shares of Class B Common Stock to a grantor retained annuity trust (GRAT) on July 18, 2023.
• Following these transactions, Knight directly owns 1,656,321 shares of Class B Common Stock and indirectly owns 4,875,000 shares through the GRAT.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting transactions. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to investors regarding the transactions of company executives and directors.

Stakeholder Impact

• The transactions reported may be of interest to shareholders as they provide insight into the actions of a key company director.

Key Dates