Form 4: Travis Knight Reports Transfer of Nike Shares from Grantor Retained Annuity Trust

Travis Knight, a director at Nike, reports the transfer of 3,180,141 Class B Common Stock shares from a grantor retained annuity trust to himself on October 29, 2024.

Summary

• Travis Knight, a director of Nike, filed a Form 4 on October 31, 2024, reporting a transaction that occurred on October 29, 2024.
• The transaction involved the transfer of 3,180,141 shares of Nike Class B Common Stock from a grantor retained annuity trust (GRAT) to Knight.
• This transfer was made to satisfy the trust's annuity obligation, with Knight being the sole trustee and annuitant of the trust.
• Following the transaction, Knight directly owns 4,836,462 shares and indirectly owns 1,694,859 shares through the GRAT.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a transfer of shares, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the ownership structure of Nike shares.

Key Dates