Former NIKE Officer Files Form 144 to Sell $658K in Class B Shares
NIKE, Inc.
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Filing Summary
# SEC Form 144 Notice: NIKE, Inc. ($NKE)
**Insider:** Matthew Friend (Former Officer)
**Proposed Sale:** 19,572 shares Class B (~$658,266.26)
**Approx. Sale Date:** October 5, 2026
**Broker:** Fidelity Brokerage Services LLC
**Significance:** Low (Former Officer divestment, minimal dilution impact)
Comprehensive Analysis
Transaction Overview
Matthew Friend, designated as a Former Officer of NIKE, Inc., filed a Form 144 on October 5, 2026, indicating an intention to sell 19,572 shares of Class B common stock through Fidelity Brokerage Services LLC. The proposed sale has an aggregate market value of approximately $658,266.26, translating to an estimated price of roughly $33.63 per share.
Historical Context & Acquisition
The shares proposed for sale were acquired across multiple tranches between March 2020 and September 2026 through a combination of Employee Stock Purchase Plan (ESPP) purchases and restricted stock vestings earned as compensation.
Over the preceding three months, the filer reported selling three separate blocks of shares:
- August 5, 2026: 2,463 shares for $102,460.80
- September 9, 2026: 5,304 shares for $199,377.36
- September 30, 2026: 12,658 shares for $453,915.88
Market Impact & Significance
Trading significance is evaluated as Low. The insider is a former officer liquidating accumulated equity compensation and ESPP shares. With 1,203,921,077 Class B shares outstanding, the proposed volume represents a negligible fraction of total equity and should have immaterial market impact.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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