NIKE Former Officer Plans $658K Share Sale in October 2026
NIKE, Inc. (NKE) former officer Matthew Friend has filed a Rule 144 notice proposing the sale of 19,572 Class B shares through Fidelity Brokerage Services LLC. The transaction, valued at approximately $658,266.26, is set to take place on October 5, 2026, on the NYSE. This notice also details three prior sales by Friend: 2,463 shares on August 5, 2026, 5,304 shares on September 9, 2026, and 12,658 shares on September 30, 2026.
Rule 144 is a U.S. securities regulation that outlines conditions for reselling restricted or insider-held shares. It includes requirements like holding periods, public information availability, and filing obligations. For investors, this regulation affects when previously locked-up shares can enter the market, potentially influencing supply, share price, and insider intent.
The notice further specifies that Friend acquired the shares through various means, including ESPP purchases and restricted stock vesting, with transactions dating back to March 31, 2020. The shares outstanding for NIKE, Inc. are listed as 1,203,921,077.