Nike COO Sells Shares Under Pre-Set Trading Plan
Alagirisamy Venkatesh, Nike's Chief Operating Officer (NKE), sold 3,671 shares of Class B common stock on September 9, 2026. The transaction was conducted under a Rule 10b5-1 trading plan established in February 2026 to avoid concerns about insider trading. The sale generated $138,012 at an average price of $37.59 per share. Nike's stock has faced significant pressure over the past year with a total return loss of nearly 49%. Despite this decline, Venkatesh still holds 104,861 shares directly valued at approximately $3.9 million as of September 9, representing less than 0.01% ownership in the company. Nike reported TTM revenue of $46.4 billion and a net income of $3.1 billion for fiscal year 2026. While its stock price has declined sharply over the past year, Nike remains one of the largest companies in the consumer discretionary sector with a market capitalization exceeding $54 billion.
Tickers: $NKE
Topics: executive sale Nike Rule 10b5-1 trading plan stock ownership