Nike Chief Legal Officer Sells Shares Amid Stock Decline
Robert Leinwand, Nike's Chief Legal Officer (NKE), sold 3,646 shares of Class B Common Stock on September 9, 2026. The transaction was part of a pre-established Rule 10b5-1 trading plan and occurred as the stock fell to a 52-week low. Leinwand still holds over 87,000 directly owned shares with an approximate market value of $3.27 million. Nike's share price has declined by nearly 49% in the past year amid business challenges such as falling sales in China and broader industry headwinds affecting the sneaker sector. The company reported flat full-year results for fiscal 2026, despite growth in other regions. Its removal from the S&P 100 index has also contributed to investor concerns. Despite these issues, Nike remains a major player with $46.4 billion in trailing revenue and a market cap of over $54 billion.
Tickers: $NKE
Topics: insider trading NIKE Inc. Rule 10b5-1 plan