Nike COO Sells Shares Under Pre-Set Trading Plan
Alagirisamy Venkatesh, Nike's Chief Operating Officer (COO), 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 and is not considered unusual or indicative of insider concern at this time. The sale generated $138,012 based on an average price per share of $37.59. Following the transaction, Venkatesh retained ownership of approximately 104,861 shares valued at around $3.9 million as of September 9 market close ($37.35/share). This represents a small stake in Nike (0.007%). Nike's stock has declined by nearly 50% over the past year despite reporting $46.4 billion in trailing twelve months revenue and $3.1 billion net income for fiscal 2026, which is flat or slightly down compared to prior periods.
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