Nike's Chief Legal Officer Sells 3,646 Shares as the Stock Falls to a 52-Week Low

Nike's Chief Legal Officer Robert Leinwand sold 3,646 shares worth approximately $137,053 on September 9, 2026, as part of a pre-established Rule 10b5-1 trading plan. The sale occurred amid Nike's significant struggles, including a 49% stock decline over the past year, driven by an 11% sales drop in China, flat full-year results, and removal from the S&P 100. Despite the sale, Leinwand maintains a substantial equity position of 89,265 shares, demonstrating continued alignment with shareholder interests.