The dollar amount is too small to be informative. Monitor next earnings for any guidance revision or demand commentary, but this cluster alone does not warrant a trading action.
Price Chart
Executive Summary
Two NIKE C-suite insiders (CFO and Chief Legal Officer) sold a combined $137K in open-market stock on August 5, 2026. The total is only ~0.0002% of NKE's $62.3B market cap — economically trivial. The sales coincide with tax-withholding events on August 3 for the same executives plus other officers, suggesting the open-market sales may be tied to post-vesting liquidity rather than a bearish signal. The historical calibration shows past NKE reports have underperformed (avg T+20 alpha -3.95%, 40% win rate), and the score-6/7 cells show negative net alpha, warranting a conservative score.
Key Financial Metrics
Key Facts
- CFO Matthew Friend sold 2,463 shares for ~$102K on Aug 5
- Chief Legal Officer Robert Leinwand sold 821 shares for ~$34K on Aug 5
- Total open-market sales of $137K represent ~0.0002% of NKE's $62.3B market cap
- Multiple executives also had tax-withholding share surrenders on Aug 3 (non-cash events)
- No insider purchases in the cluster window
Financial Impact
Total insider sales of $137K — immaterial relative to $62.3B market cap
Risk Factors
- Insider sales could accelerate if fundamentals deteriorate further
- Historical NKE reports show poor predictive accuracy (40% win rate at T+20)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NKE-1786169602673 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 25, 2026 7d ago | ANALYST-DOWNGRADE | — | awaiting T+5 | — | — |
Sep 22, 2026 10d ago | ANALYST-UPGRADE | $36.10 $35.84 | ▼ −0.72% | ▲ +0.28% | $35.15 (−2.63%) |
Sep 14, 2026 17d ago | ANALYST-DOWNGRADE | $37.05 $36.10 | ▲ +2.56% | ▲ +2.67% | $35.15 (+5.13%) |
Sep 10, 2026 21d ago | Insider Cluster | $36.80 $35.51 | ▼ −3.51% | ▼ −3.28% | $35.15 (−4.48%) |
Sep 9, 2026 23d ago | ANALYST-UPGRADE | $37.35 $35.78 | ▼ −4.20% | ▼ −3.55% | $35.15 (−5.89%) |
Aug 26, 2026 5w ago | ANALYST-DOWNGRADE | $38.59 $38.24 | ▲ +0.91% | ▲ +0.79% | $35.15 (+8.91%) |
Aug 11, 2026 7w ago | Insider Cluster | $41.32 $40.06 | ▼ −3.05% | ▼ −2.65% | $35.15 (−14.93%) |
Aug 10, 2026 7w ago | 8-K | $41.32 $40.06 | ▼ −3.05% | ▼ −2.65% | $35.15 (−14.93%) |
Aug 7, 2026 8w ago | Insider Cluster | $41.70 $40.73 | ▼ −2.33% | ▼ −2.72% | $35.15 (−15.71%) |
Aug 5, 2026 8w ago | Court Ruling | $42.44 $40.50 | ▲ +4.57% | ▲ +4.92% | $35.15 (+17.17%) |
US Market Status
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