Nike COO Alagirisamy Venkatesh Sells 3,671 Shares
The insider sold 3,671 shares but still retains 104,861 shares.
Alagirisamy Venkatesh, the Executive Vice President and Chief Operating Officer at Nike, disclosed the sale of 3,671 shares of Class B common stock on September 9, 2026, in an SEC Form 4 filing. The transaction yielded an average sale price of $37.59 per share, while the market value at the time of the trade was $37.35. Nike is a global leader in athletic footwear and apparel, boasting a diverse range of popular brands and a large scale of operations, which generated approximately $46.4 billion in TTM revenue.
The company's competitive strengths lie in its strong brand recognition, innovative products and materials, and a vast distribution network that includes direct-to-consumer digital platforms and wholesale partnerships. Despite facing market challenges, as evidenced by a 49.25% decline in its share price over the past year, Nike's market capitalization of $54.5 billion highlights its status as a key player in the consumer discretionary sector.
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