{
  "id": 7080333,
  "title": "Nike COO Alagirisamy Venkatesh Sells 3,671 Shares",
  "url": "https://urgent.news/2026/09/12/nike-coo-alagirisamy-venkatesh-sells-3-671-shares-7080333",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-12T03:04:01.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/nike-coo-alagirisamy-venkatesh-sells-030401320.html"
  },
  "original_language": "en",
  "account": "Executive Vice President and Chief Operating Officer Alagirisamy Venkatesh of Nike (NYSE:NKE) disposed of 3,671 shares of Class B common stock on September 9, 2026, according to a recent SEC Form 4 filing. The transaction's total value was calculated using a weighted average sale price of $37.59 per share, while the post-transaction value was based on the market close price of $37.35 on the same day.\n\nThe sale was executed under a pre-approved Rule 10b5-1 trading plan Venkatesh established on February 12, 2026. Such plans allow executive insiders to schedule transactions in advance, thereby reducing concerns about potential misuse of material non-public information. The shares were sold at a weighted average price of $37.59 each. As of the transaction date, Nike's one-year total return was in the red, declining by 49%.\n\nFollowing the sale, Venkatesh retains ownership of 104,861 shares of Class B common stock, representing a 0.007% ownership interest in the company based on the latest insider holding data. Nike is a global leader in athletic footwear, apparel, equipment, and accessories, with a vertically integrated business model combining product design, development, manufacturing, retail, and wholesale distribution across various age and gender segments.\n\nThe company reported $46.4 billion in TTM revenue for fiscal 2026, essentially flat compared to the prior year, and $3.1 billion in net income for the year, which represented a 3% decline. Despite recent market headwinds reflected in a 49.25% one-year share price decline, Nike's market capitalization stands at $54.5 billion, making it a cornerstone holding within the consumer discretionary sector.\n\nWhile the Nike stock price has struggled, losing 50% over the past 12 months, Venkatesh's continued ownership of nearly 105,000 shares suggests his ongoing alignment with the company's long-term prospects. However, despite Nike's challenges, the insider still holds a significant stake in the company.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Motley Fool",
        "title": "Nike COO Alagirisamy Venkatesh Sells 3,671 Shares",
        "url": "https://urgent.news/2026/09/12/nike-coo-alagirisamy-venkatesh-sells-3-671-shares",
        "published": "2026-09-12T02:44:01.000Z"
      },
      {
        "outlet": "Nasdaq Markets",
        "title": "Nike COO Alagirisamy Venkatesh Sells 3,671 Shares",
        "url": "https://urgent.news/2026/09/12/nike-coo-alagirisamy-venkatesh-sells-3-671-shares-6853357",
        "published": "2026-09-12T03:04:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}