=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-04-02
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: NIKE, Inc. (NKE)
CIK: 0000320187
--- Reporting Owner ---
Name: Knight Travis A
CIK: 0001646571
Role: Director
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class B Common Stock
Date: 2026-04-02 | Code: J (Other acquisition/disposition)
Shares: -2,300,480
Shares Owned After: 4,694,859 | Ownership: I (Indirect) | Nature: by Partnership
Footnotes:
[F1] 2,300,480 is the number of shares of Class B Common Stock attributable to a 49% limited partnership interest in Three Strings Investors, L.P. ("Three Strings") as of April 2, 2026, the date of the transaction described in footnotes (2) and (3) below in which the reporting person sold a 49% limited partnership interest in Three Strings.
[F2] These shares are owned by Three Strings, for which the reporting person has the right to remove and replace the sole general partner. Prior to April 2, 2026 (the "Transaction Date"), the reporting person owned, directly or indirectly, 100% of the economic interests in Three Strings. On the Transaction Date, the reporting person sold a 49% limited partnership interest in Three Strings to The Travis A. Knight 2012 Irrevocable Children's Trust u/a/d 12/13/2012 (the "Children's Trust"), a trust for the benefit of the reporting person's children and for which the reporting person is the sole trustee. The purchase price for this 49% limited partnership interest in Three Strings was $288,317,000 (cont. in footnote (3)).
[F3] Due to a 1000 character limit, footnote (3) is a continuation of footnote (2): The shares represent a minority of the value of all assets held by Three Strings as of the Transaction Date, and in determining the purchase price for the limited partnership interest, the average of the high and low prices of the Class B Common Stock of the issuer on the Transaction Date was used to value the shares of Class B Common Stock attributable to the 49% limited partnership interest. Also on the Transaction Date, the reporting person assigned his remaining interest in Three Strings to The Travis A. Knight Revocable Trust u/a/d 12/13/2013, a revocable trust for which the reporting person is the grantor, trustee, and beneficiary. The reporting person disclaims beneficial ownership of the issuer's common stock held by Three Strings except to the extent of his pecuniary interest therein.
[F2] These shares are owned by Three Strings, for which the reporting person has the right to remove and replace the sole general partner. Prior to April 2, 2026 (the "Transaction Date"), the reporting person owned, directly or indirectly, 100% of the economic interests in Three Strings. On the Transaction Date, the reporting person sold a 49% limited partnership interest in Three Strings to The Travis A. Knight 2012 Irrevocable Children's Trust u/a/d 12/13/2012 (the "Children's Trust"), a trust for the benefit of the reporting person's children and for which the reporting person is the sole trustee. The purchase price for this 49% limited partnership interest in Three Strings was $288,317,000 (cont. in footnote (3)).
[F3] Due to a 1000 character limit, footnote (3) is a continuation of footnote (2): The shares represent a minority of the value of all assets held by Three Strings as of the Transaction Date, and in determining the purchase price for the limited partnership interest, the average of the high and low prices of the Class B Common Stock of the issuer on the Transaction Date was used to value the shares of Class B Common Stock attributable to the 49% limited partnership interest. Also on the Transaction Date, the reporting person assigned his remaining interest in Three Strings to The Travis A. Knight Revocable Trust u/a/d 12/13/2013, a revocable trust for which the reporting person is the grantor, trustee, and beneficiary. The reporting person disclaims beneficial ownership of the issuer's common stock held by Three Strings except to the extent of his pecuniary interest therein.
[F2] These shares are owned by Three Strings, for which the reporting person has the right to remove and replace the sole general partner. Prior to April 2, 2026 (the "Transaction Date"), the reporting person owned, directly or indirectly, 100% of the economic interests in Three Strings. On the Transaction Date, the reporting person sold a 49% limited partnership interest in Three Strings to The Travis A. Knight 2012 Irrevocable Children's Trust u/a/d 12/13/2012 (the "Children's Trust"), a trust for the benefit of the reporting person's children and for which the reporting person is the sole trustee. The purchase price for this 49% limited partnership interest in Three Strings was $288,317,000 (cont. in footnote (3)).
[F3] Due to a 1000 character limit, footnote (3) is a continuation of footnote (2): The shares represent a minority of the value of all assets held by Three Strings as of the Transaction Date, and in determining the purchase price for the limited partnership interest, the average of the high and low prices of the Class B Common Stock of the issuer on the Transaction Date was used to value the shares of Class B Common Stock attributable to the 49% limited partnership interest. Also on the Transaction Date, the reporting person assigned his remaining interest in Three Strings to The Travis A. Knight Revocable Trust u/a/d 12/13/2013, a revocable trust for which the reporting person is the grantor, trustee, and beneficiary. The reporting person disclaims beneficial ownership of the issuer's common stock held by Three Strings except to the extent of his pecuniary interest therein.
[Transaction #2]
Security: Class B Common Stock
Date: 2026-04-02 | Code: J (Other acquisition/disposition)
Shares: +2,300,480
Shares Owned After: 4,694,859 | Ownership: I (Indirect) | Nature: by Partnership
Footnotes:
[F1] 2,300,480 is the number of shares of Class B Common Stock attributable to a 49% limited partnership interest in Three Strings Investors, L.P. ("Three Strings") as of April 2, 2026, the date of the transaction described in footnotes (2) and (3) below in which the reporting person sold a 49% limited partnership interest in Three Strings.
[F2] These shares are owned by Three Strings, for which the reporting person has the right to remove and replace the sole general partner. Prior to April 2, 2026 (the "Transaction Date"), the reporting person owned, directly or indirectly, 100% of the economic interests in Three Strings. On the Transaction Date, the reporting person sold a 49% limited partnership interest in Three Strings to The Travis A. Knight 2012 Irrevocable Children's Trust u/a/d 12/13/2012 (the "Children's Trust"), a trust for the benefit of the reporting person's children and for which the reporting person is the sole trustee. The purchase price for this 49% limited partnership interest in Three Strings was $288,317,000 (cont. in footnote (3)).
[F3] Due to a 1000 character limit, footnote (3) is a continuation of footnote (2): The shares represent a minority of the value of all assets held by Three Strings as of the Transaction Date, and in determining the purchase price for the limited partnership interest, the average of the high and low prices of the Class B Common Stock of the issuer on the Transaction Date was used to value the shares of Class B Common Stock attributable to the 49% limited partnership interest. Also on the Transaction Date, the reporting person assigned his remaining interest in Three Strings to The Travis A. Knight Revocable Trust u/a/d 12/13/2013, a revocable trust for which the reporting person is the grantor, trustee, and beneficiary. The reporting person disclaims beneficial ownership of the issuer's common stock held by Three Strings except to the extent of his pecuniary interest therein.
[F2] These shares are owned by Three Strings, for which the reporting person has the right to remove and replace the sole general partner. Prior to April 2, 2026 (the "Transaction Date"), the reporting person owned, directly or indirectly, 100% of the economic interests in Three Strings. On the Transaction Date, the reporting person sold a 49% limited partnership interest in Three Strings to The Travis A. Knight 2012 Irrevocable Children's Trust u/a/d 12/13/2012 (the "Children's Trust"), a trust for the benefit of the reporting person's children and for which the reporting person is the sole trustee. The purchase price for this 49% limited partnership interest in Three Strings was $288,317,000 (cont. in footnote (3)).
[F3] Due to a 1000 character limit, footnote (3) is a continuation of footnote (2): The shares represent a minority of the value of all assets held by Three Strings as of the Transaction Date, and in determining the purchase price for the limited partnership interest, the average of the high and low prices of the Class B Common Stock of the issuer on the Transaction Date was used to value the shares of Class B Common Stock attributable to the 49% limited partnership interest. Also on the Transaction Date, the reporting person assigned his remaining interest in Three Strings to The Travis A. Knight Revocable Trust u/a/d 12/13/2013, a revocable trust for which the reporting person is the grantor, trustee, and beneficiary. The reporting person disclaims beneficial ownership of the issuer's common stock held by Three Strings except to the extent of his pecuniary interest therein.
[F2] These shares are owned by Three Strings, for which the reporting person has the right to remove and replace the sole general partner. Prior to April 2, 2026 (the "Transaction Date"), the reporting person owned, directly or indirectly, 100% of the economic interests in Three Strings. On the Transaction Date, the reporting person sold a 49% limited partnership interest in Three Strings to The Travis A. Knight 2012 Irrevocable Children's Trust u/a/d 12/13/2012 (the "Children's Trust"), a trust for the benefit of the reporting person's children and for which the reporting person is the sole trustee. The purchase price for this 49% limited partnership interest in Three Strings was $288,317,000 (cont. in footnote (3)).
[F3] Due to a 1000 character limit, footnote (3) is a continuation of footnote (2): The shares represent a minority of the value of all assets held by Three Strings as of the Transaction Date, and in determining the purchase price for the limited partnership interest, the average of the high and low prices of the Class B Common Stock of the issuer on the Transaction Date was used to value the shares of Class B Common Stock attributable to the 49% limited partnership interest. Also on the Transaction Date, the reporting person assigned his remaining interest in Three Strings to The Travis A. Knight Revocable Trust u/a/d 12/13/2013, a revocable trust for which the reporting person is the grantor, trustee, and beneficiary. The reporting person disclaims beneficial ownership of the issuer's common stock held by Three Strings except to the extent of his pecuniary interest therein.
--- Holdings ---
[Holding #1]
Security: Class B Common Stock
Ownership: D (Direct)
[Holding #2]
Security: Class B Common Stock
Ownership: I (Indirect)
--- Footnotes (Complete Index) ---
F1: 2,300,480 is the number of shares of Class B Common Stock attributable to a 49% limited partnership interest in Three Strings Investors, L.P. ("Three Strings") as of April 2, 2026, the date of the transaction described in footnotes (2) and (3) below in which the reporting person sold a 49% limited partnership interest in Three Strings.
F2: These shares are owned by Three Strings, for which the reporting person has the right to remove and replace the sole general partner. Prior to April 2, 2026 (the "Transaction Date"), the reporting person owned, directly or indirectly, 100% of the economic interests in Three Strings. On the Transaction Date, the reporting person sold a 49% limited partnership interest in Three Strings to The Travis A. Knight 2012 Irrevocable Children's Trust u/a/d 12/13/2012 (the "Children's Trust"), a trust for the benefit of the reporting person's children and for which the reporting person is the sole trustee. The purchase price for this 49% limited partnership interest in Three Strings was $288,317,000 (cont. in footnote (3)).
F3: Due to a 1000 character limit, footnote (3) is a continuation of footnote (2): The shares represent a minority of the value of all assets held by Three Strings as of the Transaction Date, and in determining the purchase price for the limited partnership interest, the average of the high and low prices of the Class B Common Stock of the issuer on the Transaction Date was used to value the shares of Class B Common Stock attributable to the 49% limited partnership interest. Also on the Transaction Date, the reporting person assigned his remaining interest in Three Strings to The Travis A. Knight Revocable Trust u/a/d 12/13/2013, a revocable trust for which the reporting person is the grantor, trustee, and beneficiary. The reporting person disclaims beneficial ownership of the issuer's common stock held by Three Strings except to the extent of his pecuniary interest therein.
--- Signature ---
/s/ /s/ Kelsey A. Baldwin, attorney-in-fact for Mr. Knight (2026-04-06)
