Nike Chief Legal Officer Robert Leinwand sold 9,065 shares at $62.33, retaining 61,662 shares post-transaction.
Robert Leinwand, serving as EVP and Chief Legal Officer, sold 9,065 shares of Nike on 2026-02-12 at $62.33, reducing his position by 12.8% from 70,727 shares to 61,662 shares. The sale occurred as Nike's stock trades at $63.13, down 22.8% from its 52-week high of $81.72, and the company faces headwinds with annual revenue declining 9.8% year-over-year despite a market capitalization of $53.0B. The timing of this sale—while the stock is near recent lows and the company is in contraction—alongside Leinwand's substantial remaining position of 61,662 shares provides limited signal about confidence in the company's near-term direction without additional context on whether this transaction was discretionary or part of a structured plan.