NKE · NIKE, Inc.

Pursuant to Company policy, market transactions in Company stock by officers and directors are permitted only after the first full trading day after the release of quarterly earnings and ending on the fourteenth day of the third month of the following fiscal quarter, except pursuant to approved 10b5-1 trading plans.

The transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on October 24, 2025.

Shares withheld by the Company to satisfy tax withholding obligations upon vesting of RSUs; not an open market transaction.

Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan.

Shares withheld by the Company to satisfy tax withholding obligations upon vesting of RSUs; not an open market transaction.

Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan.

Pursuant to Company policy, market sales of Company stock by officers and directors are permitted only after the first full trading day after the public release of quarterly earnings and ending on the fourteenth day of the third month of the following fiscal quarter, except pursuant to approved 10b5-1 trading plans.

The transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on December 24, 2025.

The original Form 4 is being amended by this Form 4/A to report the weighted average price.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.265 to $42.300, inclusive. The reporting person undertakes to provide NIKE, Inc., any security holder of NIKE, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote (2) to this Form 4.

Pursuant to Company policy, market transactions in Company stock by officers and directors are permitted only after the first full trading day after the release of quarterly earnings and ending on the fourteenth day of the third month of the following fiscal quarter, except pursuant to approved 10b5-1 trading plans.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.42 to $42.44, inclusive. The reporting person undertakes to provide NIKE, Inc., any security holder of NIKE, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote (2) to this Form 4.

Pursuant to Company policy, market transactions in Company stock by officers and directors are permitted only after the first full trading day after the release of quarterly earnings and ending on the fourteenth day of the third month of the following fiscal quarter, except pursuant to approved 10b5-1 trading plans.

Pursuant to Company policy, market transactions in Company stock by officers and directors are permitted only after the first full trading day after the release of quarterly earnings and ending on the fourteenth day of the third month of the following fiscal quarter, except pursuant to approved 10b5-1 trading plans.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $42.435 to $42.44, inclusive. The reporting person undertakes to provide NIKE, Inc., any security holder of NIKE, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote (2) to this Form 4.

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.

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)).

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.

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.

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)).

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.

Pursuant to Company policy, market transactions in Company stock by officers and directors are permitted only after the first full trading day after the release of quarterly earnings and ending on the fourteenth day of the third month of the following fiscal quarter, except pursuant to approved 10b5-1 trading plans.

Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan.

Shares transferred to the reporting person's spouse for no consideration.

Shares held directly by spouse, Penelope P. Knight. The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

Shares transferred to the reporting person's spouse for no consideration.

Shares withheld by the Company to satisfy tax withholding obligations upon vesting of RSUs; not an open market transaction.

Shares withheld by the Company to satisfy tax withholding obligations upon vesting of RSUs; not an open market transaction.

Class A Common Stock is convertible at any time on a one-for-one basis into Class B Common Stock with no expiration date.

Class A Common Stock is convertible at any time on a one-for-one basis into Class B Common Stock with no expiration date.

On December 31, 2025, the Travis A. Knight 2009 Irrevocable Trust II, which is managed by an independent trustee, distributed the shares to the reporting person, the beneficiary of the trust, for no consideration.

On December 31, 2025, the reporting person contributed the shares to Three Strings for no consideration.

On December 31, 2025, the reporting person contributed the shares to Three Strings for no consideration.

These shares are held by Three Strings.

Pursuant to Company policy, market transactions in Company stock by officers and directors are permitted only after the first full trading day after the release of quarterly earnings and ending on the fourteenth day of the third month of the following fiscal quarter, except pursuant to approved 10b5-1 trading plans.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $61.09 to $61.10, inclusive. The reporting person undertakes to provide NIKE, Inc., any security holder of NIKE, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in the footnote (2) to this Form 4.

Class A Common Stock is convertible at any time on a one-for-one basis into Class B Common Stock with no expiration date.

Private pro rata distribution to members of Swoosh, LLC.

Class A Common Stock is convertible at any time on a one-for-one basis into Class B Common Stock with no expiration date.

On December 29, 2025, the reporting person acquired the shares as a result of a private pro rata distribution from Swoosh, LLC, a Delaware limited liability company.

Pursuant to Company policy, market transactions in Company stock by officers and directors are permitted only after the first full trading day after the release of quarterly earnings and ending on the fourteenth day of the third month of the following fiscal quarter, except pursuant to approved 10b5-1 trading plans.

On December 22, 2025, the reporting person contributed 1,694,859 shares to Three Strings Investors, L.P. ("Three Strings"), representing a change in form of beneficial ownership of those shares. The reporting person exercises full management authority over Three Strings and owns, directly or indirectly, 100 % of the economic interests in Three Strings.

The 1,694,859 shares contributed to Three Strings were transferred to the reporting person on October 29, 2025, from a grantor retained annuity trust formed by the reporting person, in final satisfaction of the trust's annuity obligations in a transaction that constituted a change in the form of beneficial ownership and was therefore exempted by Rule 16a-13 under the Securities Act of 1934. Such shares were owned directly by the reporting person prior to their contribution to Three Strings.

These shares are held by Three Strings.

Pursuant to Company policy, market transactions in Company stock by officers and directors are permitted only after the first full trading day after the release of quarterly earnings and ending on the fourteenth day of the third month of the following fiscal quarter, except pursuant to approved 10b5-1 trading plans.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $58.96 to $58.97, inclusive. The reporting person undertakes to provide NIKE, Inc., any security holder of NIKE, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in the footnote (2) to this Form 4.

Performance-Based Restricted Stock Units granted under the NIKE, Inc. Stock Incentive Plan which vest on the second anniversary of the date of the grant.

Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan.

Performance-Based Restricted Stock Units granted under the NIKE, Inc. Stock Incentive Plan which vest on the second anniversary of the date of the grant.

Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan.

Performance-Based Restricted Stock Units granted under the NIKE, Inc. Stock Incentive Plan which vest on the second anniversary of the date of the grant.

Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan.

Performance-Based Restricted Stock Units granted under the NIKE, Inc. Stock Incentive Plan which vest on the second anniversary of the date of the grant.

Stock Option granted on 12/10/2025 under the NIKE, Inc. Stock Incentive Plan and becomes exercisable with respect to 25% of the shares on each of the following dates: 09/01/2026, 09/01/2027, 09/01/2028, and 09/01/2029.

Performance-Based Restricted Stock Units granted under the NIKE, Inc. Stock Incentive Plan which vest on the second anniversary of the date of the grant.

Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan.

Performance-Based Restricted Stock Units granted under the NIKE, Inc. Stock Incentive Plan which vest on the second anniversary of the date of the grant.

Performance-Based Restricted Stock Units granted under the NIKE, Inc. Stock Incentive Plan which vest on the second anniversary of the date of the grant.

Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan.

Restricted Stock Units ("RSUs") granted under the NIKE, Inc. Stock Incentive Plan. 25% of the total number of RSUs granted shall vest on each of the following dates: 09/01/2026, 09/01/2027, 09/01/2028, and 09/01/2029.

Pursuant to Company policy, market sales of Company stock by officers and directors are permitted only after the first full trading day after the public release of quarterly earnings and ending on the fourteenth day of the third month of the following fiscal quarter, except pursuant to approved 10b5-1 trading plans.

The transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on November 7, 2024.

Pursuant to Company policy, market sales of Company stock by officers and directors are permitted only after the first full trading day after the public release of quarterly earnings and ending on the fourteenth day of the third month of the following fiscal quarter, except pursuant to approved 10b5-1 trading plans.

The transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on November 7, 2024.

Pursuant to Company policy, market transactions in Company stock by officers and directors are permitted only after the first full trading day after the release of quarterly earnings and ending on the fourteenth day of the third month of the following fiscal quarter, except pursuant to approved 10b5-1 trading plans.

Shares withheld by the Company to satisfy tax withholding obligations upon vesting of RSUs; not an open market transaction.

Pursuant to Company policy, market transactions in Company stock by officers and directors are permitted only after the first full trading day after the release of quarterly earnings and ending on the fourteenth day of the third month of the following fiscal quarter, except pursuant to approved 10b5-1 trading plans.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.27 to $71.275, inclusive. The reporting person undertakes to provide NIKE, Inc., any security holder of NIKE, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote (2) to this Form 4.

Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan.

Pursuant to Company policy, market transactions in Company stock by officers and directors are permitted only after the first full trading day after the release of quarterly earnings and ending on the fourteenth day of the third month of the following fiscal quarter, except pursuant to approved 10b5-1 trading plans.

Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan.

Restricted shares granted on 09/09/2025 under the NIKE, Inc. Stock Incentive Plan. The restrictions lapse with respect to 100% of the shares on the earlier of the date of the next annual meeting of shareholders, or the last day of the 12th full calendar month following the date of grant.

Restricted shares granted on 09/09/2025 under the NIKE, Inc. Stock Incentive Plan. The restrictions lapse with respect to 100% of the shares on the earlier of the date of the next annual meeting of shareholders, or the last day of the 12th full calendar month following the date of grant.

Restricted shares granted on 09/09/2025 under the NIKE, Inc. Stock Incentive Plan. The restrictions lapse with respect to 100% of the shares on the earlier of the date of the next annual meeting of shareholders, or the last day of the 12th full calendar month following the date of grant.

Restricted shares granted on 09/09/2025 under the NIKE, Inc. Stock Incentive Plan. The restrictions lapse with respect to 100% of the shares on the earlier of the date of the next annual meeting of shareholders, or the last day of the 12th full calendar month following the date of grant.

Restricted shares granted on 09/09/2025 under the NIKE, Inc. Stock Incentive Plan. The restrictions lapse with respect to 100% of the shares on the earlier of the date of the next annual meeting of shareholders, or the last day of the 12th full calendar month following the date of grant.

Restricted shares granted on 09/09/2025 under the NIKE, Inc. Stock Incentive Plan. The restrictions lapse with respect to 100% of the shares on the earlier of the date of the next annual meeting of shareholders, or the last day of the 12th full calendar month following the date of grant.

Restricted shares granted on 09/09/2025 under the NIKE, Inc. Stock Incentive Plan. The restrictions lapse with respect to 100% of the shares on the earlier of the date of the next annual meeting of shareholders, or the last day of the 12th full calendar month following the date of grant.

Restricted shares granted on 09/09/2025 under the NIKE, Inc. Stock Incentive Plan. The restrictions lapse with respect to 100% of the shares on the earlier of the date of the next annual meeting of shareholders, or the last day of the 12th full calendar month following the date of grant.

Restricted shares granted on 09/09/2025 under the NIKE, Inc. Stock Incentive Plan. The restrictions lapse with respect to 100% of the shares on the earlier of the date of the next annual meeting of shareholders, or the last day of the 12th full calendar month following the date of grant.