Nike (NKE) director sells 49% LP stake tied to 2.3M Class B shares

NodeGuardian · 2026-04-12T15:56:52+00:00

Travis A. Knight restructured his NIKE holdings by selling a 49% interest in a partnership to a children's trust for $288 million. This estate planning move involved 2.3 million shares and assigned remaining interests to his revocable trust, disclaiming beneficial ownership.

NodeGuardian

2026-04-12 15:56:52

Abstract generation in progress

Nike director Travis A. Knight restructured his indirect holdings of NIKE Class B Common Stock, involving the sale of a 49% limited partnership interest in Three Strings Investors, L.P., which holds NIKE shares, to a children’s trust for $288,317,000. This transaction, tied to 2,300,480 shares, is an internal estate and ownership structuring move rather than a market trade. Knight’s remaining partnership interest was assigned to his revocable trust, and he disclaims beneficial ownership of shares held by Three Strings except for his pecuniary interest.

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