Director Robert Holmes Swan buys $500,002 of NIKE, Inc. (NKE)

Robert Holmes Swan, director of NIKE, Inc., bought 11,781 shares on the open market on April 7, 2026 at an average of $42.44 a share, for a total of $500,002. The purchase was reported to the SEC on Form 4 on April 8, 2026.

It raised their holding by 27%, to 55,074 shares.

The purchase came after a fall: NIKE, Inc. stock was down 30.2% over the 13 weeks before.

3 other insiders also bought at least $10,000 of NKE within 30 days, which makes this a cluster buy.

In the 12 months up to this filing, NIKE, Inc. insiders reported 1 open-market purchase and 0 sales.

WallStPal Score: 66 out of 100, because of raised their holding by 27%; a large purchase; 3 other insiders also bought; the stock had fallen 30.2% in the 13 weeks before.

What happened next: after 1 month the stock was up 6.1% (2.8 points worse than the S&P 500); after 3 months the stock was up 3.9% (9.7 points worse than the S&P 500). Based on weekly prices from the week of the purchase.

Our read

The first open-market purchase by Robert Holmes Swan in our records, made after a 30.2% fall in 13 weeks, a setup where insider buying has historically mattered most. Insiders buy for many reasons and can be wrong; one purchase is a reason to look closer, not a reason to buy.

Source: SEC Form 4 filing ↗. This story was written automatically from the filing and weekly price data. Information, not investment advice.

Examples

Big insider purchases have made news before. In January 2016, with bank stocks falling, JPMorgan Chase CEO Jamie Dimon bought 500,000 JPMorgan shares, about $26 million of his own money, and the purchase was widely reported as a sign of confidence.

Explain it like I'm 13

Robert Holmes Swan helps run NIKE, Inc.. Spending $500,002 of their own money on the company's stock is like a coach buying a big stack of tickets to their own team's games: it suggests they think the team will do well. It is not a promise, and insiders can be wrong.

More: all NKE insider trades · Robert Holmes Swan's track record