---
title: "Nike Co-Founder Phil Knight Has Disposed of $3.1 Billion in NKE Stock Across 13,182 Transactions"
type: news
slug: knight-nke-3-billion-career-insider-sales
canonical_url: https://13finsight.com/news/knight-nke-3-billion-career-insider-sales
published_at: 2026-03-01T10:47:57.957Z
updated_at: 2026-03-01T10:48:34.153Z
author: Alex Rivera
author_title: Breaking News Editor
author_url: https://13finsight.com/authors/alex-rivera
word_count: 414
locale: en
source: 13F Insight
---

# Nike Co-Founder Phil Knight Has Disposed of $3.1 Billion in NKE Stock Across 13,182 Transactions

> Phil Knight's insider filing record spans 13,182 transactions since 2003 — the highest transaction count of any single insider in our database. Recent activity shows Class B to Class A conversions and gifts, not direct sales.

Phil Knight, co-founder and chairman emeritus of Nike (NKE), has filed 13,182 insider transactions since 2003 — the highest individual transaction count we track. His career dispositions total $3.1 billion, yet his recent filings tell a different story: no open-market sales since October 2020, with recent activity dominated by Class B to Class A share conversions and billion-dollar charitable gifts. The Numbers Metric Value Career Sell Value $3.1 billion Total Transactions 13,182 First Transaction Aug 15, 2003 Last Transaction Feb 2, 2026 Shares Remaining 27,479,487 Career Buy Value $0 Recent Activity Date Type Shares Price Est. Value Feb 2, 2026 Conversion 4,500,000 — — Feb 2, 2026 Conversion 4,500,000 — — Dec 29, 2025 Transfer 4,500,000 — — Jul 9, 2024 Transfer 3,600,000 — — Jan 13, 2023 Gift 5,000,000 — ~$625M Oct 2, 2020 Sell 800,000 $125.31 $100.2M Knight's most recent filing from February 2026 shows the conversion of 9 million Class B shares into Class A shares across two separate transactions. This follows a December 2025 transfer of 4.5 million shares and a massive 5-million-share gift in January 2023 worth approximately $625 million at the time. His last actual open-market sell was in October 2020: 800,000 shares at $125.31 for $100 million. He has not sold a single share on the open market in over five years. What It Means Despite the $3.1 billion career sell figure, Knight's 13,182 transactions are heavily skewed toward share class conversions, gifts, and transfers — not profit-taking. The majority of his filing volume comes from Nike's dual-class share structure, where Class B shares (10 votes each) convert to Class A (1 vote) upon transfer. Knight originally held a massive Class B stake that gave him majority voting control; the ongoing conversions suggest a gradual transition of his holdings into more liquid Class A shares, likely for estate planning and philanthropic purposes through the Knight Foundation. With 27.5 million shares remaining (worth approximately $2.2 billion at current NKE prices around $80), Knight still has one of the largest founder stakes in U.S. corporate history — though it's a far cry from the 100+ million shares he once controlled. What to Watch Whether Knight resumes open-market sales after a five-year hiatus, which would be a significant sentiment signal given NKE's decline from $175+ to ~$80 The pace of Class B-to-A conversions — accelerating conversions often precede larger dispositions or gifts Nike's turnaround efforts under CEO Elliott Hill and whether improving fundamentals prompt any change in Knight's filing pattern

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Source: 13F Insight — https://13finsight.com/news/knight-nke-3-billion-career-insider-sales
Author: Alex Rivera — https://13finsight.com/authors/alex-rivera
Last updated: 2026-03-01T10:48:34.153Z