NIKE, Inc. reported its fiscal 2026 annual update, covering the year ended May 31, 2026, with no specific insider purchase, sale, option exercise, merger, financing transaction, or other discrete securities transaction disclosed in the provided filing text. Instead, the document is a Form 10-K annual report describing NIKE’s business, operating structure, market exposure, supply chain, customer concentration, and outstanding common stock. As of July 8, 2026, NIKE reported 1,483,498,703 shares of common stock outstanding. The filing does not provide transaction codes, insider names, share sale or purchase prices, option-exercise details, vesting schedules, or post-transaction beneficial ownership changes, because it is not an insider-transaction filing such as a Form 4. It also does not disclose, in the text provided, a specific share repurchase, dividend action, equity issuance, or acquisition. Operationally, NIKE reaffirmed that its principal business remains the design, development, marketing and sale of athletic footwear, apparel, equipment, accessories and services. The company sells products under the NIKE, Jordan and Converse brands through NIKE Direct — including owned stores and digital platforms — and through wholesale accounts, distributors, licensees and sales representatives around the world. NIKE described itself as the world’s largest seller of athletic footwear and apparel. For fiscal 2026, NIKE said U.S. sales from the NIKE Brand and Converse represented about 44% of total revenue, up from 43% in fiscal 2025 and 42% in fiscal 2024. Non-U.S. sales accounted for about 56% of total revenue, compared with 57% in fiscal 2025 and 58% in fiscal 2024. The company said no single customer accounted for 10% or more of consolidated revenue during fiscal 2026, though its three largest U.S. customers represented about 29% of U.S. sales and its three largest non-U.S. customers represented about 16% of total non-U.S. sales. The filing also highlights NIKE’s manufacturing exposure. As of May 31, 2026, NIKE Brand footwear was produced by 15 contract manufacturers operating 95 finished-goods footwear factories in 11 countries. Vietnam, Indonesia and China accounted for about 52%, 27% and 16% of NIKE Brand footwear production, respectively. Four footwear contract manufacturers each produced more than 10% of footwear output and together accounted for about 60% of NIKE Brand footwear production. For apparel, NIKE reported 64 contract manufacturers operating 321 finished-goods apparel factories in 34 countries. Vietnam, Cambodia and China accounted for roughly 34%, 15% and 12% of NIKE Brand apparel production, respectively. Two apparel manufacturers each accounted for more than 10% of production, while the top six together represented about 54% of NIKE Brand apparel output. The company also said it had 205 strategic Tier 2 suppliers as of May 31, 2026. One notable continuing corporate relationship disclosed in the business section involves Sojitz Corporation of America, a large Japanese trading company. NIKE said Sojitz America has provided import-export financing services to the company since 1972 and is the sole owner of NIKE’s redeemable preferred stock. The filing does not describe a new issuance, redemption, conversion, or purchase of that preferred stock in the provided text. In short, the filing is an annual business and risk disclosure rather than a report of a recent insider or capital-markets transaction. Its importance lies in updating investors on NIKE’s global revenue mix, customer concentration, manufacturing dependencies, brand structure, and common-share count following the close of fiscal 2026.