Phil Knight Gives Nonprofit 1.4M Shares of Nike’s Powerful Class A Stock

On the day after Christmas, Nike Inc. Chairman Phil Knight transferred 1.4 million of the company’s powerful Class A shares to a nonprofit foundation, according to a financial filing made public late Friday afternoon. The nonprofit wasn’t identified in the federal Securities & Exchange Commission filing, though it was described as a charitable foundation in which Knight, who is also Nike’s co-founder, is a trustee.

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