New York, NY – 2026-07-19

Signal Proxy Intelligence Recommends FOR on Shareholder Proposal at NIKE, Inc., Diverging From Board Recommendation

Independent research firm publishes item-by-item recommendations on all six ballot measures within 4 days of the company’s proxy filing. (Exceeds SPI’s standing 48-hour / T+2 commitment; the time stated above is the actual elapsed time to publication.)

NEW YORK, NY — Signal Proxy Intelligence, the independent proxy research division of Signal Law Group, today published its recommendations for the Sept. 8, 2026 annual meeting of NIKE, Inc.. SPI issued a recommendation on each of the six items on the ballot, published 4 days after the company’s definitive proxy statement was accepted on EDGAR.

Reviewing the ballot from the perspective of the common shareholder and using publicly available information only, SPI assigned the meeting a concern band of Elevated. The firm recommends FOR on the advisory vote on executive compensation, citing that approximately 94% of votes cast supported say-on-pay at the 2025 annual meeting.

On the election of directors, SPI recommends FOR the director nominees as presented on the ballot.

“This ballot included one item where our recommendation diverged from the board’s under our published framework. The meeting carries a concern band of Elevated, and the full rationale for each recommendation is documented in the report.”

— Hayden Smith, Head of Proxy Research

SPI will publish a separate post-meeting divergence report comparing its recommendations to those of the incumbent proxy advisors after the meeting results are available.

The complete item-by-item analysis, including the rationale for each recommendation, is available at https://www.signallawgroup.com/proxies/nike-inc-2026-09-08/.

Ballot Summary: Recommendation by Item

Item	Title	SPI Recommendation
1	To elect the 11 directors named in the accompanying proxy statement for the ensuing year.	FOR
2	To approve executive compensation by an advisory vote.	FOR
3	To ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm.	FOR
4	To approve the amendment of the NIKE, Inc. Employee Stock Purchase Plan to increase the number of authorized shares.	FOR
5	To consider a shareholder proposal regarding a report on discrimination in charitable support, as described in the accompanying proxy statement, if properly presented at the Annual Meeting.	AGAINST
6	To consider a shareholder proposal regarding environmental targets, as described in the accompanying proxy statement, if properly presented at the Annual Meeting.	FOR

About Signal Proxy Intelligence

SPI is the independent proxy research division of Signal Law Group, an independent research and investigations firm. SPI publishes FOR / AGAINST / WITHHOLD recommendations on every item of every covered proxy ballot within 48 hours of filing, analyzing each measure from the perspective of the common shareholder using publicly available information. SPI accepts no revenue from the companies it covers. Every SPI recommendation is timestamped at publication, fingerprinted, and reconciled against the company’s reported vote.

Media contact

Rochelle Welner
contact@signallawgroup.com

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SPI is an operating company of Signal Law Group, an independent research and investigations firm. SPI is not a law firm, does not provide legal advice, and is not an investment adviser. The recommendations and analysis in this release are independent research provided for informational purposes only. They do not constitute voting advice, investment advice, a recommendation to buy or sell securities, or a solicitation of any kind. Recipients should conduct their own independent analysis and consult their own advisors before making any voting or investment decision. SPI accepts no revenue from the companies it covers.