adidas AG: NNS Investments (Cyprus) Limited, Closure of existing short puts and opening of new short puts with longer maturity (roll) (closure in separate announcement); Opening: 87.000 Units, Strike EUR 169.97, Maturity 3. November 2026, Unit-Price EUR

adidas AG / DE000A1EWWW0

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

13.05.2026 / 11:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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1. Details of the person discharging managerial responsibilities / person closely associated

a) Name

Name and legal form:

NNS Investments (Cyprus) Limited

2. Reason for the notification

a) Position / status

Person closely associated with:
Title:
First name:	Nassef
Last name(s):	Sawiris
Position:	Member of the administrative or supervisory body

b) Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name

adidas AG

b) LEI

549300JSX0Z4CW0V5023 

4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code

Type:	Derivative
Description:	Derivative instruments linked to shares ISIN: DE000A1EWWW0

b) Nature of the transaction

Closure of existing short puts and opening of new short puts with longer maturity (roll) (closure in separate announcement); Opening: 87.000 Units, Strike EUR 169.97, Maturity 3. November 2026, Unit-Price EUR 30.43 / 87.000 Units, Strike EUR 184.37, Maturity 5. November 2026, Unit-Price EUR 42.09 / 87.000 Units, Strike EUR 184.40, Fälligkeit 9. November 2026, Unit-Preis EUR 42.82 / 87.000 Units, Strike EUR 167.88, Maturity 11. November 2026, Unit-Price EUR 28.87 / 87.000 Units, Strike EUR 176.39, Maturity 13. November 2026, Unit-Price EUR 35.56 / 87.000 Units, Strike EUR 174.52, Maturity 17. November 2026, Unit-Price EUR 33.18 / 87.000 Units, Strike EUR 179.25, Maturity 19. November 2026, Unit-Price EUR 38.54

c) Price(s) and volume(s)

Price(s)	Volume(s)
30.4300 EUR	2,647,410.00 EUR
42.0900 EUR	3,661,830.00 EUR
42.8200 EUR	3,725,340.00 EUR
28.8700 EUR	2,511,690.00 EUR
35.5600 EUR	3,093,720.00 EUR
33.1800 EUR	2,886,660.00 EUR
38.5400 EUR	3,352,980.00 EUR

d) Aggregated information

Price	Aggregated volume
35.9271 EUR	21,879,630.0000 EUR

e) Date of the transaction

11/05/2026; UTC+2

f) Place of the transaction

Outside a trading venue

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13.05.2026 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
View original content: EQS News

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Language:	English
Company:	adidas AG
	Adi-Dassler-Straße 1
	91074 Herzogenaurach
	Germany
Internet:	www.adidas-group.com

End of News	EQS News Service

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104828  13.05.2026 CET/CEST