adidas AG: NNS Investments (Cyprus) Limited, Closure of existing Long Calls, and opening of new calls with longer maturity (roll) (opening of new calls in separate announcement). Closure: (1) quantity: 100,000, unit price: 0.48; strike: 156.09, delivery date: 17-Sep-26, (2) quantity: 100,000, unit price: 0.27; strike: 163.74, delivery date: 23-Sep-26, (3) quantity: 100,000, unit price: 3.59; strike: 161.97, delivery date: 05-Nov-26, (4) quantity: 80,000, unit price: 5.95; strike: 155.64, delivery date: 09-Nov-26, (5) quantity: 80,000, unit price: 6.12; strike: 155.64, delivery date: 11-Nov-26, (6) quantity: 87,000, unit price: 4.85; strike: 159.76, delivery date: 12-Nov-26, (7) quantity: 100,000, unit price: 3.73; strike: 164.79, delivery date: 17-Nov-26, (8) quantity: 100,000, unit price: 4.61; strike: 161.72, delivery date: 18-Nov-26, (9) quantity: 80,000, unit price: 6.61; strike: 155.64, delivery date: 19-Nov-26, (10) quantity: 50,367, unit price: 6.78; strike: 155.64, delivery date: 23-Nov-26, (11) quantity: 100,000, unit price: 3.48; strike: 167.73, delivery date: 24-Nov-26, (12) quantity: 100,000, unit price: 4.95; strike: 161.97, delivery date: 25-Nov-26, (13) quantity: 100,000, unit price: 4.62; strike: 164.79, delivery date: 03-Dec-26, (14) quantity: 87,000, unit price: 3.96; strike: 168.02, delivery date: 08-Dec-26, (15) quantity: 87,000, unit price: 4.48; strike: 166.67, delivery date: 10-Dec-26, (16) quantity: 100,000, unit price: 6.10; strike: 160.97, delivery date: 11-Dec-26, (17) quantity: 87,000, unit price: 4.77; strike: 165.59, delivery date: 14-Dec-26, (18) quantity: 100,000, unit price: 6.22; strike: 160.97, delivery date: 15-Dec-26.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
11.09.2026 / 17:45 CET/CEST
The issuer is solely responsible for the content of this announcement.

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 Long Calls, and opening of new calls with longer maturity (roll) (opening of new calls in separate announcement). Closure: (1) quantity: 100,000, unit price: 0.48; strike: 156.09, delivery date: 17-Sep-26, (2) quantity: 100,000, unit price: 0.27; strike: 163.74, delivery date: 23-Sep-26, (3) quantity: 100,000, unit price: 3.59; strike: 161.97, delivery date: 05-Nov-26, (4) quantity: 80,000, unit price: 5.95; strike: 155.64, delivery date: 09-Nov-26, (5) quantity: 80,000, unit price: 6.12; strike: 155.64, delivery date: 11-Nov-26, (6) quantity: 87,000, unit price: 4.85; strike: 159.76, delivery date: 12-Nov-26, (7) quantity: 100,000, unit price: 3.73; strike: 164.79, delivery date: 17-Nov-26, (8) quantity: 100,000, unit price: 4.61; strike: 161.72, delivery date: 18-Nov-26, (9) quantity: 80,000, unit price: 6.61; strike: 155.64, delivery date: 19-Nov-26, (10) quantity: 50,367, unit price: 6.78; strike: 155.64, delivery date: 23-Nov-26, (11) quantity: 100,000, unit price: 3.48; strike: 167.73, delivery date: 24-Nov-26, (12) quantity: 100,000, unit price: 4.95; strike: 161.97, delivery date: 25-Nov-26, (13) quantity: 100,000, unit price: 4.62; strike: 164.79, delivery date: 03-Dec-26, (14) quantity: 87,000, unit price: 3.96; strike: 168.02, delivery date: 08-Dec-26, (15) quantity: 87,000, unit price: 4.48; strike: 166.67, delivery date: 10-Dec-26, (16) quantity: 100,000, unit price: 6.10; strike: 160.97, delivery date: 11-Dec-26, (17) quantity: 87,000, unit price: 4.77; strike: 165.59, delivery date: 14-Dec-26, (18) quantity: 100,000, unit price: 6.22; strike: 160.97, delivery date: 15-Dec-26.

c) Price(s) and volume(s)

Price(s)	Volume(s)
0.48 EUR	48,000.00 EUR
0.27 EUR	27,000.00 EUR
3.59 EUR	359,000.00 EUR
5.95 EUR	476,000.00 EUR
6.12 EUR	489,600.00 EUR
4.85 EUR	421,950.00 EUR
3.73 EUR	373,000.00 EUR
4.61 EUR	461,000.00 EUR
6.61 EUR	528,800.00 EUR
6.78 EUR	341,488.26 EUR
3.48 EUR	348,000.00 EUR
4.95 EUR	495,000.00 EUR
4.62 EUR	462,000.00 EUR
3.96 EUR	344,520.00 EUR
4.48 EUR	389,760.00 EUR
6.10 EUR	610,000.00 EUR
4.77 EUR	414,990.00 EUR
6.22 EUR	622,000.00 EUR

d) Aggregated information

Price	Aggregated volume
4.40 EUR	7,212,108.26 EUR

e) Date of the transaction

08/09/2026; UTC+2

f) Place of the transaction

Outside a trading venue

11.09.2026 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Language:	English
Company:	adidas AG
	Adi-Dassler-Straße 1
	91074 Herzogenaurach
	Germany
Internet:	www.adidas-group.com
LEI Code:	549300JSX0Z4CW0V5023


End of News	EQS News Service

106982 11.09.2026 CET/CEST