Directors’ Dealings | 13 May 2026 11:30

adidas AG: NNS Investments (Cyprus) Limited, Closure of existing short puts and opening of new short puts with longer maturity (roll) (opening in separate announcement); Closure: 87.000 Units, Strike EUR 169.97, Maturity 17. May 2026, Unit-Price EUR 27.89 / 87.000 Units, Strike EUR 184.37, Maturity 1. June 2026, Unit-Price EUR 41.41 / 87.000 Units, Strike EUR 184.40, Maturity 4. June 2026, Unit-Price EUR 42.32 / 87.000 Units, Strike EUR 167.88, Maturity 9. June 2026, Unit-Price EUR 25.80 / 87.000 Units, Strike EUR 176.39, Maturity 12. June 2026, Unit-Price EUR 33.47 / 87.000 Units, Strike EUR 174.52, Maturity 16. June 2026, Unit-Price EUR 31.40 / 87.000 Units, Strike EUR 179.25, Maturity 19. June 2026, Unit-Preis EUR 37.17

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.

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) (opening in separate announcement); Closure: 87.000 Units, Strike EUR 169.97, Maturity 17. May 2026, Unit-Price EUR 27.89 / 87.000 Units, Strike EUR 184.37, Maturity 1. June 2026, Unit-Price EUR 41.41 / 87.000 Units, Strike EUR 184.40, Maturity 4. June 2026, Unit-Price EUR 42.32 / 87.000 Units, Strike EUR 167.88, Maturity 9. June 2026, Unit-Price EUR 25.80 / 87.000 Units, Strike EUR 176.39, Maturity 12. June 2026, Unit-Price EUR 33.47 / 87.000 Units, Strike EUR 174.52, Maturity 16. June 2026, Unit-Price EUR 31.40 / 87.000 Units, Strike EUR 179.25, Maturity 19. June 2026, Unit-Preis EUR 37.17

c) Price(s) and volume(s)

Price(s)	Volume(s)
27.8900 EUR	2,426,430.00 EUR
41.4100 EUR	3,602,670.00 EUR
42.3200 EUR	3,681,840.00 EUR
25.8000 EUR	2,244,600.00 EUR
33.4700 EUR	2,911,890.00 EUR
31.4000 EUR	2,731,800.00 EUR
37.1700 EUR	3,233,790.00 EUR

d) Aggregated information

Price	Aggregated volume
34.2086 EUR	20,833,020.0000 EUR

e) Date of the transaction

11/05/2026; UTC+2

f) Place of the transaction

Outside a trading venue

13.05.2026 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

End of News EQS News Service

104820  13.05.2026 CET/CEST