On Holding AG (ONON) executive Olivier discloses Class A and B holdings

Rhea-AI Filing Summary

On Holding AG executive officer and director Bernhard Olivier filed an initial Form 3 reporting his ownership in the company. He holds Class B shares that are convertible into Class A Shares at a ratio of ten Class B Shares for one Class A Share, subject to transfer restrictions and potential mandatory conversion under a shareholders' agreement, and also directly holds 5,103,184 Class A Shares.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Bernhard Olivier

(Last) (First) (Middle)

C/O ON HOLDING AG

FORRLIBUCKSTRASSE 190

(Street)

ZURICH 8005

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
On Holding AG [ ONON ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Shares	5,103,184	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Shares	(1)	(1)	Class A Shares	11,562,084	(1)	D

Explanation of Responses:

1. The Class B Shares are subject to transfer restrictions and rights of first refusal in favor of the other members of the Issuer's extended founder team pursuant to a shareholders' agreement. Upon the occurrence of certain individual or general sunset events specified in the shareholders' agreement, the Class B Shares are subject to mandatory conversion into Class A Shares within a specified timeframe. Conversion of Class B Shares into Class A Shares results in ten (10) Class B Shares being converted into one (1) Class A Share.

	/s/ Zlatina Iliev, Attorney-in-Fact	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the On Holding AG (ONON) Form 3 filing show for Bernhard Olivier?

The Form 3 filing shows that Bernhard Olivier, an executive officer and director of On Holding AG, reported his initial ownership of Class B Shares and 5,103,184 Class A Shares. This establishes his baseline stake as a company insider.

How many Class A Shares does Bernhard Olivier hold in On Holding AG (ONON)?

Bernhard Olivier directly holds 5,103,184 Class A Shares of On Holding AG. This position is reported as direct ownership and represents his Class A equity stake as disclosed in the Form 3 filing.

What are the key terms affecting Bernhard Olivier’s Class B Shares in On Holding AG (ONON)?

Olivier’s Class B Shares are subject to transfer restrictions and rights of first refusal in favor of other extended founder team members. They may face mandatory conversion into Class A Shares upon specified sunset events under a shareholders' agreement.

What is the conversion ratio between Class B and Class A Shares at On Holding AG (ONON)?

The filing states that converting Class B Shares into Class A Shares occurs at a ratio where ten (10) Class B Shares convert into one (1) Class A Share. This ratio governs how founders’ Class B holdings translate into Class A equity.

Does the On Holding AG (ONON) Form 3 indicate recent buying or selling by Bernhard Olivier?

The Form 3 primarily records existing ownership and shows holding entries, not explicit purchases or sales. It establishes Olivier’s positions in Class A and Class B Shares rather than reporting new market transactions.