Was the On Holding (ONON) Form 4 for a stock purchase or a share grant?

The Form 4 reflects a share grant, not an open-market purchase. Perez received 2,008 restricted stock units that converted into Class A Shares at no stated purchase price, indicating compensation-related equity rather than buying shares in the market.

On Holding director receives share grant

Perez Alexandre reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 03/26/2026 - 07:06 AM EDT

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Form Type

Rhea-AI Filing Summary

Perez Alexandre reported acquisition or exercise transactions in this Form 4 filing.

On Holding AG director Alexandre Perez reported a compensation-related share grant. On March 24, 2026, he was granted 2,008 restricted stock units that immediately vested into Class A Shares, according to the footnote. After this award, he directly holds 9,773,118 Class A Shares, indicating this was a routine, small-scale equity grant rather than an open-market purchase or sale.

Insider Trade Summary

Grant/Award: 2,008 shares

Grant/Award 1 txn

Insider Perez Alexandre

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Shares	2,008	$0.00	$0.00

Holdings After Transaction: Class A Shares — 9,773,118 shares (Direct)

Footnotes (1)

F1. On March 24, 2026, the Reporting Person was granted 2,008 restricted stock units, which vested into Class A Shares immediately after the grant.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Alexandre Perez report at On Holding (ONON)?

Alexandre Perez reported receiving 2,008 restricted stock units at On Holding. The units vested immediately into Class A Shares on March 24, 2026, increasing his direct holdings as part of equity-based compensation rather than an open-market trade.

How many On Holding (ONON) shares does Alexandre Perez hold after this Form 4?

Following the March 24, 2026 award, Alexandre Perez directly holds 9,773,118 Class A Shares of On Holding. This position reflects his updated ownership after 2,008 restricted stock units vested immediately into shares as disclosed in the Form 4 footnote.

What is the transaction code used in Alexandre Perez’s On Holding (ONON) Form 4?

The transaction uses code "A", indicating a grant, award, or other acquisition. In this case, it represents 2,008 restricted stock units that vested immediately into Class A Shares as part of equity compensation, not a discretionary market trade.

Is Alexandre Perez’s On Holding (ONON) Form 4 transaction a strong bullish or bearish signal?

The transaction appears neutral as an equity compensation grant. Perez received 2,008 restricted stock units that vested into shares, updating his holdings to 9,773,118 shares. Such routine awards typically provide limited insight into short-term views on the stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Perez Alexandre

(Last)

(First)

(Middle)

C/O ON HOLDING AG

FORRLIBUCKSTRASSE 190

(Street)

ZURICH

8005

(City)

(State)

(Zip)

SWITZERLAND

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Shares	03/24/2026		A		2,008	A	⁽¹⁾	9,773,118	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. On March 24, 2026, the Reporting Person was granted 2,008 restricted stock units, which vested into Class A Shares immediately after the grant.

	/s/ Zlatina Iliev, Attorney-in-Fact	03/26/2026
	** 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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR