On Holding AG (ONON) director receives 1,689 RSUs vesting into shares

Rhea-AI Filing Summary

On Holding AG director Amy Banse received an equity award that increased her shareholdings. On March 24, 2026, she acquired 1,689 Class A Shares through a grant of restricted stock units that vested immediately after the grant at a price of $0.00 per share.

Following this award, her direct ownership rose to 77,745 Class A Shares, reflecting a compensation-related increase rather than an open-market purchase.

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

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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^*

Banse Amy

(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)
			Code	V	Amount	(A) or (D)	Price
Class A Shares	03/24/2026		A		1,689	A	(1)	77,745	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On March 24, 2026, the Reporting Person was granted 1,689 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)

FAQ

What insider transaction did Amy Banse report for On Holding AG (ONON)?

Amy Banse reported receiving a grant of 1,689 restricted stock units that vested immediately into Class A Shares. This award, dated March 24, 2026, increased her direct ownership in On Holding AG to a total of 77,745 Class A Shares.

Was the On Holding AG (ONON) insider transaction a stock purchase or a grant?

The transaction was a grant of restricted stock units, not an open-market stock purchase. Amy Banse was awarded 1,689 RSUs that converted into Class A Shares at a price of $0.00 per share as part of her director compensation.

How many On Holding AG (ONON) shares does Amy Banse own after this Form 4?

After the reported transaction, Amy Banse directly owns 77,745 Class A Shares of On Holding AG. This total reflects the addition of 1,689 shares that resulted from restricted stock units vesting immediately on March 24, 2026.

What is the significance of the $0.00 per share price in the ONON Form 4?

The $0.00 per share price indicates the shares were acquired through a grant or award, not purchased in the market. In this case, 1,689 restricted stock units vested into Class A Shares as part of compensation, with no cash paid per share.

Did the restricted stock units in the ONON filing vest immediately?

Yes. The filing notes that 1,689 restricted stock units granted to Amy Banse on March 24, 2026 vested into Class A Shares immediately after the grant. This immediate vesting directly increased her reported holdings on that same date.

Does the ONON Form 4 mention any derivative positions for Amy Banse?

No derivative positions are listed in this Form 4 for Amy Banse. The filing shows a single non-derivative transaction involving 1,689 Class A Shares from restricted stock units, with no remaining options or other derivatives reported in the derivative section.