STOCK TITAN

On Holding AG (ONON) director has 434 shares withheld for RSU taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

On Holding AG director Laura Miele reported a routine tax-related share withholding rather than an open-market trade. On June 25, 2026, 434 Class A Shares were disposed of at $36.92 per share to satisfy tax withholding obligations tied to the release of restricted stock units. According to the disclosure, this was not a discretionary trade. After this transaction, Miele directly holds 8,896 Class A Shares of On Holding AG.

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Insider Miele Laura
Role null
Type Security Shares Price Value
Tax Withholding Class A Shares 434 $36.92 $16K
Holdings After Transaction: Class A Shares — 8,896 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares withheld for taxes 434 shares Tax-withholding disposition on June 25, 2026
Tax-withholding price $36.92 per share Value used for 434 withheld Class A Shares
Shares held after transaction 8,896 shares Direct Class A Shares owned by Laura Miele post-transaction
Tax-withholding transactions 1 transaction, 434 shares Summarized in transactionSummary as tax withholding
restricted stock units financial
"in connection with the release of shares underlying restricted stock units granted on June 22, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"withheld at the election of the reporting person to satisfy tax withholding obligations in connection with the release of shares"
Form 4 regulatory
"as reported on the Reporting Person's Form 4 filed on June 24, 2026"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 434.0000 Class A Shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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SEC Form 4
FORM 4UNITED 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*
Miele Laura

(Last)(First)(Middle)
C/O ON HOLDING AG
FORRLIBUCKSTRASSE 190

(Street)
ZURICH8005

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Shares06/25/2026F434(1)D$36.928,896D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The shares are withheld at the election of the reporting person to satisfy tax withholding obligations in connection with the release of shares underlying restricted stock units granted on June 22, 2026, as reported on the Reporting Person's Form 4 filed on June 24, 2026. The transaction does not represent a discretionary trade by the Reporting Person.
/s/ Zlatina Iliev, Attorney-in-Fact06/29/2026
** Signature of Reporting PersonDate
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 On Holding AG (ONON) director Laura Miele report?

Laura Miele reported a tax-related share withholding. On June 25, 2026, 434 Class A Shares were disposed of to cover tax obligations from restricted stock units, not through an open-market sale, leaving her with 8,896 shares directly held.

How many On Holding AG (ONON) shares were withheld for Laura Miele’s taxes?

A total of 434 Class A Shares were withheld. These shares were used to satisfy tax withholding obligations associated with the release of restricted stock units, as disclosed in the Form 4, rather than representing a voluntary sale in the open market.

What price per share was used in Laura Miele’s tax-withholding transaction for ONON?

The tax-withholding shares were valued at $36.92 each. The Form 4 notes that 434 Class A Shares were disposed of at $36.92 per share to cover tax obligations linked to restricted stock units released to Laura Miele.

How many On Holding AG (ONON) shares does Laura Miele hold after this Form 4 transaction?

Laura Miele holds 8,896 Class A Shares after the transaction. The Form 4 specifies this post-transaction direct ownership figure, showing her remaining stake following the 434-share tax-withholding disposition related to restricted stock units.

Was Laura Miele’s On Holding AG (ONON) Form 4 transaction a discretionary trade?

No, the transaction was not discretionary. The footnote explains the shares were withheld at her election solely to satisfy tax withholding obligations from restricted stock units, and the transaction does not represent a discretionary trade in the open market.

What is the connection between Laura Miele’s ONON tax withholding and restricted stock units?

The withholding is tied to released restricted stock units. Shares were withheld to cover taxes arising from the release of shares underlying restricted stock units granted on June 22, 2026, as referenced in a prior Form 4 filing.