On Holding (ONON) co-CEO makes 60,000-share open-market stock purchase

Rhea-AI Filing Summary

On Holding AG executive Caspar Felix Coppetti reported buying 60,000 Class A Shares in open-market transactions. On May 14, 2026, he purchased 50,853 shares at a weighted average price of $36.7541 per share and 9,147 shares at a weighted average price of $35.9731 per share.

The purchases were executed in multiple trades, with prices ranging from $35.3800 to $36.9700, according to the footnotes. These transactions increase his direct ownership stake and represent net share accumulation rather than option exercises or tax-related movements.

Insights

Equity ownership analyst

On Holding’s co-CEO made a sizable open-market share purchase, signaling added personal exposure.

Caspar Felix Coppetti, Executive Officer and Co-CEO of On Holding AG, executed two open-market purchases totaling 60,000 Class A Shares on May 14, 2026. Weighted average prices were $36.7541 and $35.9731, with trades spread across a $35.3800–$36.9700 range.

These are straightforward open-market buys (code P), not option exercises or tax withholdings, so they reflect an active decision to increase equity exposure. The filing does not show any concurrent sales or derivative transactions, and there is no reference to a Rule 10b5-1 trading plan in the excerpt provided.

From an investor-perspective, this is a net-buy insider signal, but its importance depends on Coppetti’s overall wealth and ownership, which are not detailed here. Subsequent company filings may provide a broader view of how this purchase fits into longer-term insider ownership trends.

Insider Trade Summary

Net Buyer: 60,000 shares ($2,198,102)

Net Buy 2 txns

Insider Coppetti Caspar Felix

Role Executive Officer & Co-CEO

Bought 60,000 shs ($2.20M)

Type	Security	Shares	Price	Value
Purchase	Class A Shares	9,147	$35.9731	$329K
Purchase	Class A Shares	50,853	$36.7541	$1.87M

Holdings After Transaction: Class A Shares — 2,325,002 shares (Direct, null)

Footnotes (1)

1. The reported price is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $35.3800 to $36.3700, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. The reported price is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $36.3800 to $36.9700, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Key Figures

First purchase size: 50,853 shares First purchase price: $36.7541/share Second purchase size: 9,147 shares +4 more

7 metrics

First purchase size 50,853 shares Class A Shares bought on May 14, 2026

First purchase price $36.7541/share Weighted average price for 50,853 shares

Second purchase size 9,147 shares Class A Shares bought on May 14, 2026

Second purchase price $35.9731/share Weighted average price for 9,147 shares

Total shares bought 60,000 shares Net open-market purchases in this Form 4

Lower trade bound $35.3800 Lowest price in reported trade range

Upper trade bound $36.9700 Highest price in reported trade range

Key Terms

open-market purchase, weighted average purchase price, Class A Shares, Form 4

4 terms

open-market purchase financial

"transaction_action: "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

weighted average purchase price financial

"The reported price is a weighted average purchase price."

The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.

Class A Shares financial

"security_title: "Class A Shares""

Class A shares are one of a company’s distinct types of stock that come with a specific set of rights—commonly different voting power, dividend treatment, or transfer rules—defined in the company’s charter. Investors care because those rights affect control, income and resale value; like holding a seat at a table that has different rules or stronger chips than other seats, owning Class A changes how much influence and return you can expect.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Coppetti Caspar Felix

(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
X	Officer (give title below)		Other (specify below)
	Executive Officer & Co-CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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	05/14/2026		P		9,147	A	$35.9731(1)	2,325,002	D
Class A Shares	05/14/2026		P		50,853	A	$36.7541(2)	2,375,855	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. The reported price is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $35.3800 to $36.3700, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

2. The reported price is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $36.3800 to $36.9700, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

	/s/ Zlatina Iliev, Attorney-in-Fact	05/15/2026
	** 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 did On Holding (ONON) co-CEO Caspar Felix Coppetti report in this Form 4?

He reported buying a total of 60,000 On Holding Class A Shares in the open market. The purchases occurred on May 14, 2026, across two transactions at weighted average prices of $36.7541 and $35.9731 per share.

How many On Holding (ONON) shares did the co-CEO buy and at what prices?

Caspar Felix Coppetti bought 50,853 On Holding Class A Shares at a weighted average price of $36.7541 and 9,147 shares at $35.9731. Both were open-market purchases executed on May 14, 2026.

Were Caspar Felix Coppetti’s On Holding (ONON) share purchases open-market transactions?

Yes. Both transactions are coded “P,” indicating open-market or private purchases. The filing describes them as open-market purchases of Class A Shares, rather than option exercises, tax withholdings, or gifts, making them direct buying decisions by the executive.

Over what price range were the On Holding (ONON) shares purchased by the co-CEO?

The filing states the reported prices are weighted averages from multiple trades. For one block, trades ranged from $35.3800 to $36.3700; for the other, from $36.3800 to $36.9700, all executed on May 14, 2026.

Does this On Holding (ONON) Form 4 include any insider share sales or option exercises?

No. The transaction summary shows two buy transactions totaling 60,000 shares and zero sales, exercises, gifts, or tax withholdings. The activity is entirely open-market purchasing of Class A Shares by the reporting person.