Mars Valerie Anne lists Zegna (NYSE: ZGN) shares and RSU awards

Rhea-AI Filing Summary

Ermenegildo Zegna N.V. director Mars Valerie Anne filed an initial ownership report showing direct holdings in both shares and equity awards. She directly holds 170,348 ordinary shares and 18,029 Restricted Share Units (RSUs) tied to ordinary shares.

According to the equity plan, these RSUs were granted under the 2021 Equity Incentive Plan and vest in two installments of 9,432 and 8,597 units in January 2027 and January 2028, subject to continued service. Upon vesting, each RSU converts into one ordinary share at no exercise price.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Mars Valerie Anne

Role Director

Type	Security	Shares	Price	Value
holding	Restricted Share Units	--	--	--
holding	Ordinary Shares, nominal value Euro 0.02 per share	--	--	--

Holdings After Transaction: Restricted Share Units — 18,029 shares (Direct); Ordinary Shares, nominal value Euro 0.02 per share — 170,348 shares (Direct)

Footnotes (1)

1. F1. Restricted Share Units ("RSUs") were assigned as part of the 2021 Equity Incentive Plan. RSU awards will vest in two installments of 9,432 and 8,597 in January 2027 and January 2028 respectively, subject to continued service. Upon vesting, one ordinary share is assigned for each RSU.

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Accepted by SEC EDGAR 03/18/2026 - 06:43 AM Learn about SEC filing dates

FAQ

What does the Form 3 for Ermenegildo Zegna N.V. (ZGN) show for Mars Valerie Anne?

The Form 3 reports Mars Valerie Anne’s initial holdings as a director, including 170,348 ordinary shares and 18,029 Restricted Share Units. It establishes her starting equity position in Ermenegildo Zegna N.V. as of the reporting date.

How many Ermenegildo Zegna (ZGN) ordinary shares does Mars Valerie Anne hold directly?

Mars Valerie Anne directly holds 170,348 ordinary shares of Ermenegildo Zegna N.V. This figure represents her reported direct ownership and serves as a baseline for tracking any future changes in her share position in subsequent filings.

How many Restricted Share Units does Mars Valerie Anne have in ZGN and what do they represent?

She holds 18,029 Restricted Share Units linked to Ermenegildo Zegna ordinary shares. Each RSU represents a right to receive one ordinary share upon vesting, providing additional equity exposure beyond her existing directly owned shareholdings.

When will Mars Valerie Anne’s Ermenegildo Zegna (ZGN) RSUs vest?

The RSUs are scheduled to vest in two tranches: 9,432 units in January 2027 and 8,597 units in January 2028. Vesting is subject to her continued service, after which shares are delivered on a one-for-one basis.

Under which plan were Mars Valerie Anne’s ZGN Restricted Share Units granted?

The Restricted Share Units were granted under Ermenegildo Zegna N.V.’s 2021 Equity Incentive Plan. This plan provides equity-based compensation, and the RSUs convert into ordinary shares upon vesting without requiring an exercise price payment.

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^*

Mars Valerie Anne

(Last) (First) (Middle)

C/O ERMENEGILDO ZEGNA N.V.

VIALE ROMA 99/100

(Street)

VALDILANA LOC. TRIVERO 13835

(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
Ermenegildo Zegna N.V. [ ZGN ]

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
	Officer (give title below)		Other (specify below)

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)
Ordinary Shares, nominal value Euro 0.02 per share	170,348	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
Restricted Share Units	(1)	(1)	Ordinary Shares, nominal value Euro 0.02 per share	18,029	(1)	D

Explanation of Responses:

1. Restricted Share Units ("RSUs") were assigned as part of the 2021 Equity Incentive Plan. RSU awards will vest in two installments of 9,432 and 8,597 in January 2027 and January 2028 respectively, subject to continued service. Upon vesting, one ordinary share is assigned for each RSU.

Remarks:

Exhibit List: Exhibit 24.1 - Power of Attorney

	/s/ Delphine Carole Gieux, 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)