Ermenegildo Zegna (NYSE: ZGN) director discloses share and RSU stake

Rhea-AI Filing Summary

Ermenegildo Zegna N.V. director Michele Norsa has filed an initial ownership report showing his equity position in the company. He directly holds 170,348 ordinary shares and has been assigned 18,029 Restricted Share Units (RSUs) under the 2021 Equity Incentive Plan.

The RSUs will vest in two installments of 9,432 and 8,597 in January 2027 and January 2028, subject to continued service. Upon vesting, one ordinary share will be delivered for each RSU, indicating a structured, multi-year equity-based compensation package.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Norsa Michele

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 - 06:40 AM Learn about SEC filing dates

FAQ

What does the Ermenegildo Zegna (ZGN) Form 3 filing show for Michele Norsa?

The Form 3 shows director Michele Norsa reporting his initial ownership in Ermenegildo Zegna N.V.. He directly holds ordinary shares and Restricted Share Units granted under the company’s 2021 Equity Incentive Plan, outlining his current equity-based alignment with shareholders.

How many Ermenegildo Zegna (ZGN) ordinary shares does Michele Norsa directly hold?

Michele Norsa directly holds 170,348 ordinary shares of Ermenegildo Zegna N.V. This position is reported as direct ownership in the Form 3, providing a clear view of his current share stake separate from any equity awards or derivatives such as Restricted Share Units.

What Restricted Share Units does Michele Norsa report in Ermenegildo Zegna (ZGN)?

He reports 18,029 Restricted Share Units (RSUs) linked to Ermenegildo Zegna ordinary shares. These RSUs were granted under the 2021 Equity Incentive Plan and represent future share delivery, contingent on vesting conditions tied to continued service with the company.

When will Michele Norsa’s Ermenegildo Zegna (ZGN) RSUs vest and convert to shares?

The RSUs will vest in two tranches of 9,432 and 8,597 units in January 2027 and January 2028. Upon each vesting date, one Ermenegildo Zegna ordinary share will be delivered for every vested RSU, increasing his share holdings over time.

Are there any buy or sell transactions reported in this Ermenegildo Zegna (ZGN) Form 3?

No buy or sell transactions are reported; the Form 3 reflects holding entries only. It provides a snapshot of Michele Norsa’s existing direct share ownership and RSU awards, rather than documenting recent market purchases, sales, or option exercises in Ermenegildo Zegna stock.

What is the 2021 Equity Incentive Plan mentioned in the Ermenegildo Zegna (ZGN) filing?

The 2021 Equity Incentive Plan is the program under which Michele Norsa’s Restricted Share Units were granted. The filing notes RSUs assigned as part of this plan, with vesting in 2027 and 2028, linking his future compensation to Ermenegildo Zegna’s share performance.

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^*

Norsa Michele

(Last) (First) (Middle)

C/O ERMENEGILDO ZEGNA N.V.

VIALE ROMA 99/100

(Street)

VALDILANA LOC. TRIVERO 13835

(City) (State) (Zip)

ITALY

(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)