Anna Zegna (NYSE: ZGN) details direct and indirect share stakes

Rhea-AI Filing Summary

Ermenegildo Zegna N.V. director Anna Zegna di Monte Rubello filed an initial Form 3 reporting her equity holdings. She reports direct ownership of 200,348 ordinary shares and 18,029 restricted share units, each RSU corresponding to one ordinary share upon vesting.

She also reports indirect ownership through Monterubello s.s. of 152,734,550 ordinary shares and 149,734,550 Special Voting Shares A. A footnote states she is a general partner of the partnership that owns these securities and disclaims beneficial ownership except to the extent of her pecuniary interest. The RSUs were granted under the 2021 Equity Incentive Plan and are scheduled to vest in two tranches of 9,432 and 8,597 in January 2027 and January 2028, subject to continued service.

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

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1. Name and Address of Reporting Person^*

Zegna di Monte Rubello Anna

(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	200,348	D
Ordinary Shares, nominal value Euro 0.02 per share	152,734,550	I	By Monterubello s.s.(1)
Special Voting Shares A, nominal value Euro 0.02 per share	149,734,550	I	By Monterubello s.s.(1)

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	(2)	(2)	Ordinary Shares, nominal value Euro 0.02 per share	18,029	(2)	D

Explanation of Responses:

1. The reporting person is a general partner of the partnership that owns the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest therein.

2. 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)

FAQ

What does Anna Zegna di Monte Rubello report owning in ZGN on this Form 3?

She reports direct ownership of 200,348 ordinary shares and 18,029 restricted share units. She also reports large indirect holdings of ordinary and Special Voting Shares A through Monterubello s.s., reflecting her interests associated with that partnership.

How many indirect Ermenegildo Zegna (ZGN) shares are tied to Monterubello s.s.?

The filing shows 152,734,550 ordinary shares and 149,734,550 Special Voting Shares A held indirectly through Monterubello s.s. A footnote notes she is a general partner and disclaims beneficial ownership beyond her pecuniary interest.

What restricted share units does Anna Zegna hold in Ermenegildo Zegna (ZGN)?

She reports 18,029 restricted share units, each convertible into one ordinary share. These RSUs were granted under the 2021 Equity Incentive Plan and are subject to vesting conditions tied to continued service with the company.

When will Anna Zegna’s ZGN restricted share units vest?

The RSUs are scheduled to vest in two installments: 9,432 units in January 2027 and 8,597 units in January 2028. Vesting is contingent on her continued service with Ermenegildo Zegna N.V.

What does the beneficial ownership disclaimer mean in this ZGN Form 3?

The footnote explains she disclaims beneficial ownership of the partnership-held securities except for her pecuniary interest. This means economic benefits may accrue to her, but voting or investment power can reside with Monterubello s.s. or other partners.

Is this Ermenegildo Zegna (ZGN) Form 3 showing new trades or just holdings?

The Form 3 records holdings only, with no reported purchases or sales. It establishes Anna Zegna di Monte Rubello’s direct and indirect positions in ordinary shares, Special Voting Shares A, and restricted share units as of the reporting date.