On Holding AG (ONON) director granted 2,008 RSUs vesting into Class A shares

Rhea-AI Filing Summary

Durkin Dennis M reported acquisition or exercise transactions in this Form 4 filing.

On Holding AG director Dennis M. Durkin received 2,008 Class A Shares as a restricted stock unit award that vested immediately on March 24, 2026. These shares were granted at no cash price to him as compensation and increased his direct holdings to 99,522 Class A Shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Durkin Dennis M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Shares	2,008	$0.00	--

Holdings After Transaction: Class A Shares — 99,522 shares (Direct)

Footnotes (1)

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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^*

Durkin Dennis M

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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	03/24/2026		A		2,008	A	(1)	99,522	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. On March 24, 2026, the Reporting Person was granted 2,008 restricted stock units, which vested into Class A Shares immediately after the grant.

	/s/ Zlatina Iliev, Attorney-in-Fact	03/26/2026
	** 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 insider transaction did On Holding AG (ONON) report for Dennis M. Durkin?

On Holding AG reported that director Dennis M. Durkin received 2,008 restricted stock units on March 24, 2026. These units immediately vested into Class A Shares, increasing his direct ownership position in the company without an open-market purchase or sale.

How many On Holding AG shares does Dennis M. Durkin hold after this Form 4 transaction?

After the March 24, 2026 grant, Dennis M. Durkin directly holds 99,522 Class A Shares of On Holding AG. This reflects the addition of 2,008 shares from restricted stock units that vested immediately upon grant, as disclosed in the Form 4 filing.

Was the On Holding AG Form 4 transaction a market purchase or sale of ONON shares?

The Form 4 for On Holding AG shows no market purchase or sale by Dennis M. Durkin. Instead, he acquired 2,008 Class A Shares through a restricted stock unit grant that vested immediately, categorized as a grant, award, or other acquisition transaction.

What does the restricted stock unit grant to Dennis M. Durkin mean for On Holding AG shareholders?

The grant of 2,008 restricted stock units to Dennis M. Durkin represents equity-based director compensation. The units vested into Class A Shares immediately, modestly increasing his direct share ownership and aligning part of his compensation with the company’s equity performance.

When did Dennis M. Durkin’s restricted stock units in On Holding AG vest into shares?

Dennis M. Durkin’s 2,008 restricted stock units in On Holding AG were granted on March 24, 2026 and vested immediately. Upon vesting, they converted into an equal number of Class A Shares, as described in the footnote to the Form 4 filing.

How is the Form 4 transaction for On Holding AG classified by the SEC codes?

The Form 4 transaction for On Holding AG is coded “A,” meaning a grant, award, or other acquisition. It covers 2,008 Class A Shares received via restricted stock units, with no transaction price per share reported and no associated open-market trading activity.