Allemann David Michael 4

What Happened
David Michael Allemann, Co-CEO and director of On Holding AG (ONON), made open-market purchases of company stock on May 14, 2026. He acquired 9,144 shares at a weighted average price of $35.97 ($328,937) and 50,856 shares at a weighted average price of $36.75 ($1,869,161), for a total of 60,000 shares purchased for approximately $2,198,098. These were outright purchases (transaction code P), which are generally viewed as a direct buy signal rather than a sale or derivative exercise.

Key Details

• Transaction date: May 14, 2026; Form filed: May 15, 2026 (timely filing).
• Purchases: 9,144 shares @ $35.97 (reported weighted avg; range $35.38–$36.37) and 50,856 shares @ $36.75 (reported weighted avg; range $36.38–$36.97).
• Total shares bought: 60,000; total cash value: ~$2.20 million.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1 and F2 note the reported prices are weighted averages from multiple trades within the indicated price ranges; the reporting person will provide transaction-level breakdowns on request.
• No 10b5-1 plan, option exercise, gift, or tax-withholding footnotes were noted in the provided details.

Context

• These were straight open-market purchases (not option exercises or awards), so the insider added stock to his holdings rather than converting compensation.
• Purchases by executives can be seen as a stronger signal of confidence than routine sales, but they do not guarantee future performance.
• The filing appears timely (reporting the prior-day trades the next business day).