Sartori Alessandro 4

What Happened
Alessandro Sartori, Artistic Director of Ermenegildo Zegna N.V. (ZGN), had 31,500 restricted share units (RSUs) vest on May 7, 2026 and converted those RSUs into 31,500 ordinary shares. Following the vesting, he sold 6,505 of those shares in an open-market transaction on May 8, 2026 to satisfy tax withholding obligations, generating proceeds of approximately $85,346 (weighted-average sale price $13.12).

Key Details

• Transaction dates: RSU conversion/vesting on 2026-05-07 (reported); open-market sale on 2026-05-08; Form 4 filed 2026-05-11 (timely).
• Shares acquired on conversion: 31,500 RSUs converted one-for-one into ordinary shares (derivative code M).
• Shares sold: 6,505 shares disposed; weighted-average sale price $13.12; total proceeds ≈ $85,346. Sales executed at prices ranging $12.98–$13.30.
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: RSUs convert one-for-one into ordinary shares (F1). The 6,505-share sale was solely to satisfy tax withholding on the vested RSUs (F2). The price shown is a weighted average across multiple trades (F3). The 31,500 RSUs were part of the Long‑Term Incentive Awards 2022–2025 that vested in May 2026 (F4).
• Filing timeliness: Form 4 was filed on May 11 for transactions that occurred May 7–8; this filing is timely under the two-business-day rule (weekend intervened).

Context
This was a routine vesting of long-term incentive RSUs with a partial sell-to-cover for taxes — common insider activity that reflects compensation vesting rather than a market-timing sale. The derivative code (M) indicates conversion/issuance on vesting; the subsequent open‑market sale was limited to tax withholding, not a full disposition of the vested award.