Norsa Michele 4
4 · Ermenegildo Zegna N.V. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Ermenegildo Zegna Director Michele Norsa Sells 4,000 Shares
What Happened
Michele Norsa, a director of Ermenegildo Zegna N.V. (ZGN), disposed of 4,000 ordinary shares in an open-market sale on May 5, 2026. The reported weighted-average price was $11.87 per share, for total proceeds of about $47,480. The filing classifies the transaction as a sale (S).
Key Details
- Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (appears timely).
- Price: weighted average $11.87; shares sold in multiple trades at prices ranging $11.86–$11.89 (per footnote).
- Shares sold: 4,000; total proceeds ≈ $47,480.
- Shares owned after the transaction: not specified in the information provided here.
- Footnote: reporting person can provide a breakdown of the number of shares sold at each specific price within the $11.86–$11.89 range upon request.
- Transaction type: open-market sale of existing ordinary shares (not an option exercise, gift, or award).
Context
Sales by directors can be routine (liquidity, tax planning, diversification) and do not by themselves indicate company performance. This report documents a straightforward sale of shares rather than derivative activity; retail investors should consider insider patterns and broader fundamentals before drawing conclusions.
Insider Transaction Report
- Sale
Ordinary Shares, nominal value Euro 0.02 per share
[F1]2026-05-05$11.87/sh−4,000$47,480→ 166,348 total
Footnotes (1)
- [F1]The price reported in Column 4 is a weighted average price. These Ordinary Shares were sold in multiple transactions at prices ranging from $11.86 to $11.89, inclusive. The reporting person undertakes to provide to Ermenegildo Zegna N.V., any security holder of Ermenegildo Zegna N.V., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Ordinary Shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.