Norsa Michele 4

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.