[SCHEDULE 13G/A] On Holding AG SEC Filing
On Holding AG insiders filed a joint Schedule 13G/A reporting significant beneficial ownership and coordinated voting arrangements. Four founders鈥擠avid Allemann, Olivier Bernhard, Caspar Coppetti and Martin Hoffmann鈥攔eport beneficial ownership that the filing presents on the basis of conversion of Class B voting rights shares into Class A ordinary shares for reporting purposes.
The filing shows aggregate beneficial holdings reported per person of 45,057,673 Class A-equivalent shares for Mr. Allemann, Mr. Bernhard and Mr. Coppetti, and 45,329,781 for Mr. Hoffmann, representing about 13.8% (13.9% for Mr. Hoffmann) of the class under the denominators disclosed. The Schedule describes a Shareholders' Agreement that allocates shared voting and dispositive power over the Class B voting rights shares and a March 31, 2025 Exchange Agreement that converted 5,729,180 Class B voting rights shares into specific small allocations of Class A shares among certain founders. The filing also explains that ten Class B voting rights shares convert into one Class A ordinary share upon shareholder approval, and that conversion is treated as converted solely for reporting beneficial ownership.
Gli insider di On Holding AG hanno depositato congiuntamente un Schedule 13G/A in cui segnalano una significativa partecipazione beneficiaria e accordi coordinati di voto. Quattro fondatori 鈥� David Allemann, Olivier Bernhard, Caspar Coppetti e Martin Hoffmann 鈥� comunicano una partecipazione beneficiaria che il documento presenta sulla base della conversione, a fini di segnalazione, delle azioni di Classe B con diritti di voto in azioni ordinarie di Classe A.
Il deposito indica partecipazioni aggregate riportate per persona pari a 45,057,673 azioni equivalenti Classe A per i signori Allemann, Bernhard e Coppetti, e 45,329,781 per il signor Hoffmann, corrispondenti a circa il 13.8% (13.9% per Hoffmann) della relativa classe secondo i denominatori divulgati. Lo Schedule descrive un Accordo tra Azionisti che assegna poteri condivisi di voto e di disposizione sulle azioni di Classe B e un Exchange Agreement del 31 marzo 2025 che ha convertito 5,729,180 azioni di Classe B in specifiche piccole assegnazioni di azioni di Classe A tra alcuni fondatori. Il deposito precisa inoltre che dieci azioni di Classe B con diritti di voto si convertono in una azione ordinaria di Classe A previo consenso degli azionisti, e che tale conversione 猫 considerata avvenuta esclusivamente ai fini della segnalazione della partecipazione beneficiaria.
Los insiders de On Holding AG presentaron conjuntamente un Schedule 13G/A en el que informan de una participaci贸n beneficiaria significativa y de acuerdos coordinados de voto. Cuatro fundadores 鈥� David Allemann, Olivier Bernhard, Caspar Coppetti y Martin Hoffmann 鈥� declaran una participaci贸n beneficiaria que el documento presenta bas谩ndose en la conversi贸n de las acciones de Clase B con derecho a voto en acciones ordinarias de Clase A a efectos de la notificaci贸n.
El registro muestra participaciones agregadas comunicadas por persona de 45,057,673 acciones equivalentes a Clase A para los se帽ores Allemann, Bernhard y Coppetti, y de 45,329,781 para el se帽or Hoffmann, lo que representa aproximadamente el 13.8% (13.9% para Hoffmann) de la clase seg煤n los denominadores divulgados. El Schedule describe un Acuerdo de Accionistas que asigna poderes compartidos de voto y de disposici贸n sobre las acciones de Clase B con derecho a voto y un Exchange Agreement del 31 de marzo de 2025 que convirti贸 5,729,180 acciones de Clase B con derecho a voto en asignaciones espec铆ficas y reducidas de acciones de Clase A entre ciertos fundadores. El registro tambi茅n explica que diez acciones de Clase B con derecho a voto se convierten en una acci贸n ordinaria de Clase A tras la aprobaci贸n de los accionistas, y que esa conversi贸n se trata como realizada 煤nicamente a efectos de la notificaci贸n de la propiedad beneficiaria.
On Holding AG鞚� 雮措秬鞛愲摛鞚� 瓿惦彊鞙茧 Schedule 13G/A毳� 鞝滌稖頃� 靸侂嫻頃� 鞁れ鞝� 靻岇湢甓� 氚� 臁办爼霅� 鞚橁舶甓� 頃╈潣毳� 氤搓碃頄堨姷雼堧嫟. 雱� 氇呾潣 彀届梾鞛� 鈥� David Allemann, Olivier Bernhard, Caspar Coppetti 氚� Martin Hoffmann 鈥� 鞚� 氤搓碃 氇╈爜鞙茧 韥措灅鞀� B 鞚橁舶甓� 欤检嫕鞚� 韥措灅鞀� A 氤错喌欤茧 鞝勴櫂頃� 旮办鞐� 霐半澕 鞁れ鞝� 靻岇湢甓岇潉 鞁犼碃頄堨姷雼堧嫟.
鞝滌稖靹滌棎 霐半ゴ氅� 臧滌澑氤� 歆戧硠霅� 鞁れ 氤挫湢霟夓潃 Allemann, Bernhard 氚� Coppetti鞚� 瓴届毎 45,057,673 韥措灅鞀� A 靸侂嫻 欤检嫕鞚搓碃 Hoffmann鞚� 瓴届毎 45,329,781欤茧, 瓿店皽霅� 攵勲 旮办鞙茧 頃措嫻 韥措灅鞀れ潣 鞎� 13.8%(Hoffmann鞚� 13.9%)鞐� 頃措嫻頃╇媹雼�. Schedule鞚� 韥措灅鞀� B 鞚橁舶甓� 欤检嫕鞐� 雽�頃� 瓿惦彊鞚� 鞚橁舶甓� 氚� 觳橂秳 甓岉暅鞚� 攵�鞐晿電� 欤检＜臧� 瓿勳暯瓿� 2025雲� 3鞗� 31鞚检瀽 甑愴櫂瓿勳暯鞚� 鞚茧秬 彀届梾鞛愲摛 靷澊鞐愳劀 5,729,180欤检潣 韥措灅鞀� B 鞚橁舶甓� 欤检嫕鞚� 韥措灅鞀� A 欤检嫕鞚� 韸轨爼 靻岇暋 氚办爼鞙茧 鞝勴櫂頄堧嫟瓿� 靹る獏頃╇媹雼�. 鞝滌稖靹滊姅 霕愴暅 韥措灅鞀� B 鞚橁舶甓� 欤检嫕 10欤缄皜 欤检＜ 鞀轨澑鞚� 臁瓣贝鞙茧 韥措灅鞀� A 氤错喌欤� 1欤茧 鞝勴櫂霅滊嫟瓿� 氚濏瀳氅�, 攴� 鞝勴櫂鞚� 鞁れ鞝� 靻岇湢甓� 氤搓碃 氇╈爜鞐� 頃滍暣 鞝勴櫂霅� 瓴冹溂搿� 旆笁霅滊嫟瓿� 雿щ稒鞛呺媹雼�.
Des initi茅s d'On Holding AG ont d茅pos茅 conjointement un Schedule 13G/A signalant une participation b茅n茅ficiaire importante et des accords de vote coordonn茅s. Quatre fondateurs 鈥� David Allemann, Olivier Bernhard, Caspar Coppetti et Martin Hoffmann 鈥� d茅clarent une participation b茅n茅ficiaire que le document pr茅sente sur la base de la conversion des actions de classe B avec droits de vote en actions ordinaires de classe A 脿 des fins de d茅claration.
Le d茅p么t indique des avoirs b茅n茅ficiaires agr茅g茅s d茅clar茅s par personne de 45,057,673 actions 茅quivalentes de classe A pour MM. Allemann, Bernhard et Coppetti, et de 45,329,781 pour M. Hoffmann, repr茅sentant environ 13,8% (13,9% pour Hoffmann) de la cat茅gorie selon les d茅nominateurs divulgu茅s. Le Schedule d茅crit un pacte d'actionnaires qui attribue des pouvoirs de vote et de disposition partag茅s sur les actions de classe B avec droits de vote et un Exchange Agreement du 31 mars 2025 qui a converti 5,729,180 actions de classe B avec droits de vote en petites allocations sp茅cifiques d'actions de classe A entre certains fondateurs. Le d茅p么t pr茅cise 茅galement que dix actions de classe B avec droits de vote se convertissent en une action ordinaire de classe A sous r茅serve de l'approbation des actionnaires, et que cette conversion est trait茅e comme r茅alis茅e uniquement aux fins de la d茅claration de la participation b茅n茅ficiaire.
Insider von On Holding AG haben gemeinsam ein Schedule 13G/A eingereicht, in dem sie wesentliche wirtschaftliche Beteiligungen und koordinierte Stimmrechtsvereinbarungen melden. Vier Gr眉nder 鈥� David Allemann, Olivier Bernhard, Caspar Coppetti und Martin Hoffmann 鈥� geben eine wirtschaftliche Beteiligung an, die in der Meldung auf Basis der Umrechnung von Class B Voting Rights Shares in Class A Ordinary Shares f眉r Berichtszwecke dargestellt wird.
Die Einreichung zeigt aggregierte meldepflichtige Best盲nde pro Person von 45,057,673 Class鈥慉鈥懨uivalenten Aktien f眉r die Herren Allemann, Bernhard und Coppetti und 45,329,781 f眉r Herrn Hoffmann, was nach den offengelegten Nennern etwa 13,8% (f眉r Hoffmann 13,9%) der Klasse entspricht. Das Schedule beschreibt einen Aktion盲rsvertrag, der gemeinschaftliche Stimm鈥� und Verf眉gungsbefugnisse 眉ber die Class鈥態鈥慥oting鈥慠ights鈥慡hares zuordnet, sowie ein Exchange Agreement vom 31. M盲rz 2025, das 5,729,180 Class鈥態鈥慥oting鈥慠ights鈥慡hares in bestimmte kleine Zuteilungen von Class鈥慉鈥慉ktien an einzelne Gr眉nder umwandelte. Die Einreichung erl盲utert au脽erdem, dass zehn Class鈥態鈥慥oting鈥慠ights鈥慡hares in eine Class鈥慉鈥慜rdinary鈥慡hare konvertiert werden, sobald die Aktion盲re zustimmen, und dass diese Umrechnung ausschlie脽lich f眉r die Meldung der wirtschaftlichen Beteiligung als erfolgt behandelt wird.
- Clear joint disclosure: The Reporting Persons filed a Joint Filing Agreement and consolidated Schedule 13G/A, providing transparent reporting of founder holdings and arrangements.
- Explicit voting arrangements: The Shareholders' Agreement and the filing disclose coordinated voting and shared dispositive power among the founders.
- Conversion mechanics disclosed: The filing states the conversion ratio of Class B voting rights shares into Class A ordinary shares (10:1) and how conversions are treated for reporting.
- Concentrated founder ownership: Each Reporting Person reports beneficial ownership of ~45 million Class A-equivalent shares (about 13.8% each), indicating concentrated insider stakes.
- Reported ownership is conditional: The filing treats Class B voting rights shares as converted "solely for the purpose of reporting" and also states conversion requires shareholder approval, so reported percentages do not reflect automatic share conversion.
- Different denominators used: Percentage calculations reference two different totals for outstanding shares (326,855,633 and 327,127,741), which could affect direct comparability of the stated percentages.
Insights
TL;DR: Founders report double鈥慸igit Class A-equivalent stakes and coordinated voting under a shareholders' agreement; conversion mechanics affect reported percentages.
The Schedule 13G/A is a detailed, routine disclosure of founder ownership and voting coordination. Each of the four Reporting Persons is shown as beneficially owning roughly 45 million Class A-equivalent shares, calculated by treating their Class B voting rights shares as converted for reporting purposes. The filing discloses the conversion ratio (10 Class B voting rights shares = 1 Class A ordinary share) and that conversion requires shareholder approval, which means the reported ownership is a reporting convention rather than an automatic change in economic interest or share count. Percentages are calculated using issuer-provided outstanding share figures and include Class B shares only for reporting. This is material information on ownership concentration but reflects an expected governance arrangement among founders rather than an operational or financial event.
TL;DR: The filing documents a formal shareholders' agreement and joint filing, confirming coordinated voting and shared dispositive power among founders.
The Schedule identifies a Shareholders' Agreement that commits the Reporting Persons to vote together and restrict certain transfers of Class B voting rights shares, and it attaches a Joint Filing Agreement. The disclosure of shared voting and dispositive powers over the Class B voting rights shares is explicit and shows how the founders align governance actions. The Exchange Agreement cited (March 31, 2025) reflects a specific reallocation of a block of Class B shares into Class A shares among three founders. For investors, these are clear governance-level facts about who controls voting rights and how conversion rights are treated for reporting; they are procedural and informational rather than indicating an operational change to the business.
Gli insider di On Holding AG hanno depositato congiuntamente un Schedule 13G/A in cui segnalano una significativa partecipazione beneficiaria e accordi coordinati di voto. Quattro fondatori 鈥� David Allemann, Olivier Bernhard, Caspar Coppetti e Martin Hoffmann 鈥� comunicano una partecipazione beneficiaria che il documento presenta sulla base della conversione, a fini di segnalazione, delle azioni di Classe B con diritti di voto in azioni ordinarie di Classe A.
Il deposito indica partecipazioni aggregate riportate per persona pari a 45,057,673 azioni equivalenti Classe A per i signori Allemann, Bernhard e Coppetti, e 45,329,781 per il signor Hoffmann, corrispondenti a circa il 13.8% (13.9% per Hoffmann) della relativa classe secondo i denominatori divulgati. Lo Schedule descrive un Accordo tra Azionisti che assegna poteri condivisi di voto e di disposizione sulle azioni di Classe B e un Exchange Agreement del 31 marzo 2025 che ha convertito 5,729,180 azioni di Classe B in specifiche piccole assegnazioni di azioni di Classe A tra alcuni fondatori. Il deposito precisa inoltre che dieci azioni di Classe B con diritti di voto si convertono in una azione ordinaria di Classe A previo consenso degli azionisti, e che tale conversione 猫 considerata avvenuta esclusivamente ai fini della segnalazione della partecipazione beneficiaria.
Los insiders de On Holding AG presentaron conjuntamente un Schedule 13G/A en el que informan de una participaci贸n beneficiaria significativa y de acuerdos coordinados de voto. Cuatro fundadores 鈥� David Allemann, Olivier Bernhard, Caspar Coppetti y Martin Hoffmann 鈥� declaran una participaci贸n beneficiaria que el documento presenta bas谩ndose en la conversi贸n de las acciones de Clase B con derecho a voto en acciones ordinarias de Clase A a efectos de la notificaci贸n.
El registro muestra participaciones agregadas comunicadas por persona de 45,057,673 acciones equivalentes a Clase A para los se帽ores Allemann, Bernhard y Coppetti, y de 45,329,781 para el se帽or Hoffmann, lo que representa aproximadamente el 13.8% (13.9% para Hoffmann) de la clase seg煤n los denominadores divulgados. El Schedule describe un Acuerdo de Accionistas que asigna poderes compartidos de voto y de disposici贸n sobre las acciones de Clase B con derecho a voto y un Exchange Agreement del 31 de marzo de 2025 que convirti贸 5,729,180 acciones de Clase B con derecho a voto en asignaciones espec铆ficas y reducidas de acciones de Clase A entre ciertos fundadores. El registro tambi茅n explica que diez acciones de Clase B con derecho a voto se convierten en una acci贸n ordinaria de Clase A tras la aprobaci贸n de los accionistas, y que esa conversi贸n se trata como realizada 煤nicamente a efectos de la notificaci贸n de la propiedad beneficiaria.
On Holding AG鞚� 雮措秬鞛愲摛鞚� 瓿惦彊鞙茧 Schedule 13G/A毳� 鞝滌稖頃� 靸侂嫻頃� 鞁れ鞝� 靻岇湢甓� 氚� 臁办爼霅� 鞚橁舶甓� 頃╈潣毳� 氤搓碃頄堨姷雼堧嫟. 雱� 氇呾潣 彀届梾鞛� 鈥� David Allemann, Olivier Bernhard, Caspar Coppetti 氚� Martin Hoffmann 鈥� 鞚� 氤搓碃 氇╈爜鞙茧 韥措灅鞀� B 鞚橁舶甓� 欤检嫕鞚� 韥措灅鞀� A 氤错喌欤茧 鞝勴櫂頃� 旮办鞐� 霐半澕 鞁れ鞝� 靻岇湢甓岇潉 鞁犼碃頄堨姷雼堧嫟.
鞝滌稖靹滌棎 霐半ゴ氅� 臧滌澑氤� 歆戧硠霅� 鞁れ 氤挫湢霟夓潃 Allemann, Bernhard 氚� Coppetti鞚� 瓴届毎 45,057,673 韥措灅鞀� A 靸侂嫻 欤检嫕鞚搓碃 Hoffmann鞚� 瓴届毎 45,329,781欤茧, 瓿店皽霅� 攵勲 旮办鞙茧 頃措嫻 韥措灅鞀れ潣 鞎� 13.8%(Hoffmann鞚� 13.9%)鞐� 頃措嫻頃╇媹雼�. Schedule鞚� 韥措灅鞀� B 鞚橁舶甓� 欤检嫕鞐� 雽�頃� 瓿惦彊鞚� 鞚橁舶甓� 氚� 觳橂秳 甓岉暅鞚� 攵�鞐晿電� 欤检＜臧� 瓿勳暯瓿� 2025雲� 3鞗� 31鞚检瀽 甑愴櫂瓿勳暯鞚� 鞚茧秬 彀届梾鞛愲摛 靷澊鞐愳劀 5,729,180欤检潣 韥措灅鞀� B 鞚橁舶甓� 欤检嫕鞚� 韥措灅鞀� A 欤检嫕鞚� 韸轨爼 靻岇暋 氚办爼鞙茧 鞝勴櫂頄堧嫟瓿� 靹る獏頃╇媹雼�. 鞝滌稖靹滊姅 霕愴暅 韥措灅鞀� B 鞚橁舶甓� 欤检嫕 10欤缄皜 欤检＜ 鞀轨澑鞚� 臁瓣贝鞙茧 韥措灅鞀� A 氤错喌欤� 1欤茧 鞝勴櫂霅滊嫟瓿� 氚濏瀳氅�, 攴� 鞝勴櫂鞚� 鞁れ鞝� 靻岇湢甓� 氤搓碃 氇╈爜鞐� 頃滍暣 鞝勴櫂霅� 瓴冹溂搿� 旆笁霅滊嫟瓿� 雿щ稒鞛呺媹雼�.
Des initi茅s d'On Holding AG ont d茅pos茅 conjointement un Schedule 13G/A signalant une participation b茅n茅ficiaire importante et des accords de vote coordonn茅s. Quatre fondateurs 鈥� David Allemann, Olivier Bernhard, Caspar Coppetti et Martin Hoffmann 鈥� d茅clarent une participation b茅n茅ficiaire que le document pr茅sente sur la base de la conversion des actions de classe B avec droits de vote en actions ordinaires de classe A 脿 des fins de d茅claration.
Le d茅p么t indique des avoirs b茅n茅ficiaires agr茅g茅s d茅clar茅s par personne de 45,057,673 actions 茅quivalentes de classe A pour MM. Allemann, Bernhard et Coppetti, et de 45,329,781 pour M. Hoffmann, repr茅sentant environ 13,8% (13,9% pour Hoffmann) de la cat茅gorie selon les d茅nominateurs divulgu茅s. Le Schedule d茅crit un pacte d'actionnaires qui attribue des pouvoirs de vote et de disposition partag茅s sur les actions de classe B avec droits de vote et un Exchange Agreement du 31 mars 2025 qui a converti 5,729,180 actions de classe B avec droits de vote en petites allocations sp茅cifiques d'actions de classe A entre certains fondateurs. Le d茅p么t pr茅cise 茅galement que dix actions de classe B avec droits de vote se convertissent en une action ordinaire de classe A sous r茅serve de l'approbation des actionnaires, et que cette conversion est trait茅e comme r茅alis茅e uniquement aux fins de la d茅claration de la participation b茅n茅ficiaire.
Insider von On Holding AG haben gemeinsam ein Schedule 13G/A eingereicht, in dem sie wesentliche wirtschaftliche Beteiligungen und koordinierte Stimmrechtsvereinbarungen melden. Vier Gr眉nder 鈥� David Allemann, Olivier Bernhard, Caspar Coppetti und Martin Hoffmann 鈥� geben eine wirtschaftliche Beteiligung an, die in der Meldung auf Basis der Umrechnung von Class B Voting Rights Shares in Class A Ordinary Shares f眉r Berichtszwecke dargestellt wird.
Die Einreichung zeigt aggregierte meldepflichtige Best盲nde pro Person von 45,057,673 Class鈥慉鈥懨uivalenten Aktien f眉r die Herren Allemann, Bernhard und Coppetti und 45,329,781 f眉r Herrn Hoffmann, was nach den offengelegten Nennern etwa 13,8% (f眉r Hoffmann 13,9%) der Klasse entspricht. Das Schedule beschreibt einen Aktion盲rsvertrag, der gemeinschaftliche Stimm鈥� und Verf眉gungsbefugnisse 眉ber die Class鈥態鈥慥oting鈥慠ights鈥慡hares zuordnet, sowie ein Exchange Agreement vom 31. M盲rz 2025, das 5,729,180 Class鈥態鈥慥oting鈥慠ights鈥慡hares in bestimmte kleine Zuteilungen von Class鈥慉鈥慉ktien an einzelne Gr眉nder umwandelte. Die Einreichung erl盲utert au脽erdem, dass zehn Class鈥態鈥慥oting鈥慠ights鈥慡hares in eine Class鈥慉鈥慜rdinary鈥慡hare konvertiert werden, sobald die Aktion盲re zustimmen, und dass diese Umrechnung ausschlie脽lich f眉r die Meldung der wirtschaftlichen Beteiligung als erfolgt behandelt wird.
FAQ
Who filed the Schedule 13G/A for On Holding (ONON)?
How many Class A-equivalent shares does each Reporting Person report owning?
What percentage of the class do those holdings represent for ONON?
How are Class B voting rights shares treated in this filing?
Did the filing reference any specific transaction reallocating shares?
What governance arrangements among the founders are disclosed?
