Two top executives at On Holding AG — Co-CEO Caspar Coppetti and Executive Officer Bernhard Olivier — each purchased $2M worth of ONON shares in open-market transactions on August 14, 2026, for a combined $3.99M. This is a strong insider buy cluster from the highest levels of management, representing a material vote of confidence at a $19.4B market cap company with 83% analyst bullishness. The cluster is amplified by the company's strong historical performance on prior bullish calls and the cross-filing actuarial verdicts confirming insider-trade clusters as amplifiers.
Price Chart
Executive Summary
Two top executives at On Holding AG — Co-CEO Caspar Coppetti and Executive Officer Bernhard Olivier — each purchased $2M worth of ONON shares in open-market transactions on August 14, 2026, for a combined $3.99M. This is a strong insider buy cluster from the highest levels of management, representing a material vote of confidence at a $19.4B market cap company with 83% analyst bullishness. The cluster is amplified by the company's strong historical performance on prior bullish calls and the cross-filing actuarial verdicts confirming insider-trade clusters as amplifiers.
Key Financial Metrics
Key Facts
- Co-CEO Caspar Coppetti purchased 65,000 shares at $30.67 for $1.99M in open-market transaction
- Executive Officer Bernhard Olivier purchased 65,000 shares at $30.67 for $1.99M in open-market transaction
- Total insider cluster value: $3.99M, representing approximately 0.02% of ONON's $19.4B market cap
- Both purchases occurred on the same day (August 14, 2026) at the same price, indicating coordinated conviction
- No insider sales were reported in the cluster window — net direction is entirely buying
Financial Impact
$3.99M in insider purchases, representing ~0.02% of market cap
Risk Factors
- The $3.99M cluster represents only 0.02% of market cap, which is below the 0.1% proportionality threshold for materiality in absolute terms
- Insider buying at a $19.4B market cap company carries less signal per dollar than at a small-cap
- No specific catalyst is identified — the buying may reflect long-term conviction rather than near-term event anticipation
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ONON-1786969483795 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 17, 2026 6w ago | Insider Cluster | $31.31 $26.76 | ▼ −14.53% | ▼ −12.55% | $30.85 (−1.47%) |
Aug 11, 2026 7w ago | 6-K | $30.91 $26.84 | ▼ −13.17% | ▼ −12.11% | $30.85 (−0.19%) |
Jul 6, 2026 12w ago | 144 | $36.62 $37.95 | ▲ +3.63% | ▲ +2.30% | $30.85 (−15.76%) |
May 28, 2026 18w ago | 6-K | $40.82 $35.42 | ▼ −13.23% | ▼ −11.43% | $30.85 (−24.42%) |
May 15, 2026 20w ago | Insider Cluster | $37.26 $38.69 | ▲ +3.84% | ▲ +1.72% | $30.85 (−17.20%) |
May 13, 2026 20w ago | 144 | $36.84 $38.58 | ▲ +4.72% | ▲ +5.58% | $30.85 (−16.26%) |
May 12, 2026 20w ago | 6-K | $33.83 $38.00 | ▲ +12.33% | ▲ +14.05% | $30.85 (−8.81%) |
Apr 17, 2026 24w ago | 6-K | $37.25 $38.10 | ▲ +2.28% | ▼ −1.92% | $30.85 (−17.18%) |
US Market Status
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