The dual Co-CEO open-market purchase is a strong vote of confidence. Monitor for upcoming earnings or product announcements that may have prompted the buys. The cross-filing amplifier for cluster-insider-trades + earnings context suggests this could precede positive news. Consider accumulating on weakness.
Price Chart
Executive Summary
Both Co-CEOs of On Holding AG made open-market purchases totaling ~$658K on May 14, 2026, at ~$35.97 per share. This is a rare and strong signal from the top executives, representing ~0.003% of the $23.5B market cap — a modest dollar amount but highly significant in terms of insider conviction and alignment with shareholders.
Key Financial Metrics
Key Facts
- Both Co-CEOs (Caspar Coppetti and David Allemann) purchased ~9,100 shares each on the same day at $35.97.
- Total cluster value: ~$658,000 in open-market purchases.
- Purchases represent ~0.003% of ONON's $23.5B market cap — small in relative size but highly symbolic from the top executives.
- No 10b5-1 pattern or regular selling schedule detected; these are discretionary open-market buys.
- Recent insider activity (30d) shows 2 buys totaling $658K and 2 sells totaling $300K, consistent with net insider accumulation.
Financial Impact
~$658K in insider purchases, ~0.003% of market cap
Risk Factors
- Insider purchases at this scale are small relative to market cap and may not move the stock alone.
- No explicit catalyst identified; the buys could be opportunistic rather than informational.
- Historical calibration shows score-6 reports on this segment have only a 38% win rate at T+20, with asymmetric downside (μ_l -13.2%).
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-1778849982831 |
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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