The founders of On sell their shares en masse

The founders of On sell their shares en masse
The founders of On sell their shares en masse

The Swiss sports shoe specialist We are breaking record after record. At 2e quarter, its turnover increased by 28% to reach 568 million francs. The share price listed on the New York Stock Exchange has logically taken the elevator with an increase of 65% since the start of the year, approaching its historic high of November 2021. This improvement has pushed six managers d’On, including the three founders, to part with packages of shares. Together, they sold $83 million worth of shares, according to the Swiss portal Tippinpoint. Caspar Coppetti, co-founder, sold the largest package, worth $23.4 million. David Allemann, also a co-founder, sold shares for $19.7 million, while Kenneth Fox, an independent director on the On Holding board since 2018, pocketed $14.8 million. As for the third co-founder, Olivier Bernhard, he sold $11.3 million worth of shares. Finally, the CEO tandem composed of Marc Maurer and Martin Hoffmann sold for 9.9 million and 4 million dollars respectively.

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