<?xml version="1.0" encoding="UTF-8"?><ns2:edgarSubmission xmlns:com="http://www.sec.gov/edgar/common" xmlns:ns2="http://www.sec.gov/edgar/ownership">
    <ns2:headerData>
        <ns2:submissionType>144</ns2:submissionType>
        <ns2:filerInfo>
            <ns2:filer>
                <ns2:filerCredentials>
                    <ns2:cik>0001859889</ns2:cik>
                    <ns2:ccc>XXXXXXXX</ns2:ccc>
                </ns2:filerCredentials>
            </ns2:filer>
            <ns2:liveTestFlag>LIVE</ns2:liveTestFlag>



        </ns2:filerInfo>
    </ns2:headerData>
    <ns2:formData>
        <ns2:issuerInfo>
            <ns2:issuerCik>0001858985</ns2:issuerCik>
            <ns2:issuerName>On Holding AG</ns2:issuerName>
            <ns2:secFileNumber>001-40795</ns2:secFileNumber>
            <ns2:issuerAddress>
                <com:street1>Forrlibuckstrasse 190</com:street1>
                <com:city>Zurich</com:city>
                <com:stateOrCountry>V8</com:stateOrCountry>
                <com:zipCode>8005</com:zipCode>
            </ns2:issuerAddress>
            <ns2:issuerContactPhone>41-44-225-1555</ns2:issuerContactPhone>
            <ns2:nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Olivier Bernhard</ns2:nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <ns2:relationshipsToIssuer>
                <ns2:relationshipToIssuer>Other: Co-Founder</ns2:relationshipToIssuer>
            </ns2:relationshipsToIssuer>
        </ns2:issuerInfo>
        <ns2:securitiesInformation>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:brokerOrMarketmakerDetails>
                <ns2:name>Goldman Sachs &amp; Co. LLC</ns2:name>
                <ns2:address>
                    <com:street1>200 West Street</com:street1>
                    <com:city>New York</com:city>
                    <com:stateOrCountry>NY</com:stateOrCountry>
                    <com:zipCode>10282</com:zipCode>
                </ns2:address>
            </ns2:brokerOrMarketmakerDetails>
            <ns2:noOfUnitsSold>234050</ns2:noOfUnitsSold>
            <ns2:aggregateMarketValue>12783811</ns2:aggregateMarketValue>
            <ns2:noOfUnitsOutstanding>288759656</ns2:noOfUnitsOutstanding>
            <ns2:approxSaleDate>01/06/2025</ns2:approxSaleDate>
            <ns2:securitiesExchangeName>NYSE</ns2:securitiesExchangeName>
        </ns2:securitiesInformation>
        <ns2:securitiesToBeSold>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:acquiredDate>01/12/2010</ns2:acquiredDate>
            <ns2:natureOfAcquisitionTransaction>Acquired from Issuer in private transaction</ns2:natureOfAcquisitionTransaction>
            <ns2:nameOfPersonfromWhomAcquired>Issuer</ns2:nameOfPersonfromWhomAcquired>
            <ns2:isGiftTransaction>N</ns2:isGiftTransaction>
            <ns2:amountOfSecuritiesAcquired>234050</ns2:amountOfSecuritiesAcquired>
            <ns2:paymentDate>01/12/2010</ns2:paymentDate>
            <ns2:natureOfPayment>N/A</ns2:natureOfPayment>
        </ns2:securitiesToBeSold>
        <ns2:nothingToReportFlagOnSecuritiesSoldInPast3Months>N</ns2:nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>10/07/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>7850</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>396656.75</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>10/08/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>1</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>52.58</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>10/14/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>7850</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>386426.48</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>10/21/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>7850</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>376589.14</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>10/28/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>7850</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>398735.86</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>11/04/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>31850</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>1490706.32</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>11/06/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>2020</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>98520.07</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>11/07/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>17980</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>899253.03</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>11/11/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>75000</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>3967108.06</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>11/12/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>75000</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>3944221.16</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>11/13/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>75000</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>4053864.26</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>11/14/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>75000</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>3985721.19</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>11/15/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>802</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>41838.92</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>11/18/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>7898</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>402838.21</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>11/19/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>6999</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>372868.71</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>11/22/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>75000</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>4364331.68</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>11/25/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>75000</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>4380482.65</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>11/26/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>75000</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>4356096.93</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>11/27/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>23293</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>1348569.49</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>11/29/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>59557</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>3468597.46</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>12/02/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>51850</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>3042236.86</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>12/09/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>7850</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>436147.26</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>12/16/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>7850</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>455380.33</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>12/23/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>7850</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>444483.82</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Olivier Bernhard</ns2:name>
                <ns2:address>
                    <com:street1>Forrlibuckstrasse 190</com:street1>
                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>12/30/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>7850</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>432626.88</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:remarks>The sales of shares set forth herein are made in connection with a selling plan dated 6/1/2024 that is intended to comply with Rule 10b5-1(c). The representation below regarding the seller's knowledge of material information was true as of the date the selling plan was entered into.</ns2:remarks>
        <ns2:noticeSignature>
            <ns2:noticeDate>01/06/2025</ns2:noticeDate>
            <ns2:planAdoptionDates>
                <ns2:planAdoptionDate>06/01/2024</ns2:planAdoptionDate>
            </ns2:planAdoptionDates>
            <ns2:signature>Goldman Sachs &amp; Co. LLC on behalf of Olivier Bernhard</ns2:signature>
        </ns2:noticeSignature>
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144
0001859889
XXXXXXXX
LIVE
0001858985
On Holding AG
001-40795
Forrlibuckstrasse 190
Zurich
V8
8005
41-44-225-1555
Olivier Bernhard
Other: Co-Founder
Class A Ordinary Shares
Goldman Sachs & Co. LLC
200 West Street
New York
NY
10282
234050
12783811
288759656
01/06/2025
NYSE
Class A Ordinary Shares
01/12/2010
Acquired from Issuer in private transaction
Issuer
N
234050
01/12/2010
N/A
N
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
10/07/2024
7850
396656.75
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
10/08/2024
1
52.58
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
10/14/2024
7850
386426.48
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
10/21/2024
7850
376589.14
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
10/28/2024
7850
398735.86
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
11/04/2024
31850
1490706.32
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
11/06/2024
2020
98520.07
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
11/07/2024
17980
899253.03
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
11/11/2024
75000
3967108.06
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
11/12/2024
75000
3944221.16
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
11/13/2024
75000
4053864.26
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
11/14/2024
75000
3985721.19
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
11/15/2024
802
41838.92
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
11/18/2024
7898
402838.21
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
11/19/2024
6999
372868.71
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
11/22/2024
75000
4364331.68
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
11/25/2024
75000
4380482.65
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
11/26/2024
75000
4356096.93
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
11/27/2024
23293
1348569.49
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
11/29/2024
59557
3468597.46
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
12/02/2024
51850
3042236.86
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
12/09/2024
7850
436147.26
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
12/16/2024
7850
455380.33
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
12/23/2024
7850
444483.82
Olivier Bernhard
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
12/30/2024
7850
432626.88
The sales of shares set forth herein are made in connection with a selling plan dated 6/1/2024 that is intended to comply with Rule 10b5-1(c). The representation below regarding the seller's knowledge of material information was true as of the date the selling plan was entered into.
01/06/2025
06/01/2024
Goldman Sachs & Co. LLC on behalf of Olivier Bernhard