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            <ns2:liveTestFlag>LIVE</ns2:liveTestFlag>



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            <ns2:issuerAddress>
                <com:street1>Forrlibuckstrasse 190</com:street1>
                <com:city>Zurich</com:city>
                <com:stateOrCountry>V8</com:stateOrCountry>
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            </ns2:issuerAddress>
            <ns2:issuerContactPhone>41-44-225-15-55</ns2:issuerContactPhone>
            <ns2:nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Marc Maurer</ns2:nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
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                <ns2:address>
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                    <com:city>New York</com:city>
                    <com:stateOrCountry>NY</com:stateOrCountry>
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            <ns2:securitiesExchangeName>NYSE</ns2:securitiesExchangeName>
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            <ns2:acquiredDate>12/21/2017</ns2:acquiredDate>
            <ns2:natureOfAcquisitionTransaction>Acquired from Issuer in private transaction</ns2:natureOfAcquisitionTransaction>
            <ns2:nameOfPersonfromWhomAcquired>Issuer</ns2:nameOfPersonfromWhomAcquired>
            <ns2:isGiftTransaction>N</ns2:isGiftTransaction>
            <ns2:amountOfSecuritiesAcquired>524041</ns2:amountOfSecuritiesAcquired>
            <ns2:paymentDate>12/21/2017</ns2:paymentDate>
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                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
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                    <com:stateOrCountry>V8</com:stateOrCountry>
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                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
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            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
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                    <com:stateOrCountry>V8</com:stateOrCountry>
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                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
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            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>09/04/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>120000</ns2:amountOfSecuritiesSold>
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            <ns2:sellerDetails>
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                <ns2:address>
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                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
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            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Ordinary Shares</ns2:securitiesClassTitle>
            <ns2:saleDate>08/12/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>5282</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>212590.26</ns2:grossProceeds>
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                    <com:zipCode>8005</com:zipCode>
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                    <com:zipCode>8005</com:zipCode>
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                <ns2:name>Marc Maurer</ns2:name>
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                    <com:city>Zurich</com:city>
                    <com:stateOrCountry>V8</com:stateOrCountry>
                    <com:zipCode>8005</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
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            <ns2:amountOfSecuritiesSold>5282</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>196772.73</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Marc Maurer</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>07/08/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>5282</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>198958.3</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Marc Maurer</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>07/01/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>5282</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>201419.01</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:remarks>The sales of shares set forth herein are made in connection with a selling plan dated 6/4/2024 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>10/01/2024</ns2:noticeDate>
            <ns2:planAdoptionDates>
                <ns2:planAdoptionDate>06/04/2024</ns2:planAdoptionDate>
            </ns2:planAdoptionDates>
            <ns2:signature>Goldman Sachs &amp; Co. LLC on behalf of Marc Maurer</ns2:signature>
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144
0001859787
XXXXXXXX
LIVE
0001858985
On Holding AG
001-40795
Forrlibuckstrasse 190
Zurich
V8
8005
41-44-225-15-55
Marc Maurer
Officer
Class A Ordinary Shares
Goldman Sachs & Co. LLC
200 West Street
New York
NY
10282
524041
26280656
284215277
10/01/2024
NYSE
Class A Ordinary Shares
12/21/2017
Acquired from Issuer in private transaction
Issuer
N
524041
12/21/2017
NA
N
Marc Maurer
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
09/30/2024
5282
265298.52
Marc Maurer
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
09/23/2024
5282
266846.13
Marc Maurer
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
09/16/2024
5282
261731.47
Marc Maurer
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
09/09/2024
5282
236040.54
Marc Maurer
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
09/04/2024
120000
5488812
Marc Maurer
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
09/03/2024
5282
244992.35
Marc Maurer
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
08/26/2024
45282
2059125.6
Marc Maurer
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
08/19/2024
5282
223877.68
Marc Maurer
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
08/12/2024
5282
212590.26
Marc Maurer
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
08/05/2024
5282
196896.72
Marc Maurer
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
07/29/2024
5282
211180.45
Marc Maurer
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
07/22/2024
5282
211437.5
Marc Maurer
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
07/15/2024
5282
196772.73
Marc Maurer
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
07/08/2024
5282
198958.3
Marc Maurer
Forrlibuckstrasse 190
Zurich
V8
8005
Class A Ordinary Shares
07/01/2024
5282
201419.01
The sales of shares set forth herein are made in connection with a selling plan dated 6/4/2024 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.
10/01/2024
06/04/2024
Goldman Sachs & Co. LLC on behalf of Marc Maurer