A Form 144 notice of proposed sale was filed on October 27, 2026, disclosing that Ermenegildo Zegna N.V. director Michele Norsa intends to sell 8,000 ordinary shares of the luxury fashion company through JP Morgan Securities LLC on the New York Stock Exchange.

Key Highlights

  • Seller and role: Michele Norsa, identified as a Director of Ermenegildo Zegna N.V.
  • Shares proposed for sale: 8,000 ordinary shares, nominal value EUR0.02 per share, with an aggregate market value of $107,280.
  • Reference price: The aggregate market value is based on a closing price of U.S.$13.41 per ordinary share on October 26, 2026.
  • Shares outstanding: 268,889,388 ordinary shares issued and outstanding as of June 30, 2026.
  • Source of shares: Shares were acquired as director remuneration from Ermenegildo Zegna N.V., in two tranches: 7,846 shares on June 24, 2024, and 7,640 shares on February 5, 2025, both for services rendered.
  • Recent prior sales: The filing reports nothing to report for securities sold during the past three months.
  • Broker: JP Morgan Securities LLC, Via Cordusio 3, Milan, is named as the executing broker.

Michele Norsa's Proposed Share Sale at Ermenegildo Zegna N.V.

Ermenegildo Zegna N.V. (NYSE:ZGN) is an Italy-based luxury fashion company headquartered in Valdilana, whose ordinary shares carry a nominal value of EUR0.02 each and trade on the New York Stock Exchange. The proposed sale disclosed in this filing involves shares that Michele Norsa, a current director of the company, received as part of director remuneration rather than through an open-market purchase.

According to the filing, the 8,000 shares proposed for sale were drawn from two director remuneration grants: 7,846 shares acquired on June 24, 2024, and 7,640 shares acquired on February 5, 2025, both from Ermenegildo Zegna N.V. and both classified as payment for services rendered. The aggregate market value of the proposed sale is stated as $107,280, calculated using the closing market price of U.S.$13.41 per ordinary share on October 26, 2026, as noted in the filing's remarks section.

The filing confirms that Norsa reported no sales of Zegna securities in the three months preceding this notice. The shares outstanding figure of 268,889,388 is attributed by the filing to the issuer's Form 6-K furnished to the U.S. Securities and Exchange Commission on September 3, 2026, reflecting the count as of June 30, 2026. The notice was signed by Delphine Carole Gieux as attorney-in-fact on October 27, 2026.

What Was Disclosed

This filing is a Rule 144 notice in which Ermenegildo Zegna N.V. director Michele Norsa proposed to sell 8,000 ordinary shares, valued at approximately $107,280 based on an October 26, 2026 closing price, through JP Morgan Securities LLC on the NYSE.