Cécile BELIOT-ZIND

Cécile BELIOT-ZIND (board member) discloses dealings in Hermès International to AMF. Over a trading history stretching from 22 May 2025 to 19 September 2025, the count stands at 3 filings.

Purchases make up the whole of the open-market record (3 purchases, €183k). A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant.

A typical purchase (the median) is worth €65k. Of 3 purchases, 1 formed part of a group of insiders buying within 30 days of each other. Purchases made close together by different insiders form what is called a cluster. For 3 purchases whose 90-day window has closed, the share price was higher on day 90 than the day after publication in 33% of cases, with a median move of -8.4%. This is a record of the past, not a forecast.

On 22 September 2025 came the latest disclosure, an open-market purchase for €45k in Hermès International. Typically, a trade is published a median of 4 days after it takes place. For comparison, MAR article 19 gives managers three business days to notify a trade. These figures are compiled from regulatory filings published by AMF. They describe what insiders did and are not a recommendation.