Codere Online (CDRO) director details shares and long-dated options

Rhea-AI Filing Summary

Codere Online Luxembourg, S.A. director Moshe Edree filed an initial ownership statement showing 333,051 Ordinary Shares held directly, including 74,217 shares underlying restricted share units that vest on December 31, 2026. He also reports several option grants over Ordinary Shares with exercise prices between $8.03 and $10.00, expiring from 2027 through 2036, with portions already vested and the remainder vesting in scheduled annual installments.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Edree Moshe

(Last) (First) (Middle)

7 RUE ROBERT STUMPER

(Street)

LUXEMBOURG L-2557

(City) (State) (Zip)

LUXEMBOURG

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Codere Online Luxembourg, S.A. [ CDRO ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	333,051(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Ordinary Share Option (right to buy)	(2)	12/31/2027	Ordinary Shares	87,093	$10	D
Ordinary Share Option (right to buy)	(3)	01/01/2034	Ordinary Shares	125,000	$8.49	D
Ordinary Share Option (right to buy)	(4)	01/01/2035	Ordinary Shares	110,000	$8.49	D
Ordinary Share Option (right to buy)	(5)	01/01/2036	Ordinary Shares	110,000	$8.03	D

Explanation of Responses:

1. Includes 74,217 ordinary shares underlying restricted share units that will vest on December 31, 2026.

2. Represents options granted under the Company's prior long-term incentive plan, of which 69,672 have vested. The remaining 17,421 unvested options vest on December 31, 2026.

3. Represents options granted under the Company's long-term incentive plan ("LTIP"), of which 62,500 have vested. The remaining 62,500 unvested options vest in two equal annual installments on December 31, 2027 and December 31, 2028.

4. Represents options granted under the LTIP, of which 27,500 have vested. The remaining 82,500 unvested options vest in three equal annual installments on December 31, 2027, December 31, 2028 and December 31, 2029.

5. Represents options granted under the LTIP. These options vest in four equal annual installments on December 31, 2027, December 31, 2028, December 31, 2029 and December 31, 2030.

Remarks:

See Exhibit 24 - Power of Attorney.

	/s/ Yaiza Maria Rodriguez Robles, attorney-in-fact	03/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Codere Online (CDRO) director Moshe Edree report in this Form 3?

He reports his initial beneficial ownership in Codere Online, including 333,051 Ordinary Shares held directly and multiple option grants over Ordinary Shares. The filing establishes his baseline equity position as a director at the time of reporting.

How many Codere Online (CDRO) shares does Moshe Edree directly own?

He directly holds 333,051 Ordinary Shares. This figure includes 74,217 shares underlying restricted share units scheduled to vest on December 31, 2026, giving a combined view of his current and near-term equity exposure to Codere Online.

What stock options over Codere Online (CDRO) shares does Moshe Edree hold?

He holds Ordinary Share Options with exercise prices of $10.00, $8.49 and $8.03, covering 87,093, 125,000, 110,000 and 110,000 underlying Ordinary Shares. These options expire between December 31, 2027 and January 1, 2036, providing long-dated equity incentives.

How many of Moshe Edree’s Codere Online (CDRO) options are already vested?

For one grant, 69,672 options are vested; for another, 62,500 are vested; and for a third, 27,500 are vested. The remaining portions of these grants vest in annual installments through December 31, 2029, according to the disclosed schedules.

When will Moshe Edree’s unvested Codere Online (CDRO) options vest?

Unvested options from earlier grants vest on December 31, 2026, and in equal annual installments on December 31 of 2027, 2028 and 2029. A later grant vests in four equal annual installments from December 31, 2027 through December 31, 2030.

What are the key vesting terms for Moshe Edree’s Codere Online (CDRO) restricted share units?

The filing states that 74,217 Ordinary Shares underlying restricted share units will vest on December 31, 2026. Once vested, these units convert into Ordinary Shares, increasing his directly held share count if he continues to hold them.