Codere Online (CDRO) CFO granted 50,000 options under incentive plan

Rhea-AI Filing Summary

Codere Online Luxembourg, S.A. reported its Chief Financial Officer, Marcus Kai Arildsson, as an insider holder of equity awards. He holds options to buy 50,000 Ordinary Shares at an exercise price of $8.03 per share, expiring on January 1, 2036. According to the footnote, these options were granted under the company’s long-term incentive plan and vest in four equal annual installments on December 31, 2027, December 31, 2028, December 31, 2029 and December 31, 2030. The filing does not show any open-market buying or selling activity, only the reporting of this compensatory option position held directly by the CFO.

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Arildsson Marcus Kai

(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)

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

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)

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)	(1)	01/01/2036	Ordinary Shares	50,000	$8.03	D

Explanation of Responses:

1. Represents options granted under the Company's long-term incentive plan. 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	03/25/2026
	** 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 did Codere Online (CDRO) disclose in this Form 3 filing?

Codere Online reported that its CFO, Marcus Kai Arildsson, holds options to buy 50,000 Ordinary Shares. These options are part of the long-term incentive plan, with a fixed exercise price and multi-year vesting schedule, and no open-market trades were reported.

How many Codere Online (CDRO) shares can the CFO acquire under these options?

The CFO can acquire up to 50,000 Codere Online Ordinary Shares through these options. Each option has an exercise price of $8.03 per share, representing a long-term equity incentive rather than an immediate share purchase or sale in the market.

What is the exercise price and expiration date of the Codere Online (CDRO) CFO’s options?

The options have an exercise price of $8.03 per Codere Online Ordinary Share and expire on January 1, 2036. This long-dated expiration gives the CFO a lengthy window to exercise once the options vest over the scheduled years.

When do the Codere Online (CDRO) CFO’s stock options vest?

The options vest in four equal annual installments on December 31, 2027, 2028, 2029 and 2030. This vesting schedule aligns the CFO’s incentives with Codere Online’s long-term performance over several years, rather than providing immediate fully vested equity.

Does this Codere Online (CDRO) Form 3 show any insider buying or selling of shares?

No, the Form 3 does not show open-market buying or selling of Codere Online shares. It only reports the CFO’s compensatory option holdings under the long-term incentive plan, reflecting potential future share acquisitions if the options are exercised after vesting.

Is the Codere Online (CDRO) CFO’s option holding direct or indirect ownership?

The filing classifies the CFO’s option position as direct ownership. This means the options are held in his own name rather than through a trust, partnership, or other entity, and relate to potential future ownership of Codere Online Ordinary Shares upon exercise.