Codere Online (NASDAQ: CDRO) CMO details initial share and option stake
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Codere Online Luxembourg, S.A. filed an initial insider report for Chief Marketing Officer Alberto Hernan Telias, detailing his equity holdings in the company. He directly holds 25,776 ordinary shares, including 5,156 shares underlying restricted share units scheduled to vest on December 31, 2026.
He also holds several option awards over ordinary shares with different exercise prices and maturities. These include options over 50,324 shares at an exercise price of $10.0000 expiring on December 31, 2027, and additional option grants at exercise prices of $8.4900 and $8.0300 with expirations ranging from 2034 to 2036, some of which are already vested and the remainder vesting in annual installments through 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Telias Alberto Hernan
Role
Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Share Option (right to buy) | -- | -- | -- |
| holding | Ordinary Share Option (right to buy) | -- | -- | -- |
| holding | Ordinary Share Option (right to buy) | -- | -- | -- |
| holding | Ordinary Share Option (right to buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Share Option (right to buy) — 50,324 shares (Direct);
Ordinary Shares — 25,776 shares (Direct)
Footnotes (1)
- Includes 5,156 ordinary shares underlying restricted share units that will vest on December 31, 2026. Represents options granted under the Company's prior long-term incentive plan, of which 40,256 have vested. The remaining 10,068 unvested options vest on December 31, 2026. Represents options granted under the Company's long-term incentive plan ("LTIP"), of which 18,500 have vested. The remaining 18,500 unvested options vest in two equal annual installments on December 31, 2027 and December 31, 2028. Represents options granted under the LTIP, of which 7,500 have vested. The remaining 22,500 unvested options vest in three equal annual installments on December 31, 2027, December 31, 2028 and December 31, 2029. 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.
FAQ
What insider position does CDRO’s Alberto Hernan Telias report on this Form 3?
Alberto Hernan Telias, Chief Marketing Officer of Codere Online Luxembourg (CDRO), reports his initial holdings of ordinary shares and stock options. The filing shows direct ownership of common shares plus multiple option grants with varying exercise prices and maturities extending through 2036.
How are the CDRO option grants for the CMO structured in terms of vesting?
The option grants are structured with both vested and unvested portions. Footnotes state that some options have already vested, while remaining tranches vest in equal annual installments on December 31 in years from 2026 through 2030, aligning incentives over multiple years.
Does this CDRO Form 3 show any recent insider buying or selling activity?
The Form 3 functions as an initial ownership report and lists existing holdings rather than new trades. The transactions are classified as holdings with unknown transaction codes, and summary data show no recorded buy, sell, exercise, gift, or tax-withholding activity in this filing.
What long-term incentive plans are referenced in the CDRO CMO’s Form 3 footnotes?
Footnotes state that some options were granted under the company’s prior long-term incentive plan, while others were granted under the current long-term incentive plan (LTIP). These awards include both vested options and unvested tranches that vest in annual installments through December 31, 2030.