Codere Online (NASDAQ: CDRO) GC reports options and share stake

Rhea-AI Filing Summary

Codere Online Luxembourg, S.A. executive Yaiza Maria Rodriguez Robles, the General Counsel and Secretary of the Board, reports her equity holdings. She holds options over 36,642 ordinary shares at an exercise price of 10.0000 expiring on December 31, 2027, plus additional option grants over 37,000, 30,000 and 35,000 shares at exercise prices of 8.4900 and 8.0300 expiring between 2034 and 2036. She also directly owns 13,717 ordinary shares, including 3,756 shares underlying restricted share units that vest on December 31, 2026. Footnotes explain that portions of these options have already vested, with remaining tranches scheduled to vest annually from 2026 through 2030. This filing is an initial ownership report and does not show any new purchases or sales.

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^*

Rodriguez Robles Yaiza Maria

(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)
	GC & Sec of Board of Directors

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	13,717(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	36,642	$10	D
Ordinary Share Option (right to buy)	(3)	01/01/2034	Ordinary Shares	37,000	$8.49	D
Ordinary Share Option (right to buy)	(4)	01/01/2035	Ordinary Shares	30,000	$8.49	D
Ordinary Share Option (right to buy)	(5)	01/01/2036	Ordinary Shares	35,000	$8.03	D

Explanation of Responses:

1. Includes 3,756 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 29,312 have vested. The remaining 7,330 unvested options vest on December 31, 2026.

3. 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.

4. 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.

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.

	/s/ Yaiza Maria Rodriguez Robles	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) disclose in this Form 3 for Yaiza Maria Rodriguez Robles?

The filing shows Yaiza Maria Rodriguez Robles’ existing equity stake, including options on multiple blocks of ordinary shares and 13,717 directly held shares. It is an initial ownership report, not a record of new share purchases or sales.

How many Codere Online (CDRO) ordinary shares does Yaiza Maria Rodriguez Robles hold directly?

She directly holds 13,717 ordinary shares of Codere Online. This figure includes 3,756 shares underlying restricted share units scheduled to vest on December 31, 2026, giving her a mix of currently owned and time-based equity awards.

What stock options are reported for Yaiza Maria Rodriguez Robles in Codere Online (CDRO)?

She reports options over 36,642 ordinary shares at an exercise price of $10.0000 expiring December 31, 2027, plus options over 37,000, 30,000 and 35,000 shares at exercise prices of $8.4900 and $8.0300, expiring between 2034 and 2036.

How do the Codere Online (CDRO) option grants for Yaiza Maria Rodriguez Robles vest over time?

Footnotes state earlier option grants have partially vested, with remaining tranches vesting on December 31, 2026, and in equal annual installments on December 31 of 2027, 2028, 2029 and 2030, creating a staggered long-term incentive schedule.

Does this Codere Online (CDRO) Form 3 show any insider buying or selling by Yaiza Maria Rodriguez Robles?

No, the Form 3 lists her existing holdings and option awards but shows no buy or sell transactions. All entries are classified as holdings, making this a baseline disclosure of her current equity position in the company.