Director Daniel Valdez reports 25,000 Codere Online (CDRO) shares via LP

Rhea-AI Filing Summary

Codere Online Luxembourg, S.A. director Daniel Valdez filed an initial ownership report showing indirect beneficial ownership of 25,000 Ordinary Shares. The shares are held through Valhala Limited Partnership, where he is a 99.9% limited partner and exercises voting and dispositive power over these shares.

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^*

Valdez Franco Daniel

(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	25,000	I	By Valhala Limited Partnership(1)

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

Explanation of Responses:

1. Represents Ordinary Shares beneficially owned by Valhala Limited Partnership. Daniel Valdez is a limited partner of Valhala Limited Partnership, holds 99.9% of Valhala Limited Partnership and exercises voting and dispositive power of the Ordinary Shares beneficially owned by Valhala Limited Partnership.

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 does Codere Online (CDRO) director Daniel Valdez report in this Form 3?

Daniel Valdez reports indirect beneficial ownership of 25,000 Codere Online Ordinary Shares. The filing is an initial ownership statement, indicating his existing stake rather than a new purchase or sale of shares.

How are Daniel Valdez’s Codere Online (CDRO) shares held?

The 25,000 Ordinary Shares are held by Valhala Limited Partnership. Daniel Valdez is a 99.9% limited partner of Valhala and, according to the filing, exercises voting and dispositive power over the shares owned by the partnership.

Is the Codere Online (CDRO) Form 3 a buy or sell transaction?

The Form 3 does not report a buy or sell transaction. It is an initial statement of beneficial ownership, listing 25,000 Ordinary Shares held indirectly through Valhala Limited Partnership under Daniel Valdez’s voting and dispositive control.

What level of control does Daniel Valdez have over Valhala’s Codere Online (CDRO) shares?

The filing states that Daniel Valdez holds 99.9% of Valhala Limited Partnership and exercises voting and dispositive power over its 25,000 Codere Online Ordinary Shares, indicating effective control over how those shares are voted or sold.

Why is Codere Online (CDRO) filing a Form 3 for Daniel Valdez?

Form 3 is required when an insider such as a director initially becomes subject to reporting rules. This filing records Daniel Valdez’s indirect beneficial ownership of 25,000 Ordinary Shares through Valhala Limited Partnership at the time he is reportable.