Codere Online (CDRO) CAO details option grants and share holdings

Rhea-AI Filing Summary

Codere Online Luxembourg, S.A. executive Amalia Lopez Castano, the Chief Accounting Officer, reports her equity holdings in the company. She directly holds 15,280 Ordinary Shares, including 4,361 shares underlying restricted share units scheduled to vest on December 31, 2026.

She also holds several option awards over Ordinary Shares: 29,833 options with a $10.0000 exercise price expiring on December 31, 2027; 32,000 options at $8.4900 expiring on January 1, 2034; 25,000 options at $8.4900 expiring on January 1, 2035; and 30,000 options at $8.0300 expiring on January 1, 2036. Portions of these grants have already vested, with remaining tranches vesting annually from 2026 through 2030 under the company’s long-term incentive plans.

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^*

Lopez Castano Amalia

(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 Accounting 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)
Ordinary Shares	15,280(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	29,833	$10	D
Ordinary Share Option (right to buy)	(3)	01/01/2034	Ordinary Shares	32,000	$8.49	D
Ordinary Share Option (right to buy)	(4)	01/01/2035	Ordinary Shares	25,000	$8.49	D
Ordinary Share Option (right to buy)	(5)	01/01/2036	Ordinary Shares	30,000	$8.03	D

Explanation of Responses:

1. Includes 4,361 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 21,318 have vested. The remaining 8,515 unvested options vest on December 31, 2026.

3. Represents options granted under the Company's long-term incentive plan ("LTIP"), of which 16,000 have vested. The remaining 16,000 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 6,250 have vested. The remaining 18,750 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	03/18/2026
	** 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 filing?

The filing discloses Chief Accounting Officer Amalia Lopez Castano’s existing equity holdings, including Ordinary Shares, restricted share units, and multiple option awards with specified exercise prices, vesting schedules, and expiration dates under Codere Online’s long-term incentive plans.

How many Codere Online Ordinary Shares does the CAO directly hold?

She directly holds 15,280 Ordinary Shares. This total includes 4,361 Ordinary Shares underlying restricted share units scheduled to vest on December 31, 2026, reflecting both currently owned stock and near-term time-based equity compensation.

What option awards over Codere Online (CDRO) shares are reported?

The CAO reports several option grants over Ordinary Shares: 29,833 options at $10.0000, 32,000 and 25,000 options each at $8.4900, and 30,000 options at $8.0300, all with clearly defined expiration dates between 2027 and 2036.

When do Amalia Lopez Castano’s Codere Online options expire?

The reported options expire on December 31, 2027, January 1, 2034, January 1, 2035, and January 1, 2036. These staggered expiration dates create a long-dated incentive structure aligned with Codere Online’s multi-year performance horizon.

How are the Codere Online option grants under the LTIP vesting?

Some options have already vested, while remaining portions vest in annual installments. Unvested tranches are scheduled to vest on December 31 dates from 2026 through 2030, according to the company’s long-term incentive plan and related footnote disclosures.

Does this Codere Online Form 3 show new insider buying or selling?

No new buying or selling activity is shown. The entries are characterized as holdings, indicating Amalia Lopez Castano is reporting existing share and option positions rather than recent market transactions or exercises.