Director of Codere Online (NASDAQ: CDRO) sells 2,430 shares, retains 121,199

Rhea-AI Filing Summary

Codere Online Luxembourg, S.A. director Oscar Iglesias Sanchez reported open-market sales of 2,430 Ordinary Shares at $10.00 per share across two transactions. After these sales, he directly holds 121,199 Ordinary Shares, indicating he retains a substantial equity position in the company.

Insider Trade Summary

Net Seller: 2,430 shares ($24,300)

Net Sell 2 txns

Insider Iglesias Sanchez Oscar

Role null

Sold 2,430 shs ($24K)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares	300	$10.00	$3K
Sale	Ordinary Shares	2,130	$10.00	$21K

Holdings After Transaction: Ordinary Shares — 121,199 shares (Direct, null)

Footnotes (1)

Key Figures

Total shares sold: 2,430 shares Sale price: $10.00 per share Post-transaction holdings: 121,199 shares +2 more

5 metrics

Total shares sold 2,430 shares Open-market sales reported in Form 4

Sale price $10.00 per share Price for each reported sale transaction

Post-transaction holdings 121,199 shares Ordinary Shares held directly after sales

Shares sold in larger trade 2,130 shares Ordinary Shares sold on 2026-06-12

Shares sold in smaller trade 300 shares Ordinary Shares sold on 2026-06-15

Key Terms

Ordinary Shares, open-market sale, transaction code "S", Form 4

4 terms

Ordinary Shares financial

"security_title: "Ordinary Shares" for each transaction"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

open-market sale financial

"transaction_action: "open-market sale" for both transactions"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

transaction code "S" financial

"transaction_code_description: "Sale in open market or private transaction""

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Iglesias Sanchez Oscar

(Last) (First) (Middle)

7 RUE ROBERT STUMPER

(Street)

LUXEMBOURG GRAND DUCHY OF LUXEMBOURG L-2557

(City) (State) (Zip)

LUXEMBOURG

(Country)

2. Issuer Name and Ticker or Trading Symbol
Codere Online Luxembourg, S.A. [ CDRO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	06/12/2026		S		2,130	D	$10	121,499	D
Ordinary Shares	06/15/2026		S		300	D	$10	121,199	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Yaiza Maria Rodriguez Robles, attorney-in-fact	06/16/2026
	** 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 4 (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 4: SEC 1474 (03-26)

FAQ

What insider transactions did Codere Online (CDRO) report for Oscar Iglesias Sanchez?

Codere Online reported that director Oscar Iglesias Sanchez executed two open-market sales totaling 2,430 Ordinary Shares. These transactions occurred at a price of $10.00 per share, reflecting a modest reduction in his direct ownership stake.

At what price were the Codere Online (CDRO) shares sold by the director?

The reported sales by director Oscar Iglesias Sanchez were executed at $10.00 per Ordinary Share. This uniform sale price applies to both transactions disclosed in the filing, indicating consistent execution terms across the reported share disposals.

How many Codere Online (CDRO) shares did the director sell in total?

The director sold a total of 2,430 Ordinary Shares, consisting of 2,130 shares in one transaction and 300 shares in another. Both transactions were coded as open-market or private sales under SEC transaction code “S.”

How many Codere Online (CDRO) shares does Oscar Iglesias Sanchez hold after the sales?

Following the reported sales, Oscar Iglesias Sanchez directly holds 121,199 Ordinary Shares of Codere Online. This post-transaction figure reflects his remaining direct equity position after disposing of 2,430 shares in open-market transactions.

Were the Codere Online (CDRO) insider transactions open-market sales?

Yes. Both transactions are identified as open-market or private sales with SEC code “S.” The filing’s transaction description confirms they were standard sale transactions rather than option exercises, gifts, or tax-related withholdings.