Codere Online (CDRO) CEO awarded 30,000 RSUs as share grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Sher Aviv reported acquisition or exercise transactions in this Form 4 filing.

Codere Online Luxembourg, S.A. Chief Executive Officer Sher Aviv received an award of 30,000 Ordinary Shares on a zero-cost basis. These shares relate to 30,000 Restricted Stock Units approved by the board on November 7, 2024, which became effective when a Form S-8 registration statement was filed on May 5, 2026.

The RSUs vest in three equal installments on December 31, 2024, 2025 and 2026. Following this grant, Aviv directly holds 74,732 Ordinary Shares, highlighting a compensation-related equity increase rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sher Aviv

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares	30,000	$0.00	--

Holdings After Transaction: Ordinary Shares — 74,732 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

RSU grant size: 30,000 shares Grant price per share: $0.0000 per share CEO holdings after grant: 74,732 shares +3 more

6 metrics

RSU grant size 30,000 shares Restricted Stock Units awarded to CEO Sher Aviv

Grant price per share $0.0000 per share Form 4 transaction price for awarded Ordinary Shares

CEO holdings after grant 74,732 shares Direct Ordinary Shares held following the transaction

RSU board approval date November 7, 2024 Board approved 30,000 RSUs for the CEO

Form S-8 filing date May 5, 2026 Registration Statement filing that made the RSU award effective

Vesting schedule Dec 31, 2024, 2025, 2026 Three equal vesting dates for the 30,000 RSUs

Key Terms

Restricted Stock Units, Form S-8, Registration Statement, Board of Directors

4 terms

Restricted Stock Units financial

"awarded the Reporting Person 30,000 Restricted Stock Units ("RSUs"), effective upon"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Form S-8 regulatory

"effective upon the filing of a Registration Statement on Form S-8, which"

A Form S-8 is a U.S. Securities and Exchange Commission registration that lets a public company set aside shares for employee benefit plans and stock-based compensation. Think of it as opening a dedicated account that authorizes the company to issue or reserve stock for workers and directors; it matters to investors because it enables share dilution when those awards are granted or exercised and signals how management is compensated and incentivized.

Registration Statement regulatory

"effective upon the filing of a Registration Statement on Form S-8"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

Board of Directors financial

"On November 7, 2024, the Board of Directors of Codere Online Luxembourg, S.A."

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

Form 4 Insider Transactions: What Each Field Means →

05/07/2026 - 04:15 PM

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^*

Sher Aviv

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	05/05/2026		A		30,000⁽¹⁾	A	$0	74,732	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. On November 7, 2024, the Board of Directors of Codere Online Luxembourg, S.A. ("Company") awarded the Reporting Person 30,000 Restricted Stock Units ("RSUs"), effective upon the filing of a Registration Statement on Form S-8, which the Company filed on May 5, 2026. The RSUs vest equally on December 31, 2024, 2025 and 2026.

	/s/ Yaiza Maria Rodriguez Robles, attorney-in-fact	05/07/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Codere Online (CDRO) CEO Sher Aviv report in this Form 4?

Sher Aviv reported receiving 30,000 Ordinary Shares as part of a restricted stock unit award. The grant was approved in November 2024 and became effective when a Form S-8 registration statement was filed on May 5, 2026.

Is the Codere Online (CDRO) CEO’s Form 4 transaction a market purchase or sale?

The transaction is a compensation-related grant, not a market trade. It is coded as an acquisition (A) representing 30,000 Restricted Stock Units converting into Ordinary Shares at no per-share cost to the CEO.

How many Codere Online (CDRO) shares does the CEO hold after this grant?

After the reported grant, Sher Aviv directly holds 74,732 Ordinary Shares. This figure reflects the CEO’s direct ownership position following the 30,000-share award tied to previously approved Restricted Stock Units.

When do the Codere Online (CDRO) CEO’s 30,000 RSUs vest?

The 30,000 Restricted Stock Units vest in three equal installments on December 31 of 2024, 2025, and 2026. This schedule staggers the CEO’s receipt of fully vested shares across three year-end dates.

What triggered the effectiveness of the Codere Online (CDRO) CEO’s RSU award?

The RSU award became effective upon the filing of a Registration Statement on Form S-8. Codere Online filed this Form S-8 on May 5, 2026, activating the 30,000 Restricted Stock Units granted earlier by the board.