Codere Online (CDRO) CMO granted 7,000 RSUs vesting through 2026

Rhea-AI Filing Summary

Codere Online Luxembourg, S.A. reported that its Chief Marketing Officer, Alberto Hernan Telias, acquired 7,000 Ordinary Shares at a price of $0.00 per share through an equity award. Following this grant, he directly holds 32,776 Ordinary Shares.

The footnote explains that on November 7, 2024 the Board of Directors awarded him 7,000 Restricted Stock Units, effective when a Registration Statement on Form S-8 was filed on May 5, 2026. These RSUs vest in equal portions on December 31, 2024, December 31, 2025 and December 31, 2026, providing a multi‑year equity-based compensation schedule.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Telias Alberto Hernan

Role Chief Marketing Officer

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares	7,000	$0.00	--

Holdings After Transaction: Ordinary Shares — 32,776 shares (Direct, null)

Footnotes (1)

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Key Figures

Equity award size: 7,000 shares Grant price per share: $0.00 per share Post-transaction holdings: 32,776 shares +5 more

8 metrics

Equity award size 7,000 shares Ordinary Shares granted to CMO in Form 4

Grant price per share $0.00 per share Reported transaction price for awarded shares

Post-transaction holdings 32,776 shares Ordinary Shares directly held after award

RSU award date November 7, 2024 Date Board awarded 7,000 RSUs

Form S-8 effectiveness link May 5, 2026 RSUs effective upon Form S-8 filing

First vesting date December 31, 2024 RSUs vest equally on three year-end dates

Second vesting date December 31, 2025 Middle installment of RSU vesting

Final vesting date December 31, 2026 Final installment of RSU vesting

Key Terms

Restricted Stock Units, Form S-8, Registration Statement, Board of Directors, +2 more

6 terms

Restricted Stock Units financial

"awarded the Reporting Person 7,000 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"

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.

Ordinary Shares financial

""security_title": "Ordinary Shares""

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.

Grant, award, or other acquisition financial

""transaction_code_description": "Grant, award, or other acquisition""

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^*

Telias Alberto Hernan

(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 Marketing 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)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	05/05/2026		A		7,000(1)	A	$0	32,776	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:

1. On November 7, 2024, the Board of Directors of Codere Online Luxembourg, S.A. ("Company") awarded the Reporting Person 7,000 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)

FAQ

What insider transaction did Codere Online (CDRO) disclose for its CMO?

Codere Online disclosed that Chief Marketing Officer Alberto Hernan Telias acquired 7,000 Ordinary Shares via an equity award at $0.00 per share. After this grant, he directly holds 32,776 Ordinary Shares, reflecting compensation rather than an open‑market purchase.

How many Codere Online (CDRO) shares does the CMO hold after this Form 4?

After the reported transaction, Chief Marketing Officer Alberto Hernan Telias directly holds 32,776 Ordinary Shares of Codere Online. This figure includes the 7,000 shares granted in the award reported, as disclosed in the Form 4 filing’s ownership table.

What are the terms of the 7,000 RSUs granted to Codere Online’s CMO?

The CMO received 7,000 Restricted Stock Units awarded on November 7, 2024, effective upon the company’s Form S‑8 filing on May 5, 2026. The RSUs vest in three equal installments on December 31, 2024, December 31, 2025 and December 31, 2026.

Was there any cash paid for the Codere Online (CDRO) share grant?

No cash was paid for this grant; the 7,000 Ordinary Shares were acquired at a reported price of $0.00 per share. The transaction reflects an equity compensation award rather than an open‑market share purchase by the executive.

How are the Codere Online (CDRO) RSUs linked to the Form S-8 filing?

The 7,000 RSUs awarded to the CMO became effective upon Codere Online filing a Registration Statement on Form S‑8 on May 5, 2026. This filing enabled the equity award, which then follows the stated vesting schedule through December 31, 2026.