Codere Online (CDRO) CAO receives 6,000-share RSU-based stock grant

Rhea-AI Filing Summary

Lopez Castano Amalia reported acquisition or exercise transactions in this Form 4 filing.

Codere Online Luxembourg, S.A. granted Chief Accounting Officer Amalia Lopez Castano 6,000 Ordinary Shares as a stock award. These shares come from Restricted Stock Units that were approved earlier and became effective when a registration statement on Form S-8 was filed. The RSUs vest in three equal installments on December 31, 2024, 2025 and 2026, aligning the award with multi‑year service. After this grant, she directly holds 21,280 Ordinary Shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lopez Castano Amalia

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares	6,000	$0.00	--

Holdings After Transaction: Ordinary Shares — 21,280 shares (Direct, null)

Footnotes (1)

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Key Figures

RSU grant size: 6,000 shares Grant share price: 0.0000 per share Post-transaction holdings: 21,280 shares +3 more

6 metrics

RSU grant size 6,000 shares Restricted Stock Units awarded November 7, 2024

Grant share price 0.0000 per share Reported transaction price on Form 4

Post-transaction holdings 21,280 shares Ordinary Shares held directly after grant

Vesting schedule 3 equal installments Vesting on December 31, 2024, 2025 and 2026

Form S-8 filing date May 5, 2026 RSU effectiveness tied to S-8 filing

RSU award date November 7, 2024 Board-approved grant date

Key Terms

Restricted Stock Units ("RSUs"), Registration Statement, Form S-8, Board of Directors

4 terms

Restricted Stock Units ("RSUs") financial

"awarded the Reporting Person 6,000 Restricted Stock Units ("RSUs"), effective upon"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

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.

Form S-8 regulatory

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

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.

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 →

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^*

Lopez Castano Amalia

(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 Accounting 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		6,000(1)	A	$0	21,280	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 6,000 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) report for Amalia Lopez Castano?

Codere Online reported a grant of 6,000 Ordinary Shares to Chief Accounting Officer Amalia Lopez Castano. The award reflects previously approved Restricted Stock Units that converted into shares once a Form S-8 registration became effective, and it is part of her equity compensation.

How many Codere Online (CDRO) shares does Amalia Lopez Castano hold after this Form 4?

After the reported transaction, Amalia Lopez Castano directly holds 21,280 Ordinary Shares of Codere Online. This total includes the 6,000-share grant disclosed in the filing and represents her updated direct equity position, as shown in the Form 4 ownership table.

What are the vesting terms of the 6,000 Codere Online (CDRO) RSUs?

The 6,000 Restricted Stock Units vest in three equal annual installments on December 31, 2024, 2025 and 2026. This schedule spreads the compensation over multiple years, encouraging continued service and aligning the Chief Accounting Officer’s incentives with longer-term company performance.

When were the Codere Online (CDRO) RSUs for Amalia Lopez Castano originally awarded?

The Board of Directors awarded the 6,000 Restricted Stock Units on November 7, 2024. The grant was structured to become effective upon the filing of a registration statement on Form S-8, which the company later filed on May 5, 2026, enabling the equity award.

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

The Form 4 reports a grant or award acquisition, not a market purchase or sale. The 6,000 shares were received as equity compensation through Restricted Stock Units at a reported price of $0.0000 per share, so no open-market trade occurred in this transaction.