Codere Online Luxembourg (CDRO) director logs small open-market share sale

Rhea-AI Filing Summary

Codere Online Luxembourg, S.A. director Oscar Iglesias Sanchez reported a small open-market sale of company stock. On June 8, 2026, he sold 50 Ordinary Shares at $10.00 per share. After this transaction, he continued to hold 123,629 Ordinary Shares directly, indicating that the sale represented a minor portion of his overall position.

Insider Trade Summary 10b5-1

Net Seller: 50 shares ($500)

Net Sell 1 txn

Insider Iglesias Sanchez Oscar

Role null

Sold 50 shs ($500.00)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares	50	$10.00	$500.00

Holdings After Transaction: Ordinary Shares — 123,629 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 50 shares Sale price: $10.00 per share Transaction value: $500 +3 more

6 metrics

Shares sold 50 shares Ordinary Shares sold by director in open-market transaction

Sale price $10.00 per share Price for Ordinary Shares sold on June 8, 2026

Transaction value $500 Approximate value of 50 shares sold at $10.00 each

Shares held after 123,629 shares Director’s direct ownership following the sale

Transaction code S Sale in open market or private transaction

Net share direction -50 shares Net-sell position from transactionSummary

Key Terms

Ordinary Shares, open-market sale, Form 4

3 terms

Ordinary Shares financial

"security_title: "Ordinary Shares" in the non-derivative 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" describing the share disposition"

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4) summarizing the director’s transaction"

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).

X

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)
06/08/2026

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	06/08/2026		S		50	D	$10	123,629	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	06/10/2026
	** 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 on this Form 4?

Codere Online reported that director Oscar Iglesias Sanchez sold 50 Ordinary Shares in an open-market transaction. The sale occurred at a price of $10.00 per share, reflecting a relatively small trade in the context of his total shareholding.

How many Codere Online (CDRO) shares did the director sell and at what price?

The director sold 50 Ordinary Shares of Codere Online at $10.00 per share. This totals $500 in transaction value and is small relative to his remaining direct ownership position disclosed in the same Form 4 filing.

What are Oscar Iglesias Sanchez’s Codere Online (CDRO) holdings after the sale?

Following the reported sale, Oscar Iglesias Sanchez directly holds 123,629 Ordinary Shares of Codere Online. This figure, disclosed in the Form 4, shows that the 50-share transaction represents only a minor reduction in his overall equity stake.

Was the Codere Online (CDRO) insider trade a buy or a sell?

The transaction was a sell. The Form 4 identifies it with code “S” and describes it as an open-market sale of 50 Ordinary Shares at $10.00 per share by director Oscar Iglesias Sanchez on June 8, 2026.

Does this Codere Online (CDRO) Form 4 involve derivatives or just common equity?

This Form 4 involves only non-derivative securities, specifically Ordinary Shares of Codere Online. The derivativeSummary section is empty, indicating no options, warrants, or other derivative instruments were reported in connection with this transaction.