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Director at Codere Online (NASDAQ: CDRO) granted 40,000 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Codere Online Luxembourg, S.A. director Moshe Edree reported equity compensation activity involving the company’s Ordinary Shares. On May 5, 2026, he received a grant of 40,000 shares from previously awarded RSUs, while 6,591 shares were withheld by the company to cover tax obligations, leaving him with 373,051 shares held directly.

Positive

  • None.

Negative

  • None.
Insider Edree Moshe
Role null
Type Security Shares Price Value
Grant/Award Ordinary Shares 40,000 $0.00 --
Tax Withholding Ordinary Shares 6,591 $8.72 $57K
Holdings After Transaction: Ordinary Shares — 373,051 shares (Direct, null)
Footnotes (1)
  1. On November 7, 2024, the Board of Directors of Codere Online Luxembourg, S.A. ("Company") awarded the Reporting Person 40,000 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. Represents Ordinary Shares withheld by the Company to satisfy tax withholding obligations arising in connection with the vesting of the RSUs described in footnote 1. This does not represent a sale by the Reporting Person. Represents the average price of the Company's Ordinary Shares over the 20 trading days preceding April 29, 2026 used to determine tax withholding obligations in accordance with the equity plan.
RSU-related share grant 40,000 shares Ordinary Shares from vested RSUs on May 5, 2026
Shares withheld for taxes 6,591 shares Ordinary Shares withheld to satisfy tax obligations
Holding after transactions 373,051 shares Total Ordinary Shares directly owned after May 5, 2026
Withholding price reference $8.72 per share Average share price over 20 trading days before April 29, 2026
RSUs originally awarded 40,000 RSUs Awarded November 7, 2024, vesting in three equal tranches
Restricted Stock Units financial
"awarded the Reporting Person 40,000 Restricted Stock Units ("RSUs")"
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.
RSUs financial
"The RSUs vest equally on December 31, 2024, 2025 and 2026."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
tax withholding obligations financial
"withheld by the Company to satisfy tax withholding obligations arising in connection with the vesting"
equity plan financial
"used to determine tax withholding obligations in accordance with the equity plan."
An equity plan is a company program that gives employees, executives or directors a stake in the business through stock, stock options or similar ownership awards, like handing out slices of a pie to people who help bake it. It matters to investors because these grants can motivate key personnel and align their interests with shareholders, but they also increase the number of shares over time and can dilute existing ownership and affect reported earnings.
Form S-8 regulatory
"effective upon the filing of a Registration Statement on Form S-8"
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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Edree Moshe
(Last)(First)(Middle)
7 RUE ROBERT STUMPER
(Street)
LUXEMBOURGGRAND DUCHY OF LUXEMBOURGL-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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Ordinary Shares05/05/2026A40,000(1)A$0373,051D
Ordinary Shares05/05/2026F6,591(2)D$8.72(3)366,460D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 40,000 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.
2. Represents Ordinary Shares withheld by the Company to satisfy tax withholding obligations arising in connection with the vesting of the RSUs described in footnote 1. This does not represent a sale by the Reporting Person.
3. Represents the average price of the Company's Ordinary Shares over the 20 trading days preceding April 29, 2026 used to determine tax withholding obligations in accordance with the equity plan.
/s/ Yaiza Maria Rodriguez Robles, attorney-in-fact05/07/2026
** Signature of Reporting PersonDate
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 insider transaction did Codere Online (CDRO) report for Moshe Edree?

Codere Online reported that director Moshe Edree received a 40,000-share equity award and had 6,591 shares withheld to cover taxes. After these compensation-related transactions, he directly holds 373,051 Ordinary Shares in the company.

Was the Codere Online (CDRO) Form 4 a stock sale by the director?

No, the Form 4 indicates no open-market sale by the director. The 6,591 shares reported as a disposition were withheld by the company solely to satisfy tax withholding obligations triggered by RSU vesting under the equity plan.

How many Codere Online (CDRO) shares does Moshe Edree own after these transactions?

Following the reported transactions, director Moshe Edree directly owns 373,051 Ordinary Shares of Codere Online. This figure reflects the 40,000-share RSU-based grant, net of 6,591 shares withheld by the company for tax obligations.

What price was used for Codere Online (CDRO) tax withholding on the RSU vesting?

The company used an average price of $8.72 per share for tax withholding. This average reflects the company’s Ordinary Share price over the 20 trading days preceding April 29, 2026, as specified by the equity plan terms.

What are the vesting terms of Moshe Edree’s Codere Online (CDRO) RSUs?

The board awarded 40,000 RSUs on November 7, 2024, effective upon a Form S-8 filing on May 5, 2026. These Restricted Stock Units vest in three equal installments on December 31, 2024, December 31, 2025, and December 31, 2026.