Is this Codere Online (CDRO) Form 4 transaction an open-market share purchase?

No, this transaction is not an open-market purchase. The Form 4 classifies it as a grant or award acquisition at a price of $0.0000 per share. It reflects routine equity compensation approved by the Board rather than the insider buying shares on a stock exchange.

Codere Online (CDRO) GC granted 7,000 shares, now holds 20,717

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Rodriguez Robles Yaiza Maria reported acquisition or exercise transactions in this Form 4 filing.

Codere Online Luxembourg, S.A. granted its General Counsel and Secretary of the Board, Yaiza Maria Rodriguez Robles, 7,000 Ordinary Shares on May 5, 2026 as a compensation-related award. The grant was tied to 7,000 Restricted Stock Units approved on November 7, 2024.

These RSUs vest in three equal installments on December 31, 2024, 2025 and 2026, and the award increased her direct holdings to 20,717 Ordinary Shares. This is a routine equity compensation transaction rather than an open‑market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rodriguez Robles Yaiza Maria

Role GC & Secretary of the BOD

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

Holdings After Transaction: Ordinary Shares — 20,717 shares (Direct, null)

Footnotes (1)

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Key Figures

Share grant: 7,000 Ordinary Shares Post-transaction holdings: 20,717 Ordinary Shares Grant price: $0.0000 per share +4 more

7 metrics

Share grant 7,000 Ordinary Shares Grant/award acquisition on May 5, 2026

Post-transaction holdings 20,717 Ordinary Shares Direct ownership after the grant

Grant price $0.0000 per share Indicated price for awarded Ordinary Shares

RSU award size 7,000 RSUs Awarded on November 7, 2024 by Board of Directors

RSU vesting 1 1/3 of 7,000 RSUs Vests on December 31, 2024

RSU vesting 2 1/3 of 7,000 RSUs Vests on December 31, 2025

RSU vesting 3 1/3 of 7,000 RSUs Vests on December 31, 2026

Key Terms

Restricted Stock Units, RSUs, Registration Statement on Form S-8, Board of Directors, +1 more

5 terms

Restricted Stock Units financial

"awarded the Reporting Person 7,000 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.

Registration Statement on Form S-8 regulatory

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

A registration statement on Form S-8 is the U.S. Securities and Exchange Commission filing companies use to register shares they intend to grant to employees, directors, consultants or benefit plans under stock compensation programs. It matters to investors because it signals potential issuance of new shares tied to pay and incentives, which can increase the total shares outstanding — like adding more slices to a pie — reducing each existing share’s ownership and potentially affecting earnings per share and stock value.

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.

Grant, award, or other acquisition financial

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

Form 4 Insider Transactions: What Each Field Means →

05/07/2026 - 04:16 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^*

Rodriguez Robles Yaiza Maria

(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)
	GC & Secretary of the BOD

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		7,000⁽¹⁾	A	$0	20,717	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 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	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) report in this Form 4 filing?

Codere Online reported that its General Counsel, Yaiza Maria Rodriguez Robles, received a grant of 7,000 Ordinary Shares as equity compensation. The award stems from previously approved Restricted Stock Units and increased her direct ownership stake to a total of 20,717 Ordinary Shares.

How many Codere Online (CDRO) shares did the General Counsel acquire?

The General Counsel acquired 7,000 Ordinary Shares at an indicated price of $0.0000 per share, reflecting a stock award rather than a cash purchase. After this grant, her direct holdings in Codere Online increased to 20,717 Ordinary Shares according to the reported post-transaction balance.

What is the vesting schedule for the 7,000 Codere Online (CDRO) RSUs?

The 7,000 Restricted Stock Units vest in three equal installments on December 31, 2024, December 31, 2025, and December 31, 2026. This staged vesting structure ties the equity compensation to continued service over multiple years, aligning the executive’s interests with long-term company performance.

When were the Codere Online (CDRO) RSUs granted and when did they become effective?

The Board of Directors awarded 7,000 Restricted Stock Units to the General Counsel on November 7, 2024. The award became effective upon filing a Registration Statement on Form S-8, which Codere Online submitted on May 5, 2026, aligning the equity grant with registration of the related shares.