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Codere Online (CDRO) COO logs RSU award and tax withholding, no share sale

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Codere Online Luxembourg, S.A. Chief Operating Officer Deborah Frida Guivisdalsky reported routine equity compensation activity involving Ordinary Shares. On May 5, 2026, she received a grant of 7,000 Restricted Stock Units (RSUs), which were originally awarded on November 7, 2024 and vest in three equal installments on December 31, 2024, 2025 and 2026.

On the same date, 1,154 Ordinary Shares were withheld by the company at an average reference price of $8.72 to cover tax obligations from RSU vesting, which the filing specifies is not a sale by her. After these transactions, she directly holds 18,874 Ordinary Shares of the company.

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Insider Guivisdalsky Deborah Frida
Role Chief Operating Officer
Type Security Shares Price Value
Grant/Award Ordinary Shares 7,000 $0.00 --
Tax Withholding Ordinary Shares 1,154 $8.72 $10K
Holdings After Transaction: Ordinary Shares — 18,874 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 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. 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.
RSUs granted 7,000 units Award to COO, vesting on Dec 31, 2024, 2025, 2026
Shares withheld for tax 1,154 shares Ordinary Shares withheld on May 5, 2026 for tax obligations
Reference share price $8.72 per share Average price over 20 trading days preceding April 29, 2026 used for tax
Shares after F transaction 17,720 shares Direct Ordinary Shares following tax-withholding disposition entry
Shares after all transactions 18,874 shares Direct Ordinary Shares held by COO after RSU-related updates
Restricted Stock Units financial
"the Board of Directors ... awarded the Reporting Person 7,000 Restricted Stock Units"
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
"Ordinary Shares withheld by the Company to satisfy tax withholding obligations arising in connection with the vesting of the RSUs"
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 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*
Guivisdalsky Deborah Frida
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Operating 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)
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 Shares05/05/2026A7,000(1)A$018,874D
Ordinary Shares05/05/2026F1,154(2)D$8.72(3)17,720D
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 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.
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 transactions did Codere Online (CDRO) report for its COO?

Codere Online reported that COO Deborah Frida Guivisdalsky received 7,000 Restricted Stock Units and had 1,154 Ordinary Shares withheld to cover tax obligations. These are compensation-related entries, and the filing states the withheld shares do not represent a market sale by her.

Did the Codere Online (CDRO) COO sell any shares in this Form 4 filing?

The filing states the COO did not execute an open-market sale. Instead, 1,154 Ordinary Shares were withheld by Codere Online to satisfy tax withholding obligations related to RSU vesting, which the document clarifies does not constitute a sale by the reporting person.

How many Codere Online (CDRO) shares does the COO own after these transactions?

After the reported compensation transactions, COO Deborah Frida Guivisdalsky directly holds 18,874 Ordinary Shares of Codere Online. This figure reflects both the grant of 7,000 Restricted Stock Units and the 1,154 shares withheld by the company for tax purposes on May 5, 2026.

What are the terms of the 7,000 RSUs granted to Codere Online (CDRO)'s COO?

The COO was awarded 7,000 Restricted Stock Units effective upon a Form S-8 filing on May 5, 2026. According to the filing, these RSUs vest in three equal installments on December 31, 2024, December 31, 2025, and December 31, 2026 under the company’s equity plan.

How was the $8.72 price used in the Codere Online (CDRO) tax withholding?

The filing explains that the $8.72 figure represents the average price of Codere Online’s Ordinary Shares over the 20 trading days preceding April 29, 2026. This average price was used to calculate the value of shares withheld to satisfy the COO’s tax withholding obligations.