Codere Online (CDRO) director sells 2,812 shares around $10 each

Rhea-AI Filing Summary

Codere Online Luxembourg, S.A. director Oscar Iglesias Sanchez reported an open-market sale of 2,812 Ordinary Shares on June 16, 2026 at a weighted average price of $10.0111 per share. After this transaction, he directly owns 118,387 Ordinary Shares, indicating he sold only a small portion of his holdings.

Insider Trade Summary 10b5-1

Net Seller: 2,812 shares ($28,151)

Net Sell 1 txn

Insider Iglesias Sanchez Oscar

Role null

Sold 2,812 shs ($28K)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares	2,812	$10.0111	$28K

Holdings After Transaction: Ordinary Shares — 118,387 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 2,812 shares Weighted average sale price: $10.0111 per share Post-transaction holdings: 118,387 shares +1 more

4 metrics

Shares sold 2,812 shares Open-market sale on June 16, 2026

Weighted average sale price $10.0111 per share Ordinary Shares sale

Post-transaction holdings 118,387 shares Ordinary Shares held directly after sale

Price range of trades $10.00–$10.10 Multiple transactions within this range

Key Terms

Open-market sale, Weighted average price, Ordinary Shares, Form 4

4 terms

Open-market sale financial

"transaction_action: "open-market sale""

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.

Weighted average price financial

"The price reported is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Ordinary Shares financial

"security_title: "Ordinary Shares""

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.

Form 4 regulatory

"reported on this Form 4 insider 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 →

Available on EDGAR 06/18/2026 - 04:15 PM Accepted by SEC EDGAR 06/18/2026 - 04:15 PM Learn about SEC filing dates

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)
06/16/2026

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	06/16/2026		S		2,812	D	$10.0111(1)	118,387	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. The price reported is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $10.00 to $10.10. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

	/s/ Yaiza Maria Rodriguez Robles, attorney-in-fact	06/18/2026
	** 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 did Codere Online (CDRO) director Oscar Iglesias Sanchez report on this Form 4?

He reported an open-market sale of 2,812 Ordinary Shares of Codere Online. The transaction occurred at a weighted average price of $10.0111 per share, and was disclosed as a standard Form 4 insider transaction with direct ownership.

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

He sold 2,812 Ordinary Shares at prices ranging from $10.00 to $10.10. The filing reports a weighted average sale price of $10.0111 per share, reflecting multiple trades executed within that disclosed price range.

How many Codere Online (CDRO) shares does the director hold after the sale?

After the reported sale, Oscar Iglesias Sanchez directly holds 118,387 Ordinary Shares. This remaining position shows that the sale covered only a fraction of his total reported direct holdings in Codere Online following the transaction.

What does a weighted average price mean in this Codere Online (CDRO) Form 4?

The weighted average price of $10.0111 reflects multiple trades between $10.00 and $10.10. It represents the overall average price for all shares sold, weighted by the number of shares traded at each specific price within the disclosed range.

Was the Codere Online (CDRO) Form 4 transaction an open-market sale?

Yes. The filing classifies the transaction as an open-market sale of Ordinary Shares. It uses transaction code “S,” which indicates a sale in the open market or a private transaction under SEC reporting rules for insiders.

Does the Form 4 indicate any derivative transactions for Codere Online (CDRO)?

No derivative transactions are shown in this Form 4 excerpt. The filing lists only a non-derivative transaction involving Ordinary Shares, and the derivative transaction summary in the provided data is empty for this reporting period.