Codere Online Luxembourg, S.A. director Moshe Edree filed an initial ownership statement showing 333,051 Ordinary Shares held directly, including 74,217 shares underlying restricted share units that vest on December 31, 2026. He also reports several option grants over Ordinary Shares with exercise prices between $8.03 and $10.00, expiring from 2027 through 2036, with portions already vested and the remainder vesting in scheduled annual installments.
Codere Online Luxembourg, S.A. executive Shemesh Matan, Chief of Growth and Strategy, filed an initial statement of beneficial ownership. He reports 17,515 ordinary shares, including 4,581 underlying restricted share units vesting on December 31, 2026, plus several option grants over ordinary shares at exercise prices from 8.03 to 10.00 with expirations between 2027 and 2036.
Codere Online Luxembourg, S.A. reported its Chief Financial Officer, Marcus Kai Arildsson, as an insider holder of equity awards. He holds options to buy 50,000 Ordinary Shares at an exercise price of $8.03 per share, expiring on January 1, 2036. According to the footnote, these options were granted under the company’s long-term incentive plan and vest in four equal annual installments on December 31, 2027, December 31, 2028, December 31, 2029 and December 31, 2030. The filing does not show any open-market buying or selling activity, only the reporting of this compensatory option position held directly by the CFO.
Codere Online Luxembourg, S.A. director Luis Gonzaga Higuero Robles has filed a Form 3 with the SEC related to the company’s shares. The filing lists him as a director and does not report any stock purchases, sales, or other share transactions.
Codere Online Luxembourg, S.A. director Francisco De Borja Fernandez Espejel reported his initial ownership in a Form 3. He holds 35,854 ordinary shares directly, including 8,543 shares underlying restricted share units scheduled to vest on December 31, 2026. He also holds options over 70,000 ordinary shares at an exercise price of 10.0000 per share, expiring on December 31, 2027, of which 53,321 options are already vested and 16,679 are scheduled to vest on December 31, 2026.
Codere Online Luxembourg, S.A. Chief Operating Officer Deborah Frida Guivisdalsky reported her initial equity holdings. She directly owns 11,874 ordinary shares, including 2,887 shares underlying restricted share units scheduled to vest on December 31, 2026.
She also holds several option awards over ordinary shares: 28,175 options at an exercise price of $10.0000 expiring on December 31, 2027; 37,000 options at $8.4900 expiring on January 1, 2034; 30,000 options at $8.4900 expiring on January 1, 2035; and 35,000 options at $8.0300 expiring on January 1, 2036. Footnotes indicate portions of these options have already vested, with the remaining unvested options vesting in annual installments between December 31, 2026 and December 31, 2030.
Codere Online Luxembourg, S.A. director Daniel Valdez filed an initial ownership report showing indirect beneficial ownership of 25,000 Ordinary Shares. The shares are held through Valhala Limited Partnership, where he is a 99.9% limited partner and exercises voting and dispositive power over these shares.
Codere Online Luxembourg, S.A. Chief Executive Officer Sher Aviv filed an initial ownership report showing a mix of ordinary shares, restricted share units and stock options. Aviv holds 44,732 Ordinary Shares, including 8,948 shares underlying restricted share units that will vest on December 31, 2026.
Aviv also holds options over 87,333 Ordinary Shares at an exercise price of $10.0000 expiring on December 31, 2027, and additional option grants over 100,000, 85,000 and 85,000 Ordinary Shares at exercise prices of $8.4900 and $8.0300, expiring between 2034 and 2036. Footnotes explain that portions of these options have already vested, with the remaining awards vesting in annual installments from December 31, 2026 through December 31, 2030.
Codere Online Luxembourg, S.A. filed an initial insider report for Chief Marketing Officer Alberto Hernan Telias, detailing his equity holdings in the company. He directly holds 25,776 ordinary shares, including 5,156 shares underlying restricted share units scheduled to vest on December 31, 2026.
He also holds several option awards over ordinary shares with different exercise prices and maturities. These include options over 50,324 shares at an exercise price of $10.0000 expiring on December 31, 2027, and additional option grants at exercise prices of $8.4900 and $8.0300 with expirations ranging from 2034 to 2036, some of which are already vested and the remainder vesting in annual installments through 2030.
Codere Online Luxembourg, S.A. reports record 2025 results with strong growth but a small loss. Net gaming revenue reached €224.1 million for 2025, the highest in its history, while Adjusted EBITDA improved to €13.8 million. In the fourth quarter, net gaming revenue rose 15% year-on-year to €60.7 million, helped by a 20% increase in average monthly active players to 177,000.
Mexico was the main growth driver, with Q4 2025 net gaming revenue of €32.8 million, up 31% as active customers grew 43%. Despite this, the company posted a 2025 net loss of €1.8 million versus €3.9 million net income in 2024. Codere Online ended 2025 with €50.0 million of cash and no financial debt, repurchased 391,000 shares for $2.7 million, and guides 2026 net gaming revenue to €235–245 million with Adjusted EBITDA of €15–20 million. It also renewed its Colombian online gaming license to November 2030, while Mexico’s gaming excise tax increased from 30% to 50% starting January 1, 2026.