DoubleDown Interactive (DDI): BRC and Bryant Riley report under 5% stakes

Rhea-AI Filing Summary

DoubleDown Interactive Co., Ltd. received an amended Schedule 13G (Amendment No. 10) from BRC Group–affiliated entities and Bryant Riley reporting updated beneficial ownership of its American depositary shares (ADSs). The filing covers ADSs, each representing 0.05 common share with a par value of W10,000 per share.

As of the reporting date, BRF Investments, LLC directly owned 1,590,454 ADSs, B. Riley Principal Investments, LLC owned 6,246 ADSs, and B. Riley Securities, Inc. owned 36,672 ADSs. Through these subsidiaries, BRC Group Holdings, Inc. may be deemed to beneficially own 1,633,372 ADSs. Bryant Riley may beneficially own 1,802,786 ADSs, including custodial holdings for family members and indirect interests through the BRC entities. Based on 2,477,672 common shares outstanding, each Reporting Person now reports beneficial ownership of 5 percent or less of this class.

Key Figures

BRF Investments ADS holdings: 1,590,454 ADS BRC deemed ADS holdings: 1,633,372 ADS Bryant Riley ADS holdings: 1,802,786 ADS +3 more

6 metrics

BRF Investments ADS holdings 1,590,454 ADS ADSs of DoubleDown Interactive directly owned by BRF Investments, LLC as of the reporting date

BRC deemed ADS holdings 1,633,372 ADS ADSs that BRC Group Holdings, Inc. may be deemed to beneficially own through subsidiaries

Bryant Riley ADS holdings 1,802,786 ADS Total ADSs of DoubleDown Interactive that Bryant Riley may beneficially own

Common shares outstanding 2,477,672 common shares Outstanding DoubleDown Interactive common shares referenced for ownership percentages

BRF Investments common-share equivalent 79,522.70 common shares Common-share equivalent represented by BRF Investments’ ADS holdings

ADS-to-share ratio 0.05 common share per ADS Each American depositary share represents 0.05 common share of DoubleDown Interactive

Key Terms

American depositary shares, beneficially own, sole voting power, shared dispositive power, +1 more

5 terms

American depositary shares financial

"Title of class of securities: American depositary shares, each representing 0.05 common share"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

beneficially own financial

"BRC ... may be deemed to beneficially own 1,633,372 ADS"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

sole voting power financial

"5 | Sole Voting Power 8,470.70 6 | Shared Voting Power 81,668.80"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

shared dispositive power financial

"8 | Shared Dispositive Power 81,668.60"

Schedule 13G regulatory

"If a parent holding company has filed this schedule, pursuant to (ii)(G)"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

What ownership in DoubleDown Interactive (DDI) does BRC Group Holdings report?

BRC Group Holdings may be deemed to beneficially own 1,633,372 ADSs of DoubleDown Interactive, held through BRF Investments, B. Riley Principal Investments, and B. Riley Securities, based on their respective direct ADS positions disclosed in the filing.

How many DoubleDown Interactive ADSs does Bryant Riley beneficially own according to this filing for DDI?

Bryant Riley may beneficially own 1,802,786 ADSs of DoubleDown Interactive. This includes custodial holdings for family members and indirect interests through BRF Investments, B. Riley Principal Investments, and B. Riley Securities as detailed in the ownership breakdown.

What is the total number of DoubleDown Interactive common shares outstanding referenced for DDI?

The filing states that the reported ownership percentages are based on 2,477,672 common shares outstanding of DoubleDown Interactive, as referenced from the issuer’s Form 6-K filed with the U.S. authorities on August 11, 2026.

Do the BRC-related Reporting Persons own more than 5% of DoubleDown Interactive (DDI)?

No. Each Reporting Person reports ownership of 5 percent or less of DoubleDown Interactive’s relevant class of securities, consistent with the statement provided under the Ownership of 5 Percent or Less of a Class section.

What class of DoubleDown Interactive securities is covered in this Schedule 13G/A for DDI?

The filing covers American depositary shares (ADSs) of DoubleDown Interactive, with each ADS representing 0.05 common share having a par value of W10,000 per share, and identified by CUSIP number 25862B109.

Which subsidiaries are identified as holding DoubleDown Interactive securities for DDI?

The subsidiaries identified are BRF Investments, LLC and B. Riley Principal Investments, LLC, which are subsidiaries of BRC, and B. Riley Securities, Inc., a wholly owned subsidiary of BRSH, with BRSH majority owned by BRC.

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Available on EDGAR 08/14/2026 - 05:01 PM Accepted by SEC EDGAR 08/14/2026 - 05:00 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 10)

DoubleDown Interactive Co., Ltd.

(Name of Issuer)

American depositary shares, each representing 0.05 common share, par value W10,000 per share

(Title of Class of Securities)

25862B109

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 25862B109

1

Names of Reporting Persons

BRC Group Holdings, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 81,668.60
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 81,668.60

9

Aggregate Amount Beneficially Owned by Each Reporting Person

81,668.60

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.29 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: This percentage is based on 2,477,672 common shares outstanding according to the issuer's Form 6-K filed with the U.S. Securities and Exchange Commission on August 11, 2026.

SCHEDULE 13G

CUSIP Number(s): 25862B109

1

Names of Reporting Persons

BRF Investments, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 79,522.70
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 79,522.70

9

Aggregate Amount Beneficially Owned by Each Reporting Person

79,522.70

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.21 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: This percentage is based on 2,477,672 common shares outstanding according to the issuer's Form 6-K filed with the U.S. Securities and Exchange Commission on August 11, 2026.

SCHEDULE 13G

CUSIP Number(s): 25862B109

1

Names of Reporting Persons

B. Riley Principal Investments, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 312.30
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 312.30

9

Aggregate Amount Beneficially Owned by Each Reporting Person

312.30

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.01 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: This percentage is based on 2,477,672 common shares outstanding according to the issuer's Form 6-K filed with the U.S. Securities and Exchange Commission on August 11, 2026.

SCHEDULE 13G

CUSIP Number(s): 25862B109

1

Names of Reporting Persons

B. Riley Securities, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,833.60
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,833.60

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,833.60

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.07 %

12

Type of Reporting Person (See Instructions)

BD

Comment for Type of Reporting Person: This percentage is based on 2,477,672 common shares outstanding according to the issuer's Form 6-K filed with the U.S. Securities and Exchange Commission on August 11, 2026.

SCHEDULE 13G

CUSIP Number(s): 25862B109

1

Names of Reporting Persons

Bryant Riley

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 8,470.70
6	Shared Voting Power 81,668.80
7	Sole Dispositive Power 8,470.70
8	Shared Dispositive Power 81,668.80

9

Aggregate Amount Beneficially Owned by Each Reporting Person

90,139.50

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.64 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: This percentage is based on 2,477,672 common shares outstanding according to the issuer's Form 6-K filed with the U.S. Securities and Exchange Commission on August 11, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DoubleDown Interactive Co., Ltd.
(b)	Address of issuer's principal executive offices: 13F, Gangnam Finance Center, 152, Teheran-ro Gangnam-gu, Seoul, 06236, Republic of Korea
Item 2.
(a)	Name of person filing: BRC Group Holdings, Inc., a Delaware corporation ("BRC"), BRF Investments, LLC, a Delaware limited liability company ("BRFI"), B. Riley Principal Investments, LLC, a Delaware limited liability company ("BRPI"), B. Riley Securities, Inc., a Delaware corporation ("BRS"), and Bryant Riley, an individual. Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons."
(b)	Address or principal business office or, if none, residence: 11100 Santa Monica Blvd. Suite 800, Los Angeles, CA 90025
(c)	Citizenship: BRC, BRFI, BRPI and BRS are organized under the laws of the State of Delaware. Bryant Riley is a citizen of the United States of America.
(d)	Title of class of securities: American depositary shares, each representing 0.05 common share, par value W10,000 per share
(e)	CUSIP No.: 25862B109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: (1) As of the date hereof, BRFI directly owned 1,590,454 ADS, which represent 79,522.70 Common Shares. (2) As of the date hereof, BRPI directly owned 6,246 ADS, which represent 312.30 Common Shares. (3) As of the date hereof, BRS directly owned 36,672 ADS, which represent 1,833.60 Common Shares. (4) As of the date hereof, BRC as the parent company of BRFI and BRPI and the majority shareholder of B. Riley Securities Holdings, Inc. ("BRSH"), which is the parent of BRS, may be deemed to beneficially own 1,633,372 ADS, which represent 81,668.60 Common Shares, of which (a) 1,590,454 ADS, which represent 79,522.70 Common Shares, are held directly by BRFI in the manner specified in the paragraph (1) above, (b) 6,246 ADS, which represent 312.30 Common Shares, are held directly by BRPI in the manner specified in the paragraph (2) above and (c) 36,672 ADS, which represent 1,833.60 Common Shares, are held directly by BRS in the manner specified in the paragraph (3) above. (5) As of the date hereof, Bryant Riley may beneficially own 1,802,786 ADS, which represent 90,139.30 Common Shares, of which (a) 34,838 ADS, which represent 1,741.90 Common Shares, are held as sole custodian for the benefit of Abigail Riley, (b) 36,138 ADS, which represent 1,806.90 Common Shares, are held as sole custodian for the benefit of Charlie Riley, (c) 34,838 ADS, which represent 1,741.90 Common Shares, are held as sole custodian for the benefit of Eloise Riley, (d) 63,600 ADS, which represent 3,180.00 Common Shares, are held as sole custodian for the benefit of Susan Riley, (e) 1,590,454 ADS, which represent 79,522.70 Common Shares, are held directly by BRFI in the manner specified in the paragraph (1) above, (f) 6,246 ADS, which represent 312.30 Common Shares, are held directly by BRPI in the manner specified in the paragraph (2) above and (g) 36,672 ADS, which represent 1,833.60 Common Shares, are held directly by BRS in the manner specified in the paragraph (3) above.
(b)	Percent of class: The information contained on the cover pages to this Amendment is incorporated by reference herein.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information contained on the cover pages to this Amendment is incorporated by reference herein.
	(ii) Shared power to vote or to direct the vote: The information contained on the cover pages to this Amendment is incorporated by reference herein.
	(iii) Sole power to dispose or to direct the disposition of: The information contained on the cover pages to this Amendment is incorporated by reference herein.
	(iv) Shared power to dispose or to direct the disposition of: The information contained on the cover pages to this Amendment is incorporated by reference herein.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. BRFI and BRPI are subsidiaries of BRC. BRS is a wholly owned subsidiary BRSH. BRSH is majority owned by BRC.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BRC Group Holdings, Inc.

Signature:	/s/ Bryant Riley
Name/Title:	Bryant Riley/Co-Chief Executive Officer
Date:	08/14/2026

BRF Investments, LLC

Signature:	/s/ Bryant Riley
Name/Title:	Bryant Riley/Authorized Signatory
Date:	08/14/2026

B. Riley Principal Investments, LLC

Signature:	/s/ Bryant Riley
Name/Title:	Bryant Riley/Authorized Signatory
Date:	08/14/2026

B. Riley Securities, Inc.

Signature:	/s/ Frank Pigott
Name/Title:	Frank Pigott/General Counsel and Secretary
Date:	08/14/2026

Bryant Riley

Signature:	/s/ Bryant Riley
Name/Title:	Bryant Riley
Date:	08/14/2026