BRC Group reports 173,375 ADS stake in DoubleDown

DoubleDown Interactive Co., Ltd. ownership update: a group of related reporting persons led by BRC Group Holdings, Inc. reports beneficial ownership positions in American depositary shares (ADS), each representing 0.05 common share.

Rhea-AI Filing Summary

DoubleDown Interactive Co., Ltd. ownership update: a group of related reporting persons led by BRC Group Holdings, Inc. reports beneficial ownership positions in American depositary shares (ADS), each representing 0.05 common share.

The filing states BRFI directly owns 3,390,768 ADS (169,538.40 common shares), BRPI directly owns 40,069 ADS (2,003.45 common shares), and BRS directly owns 36,672 ADS (1,833.60 common shares). Collectively BRC may be deemed to beneficially own 3,467,509 ADS (173,375.45 common shares), and Bryant Riley may beneficially own 3,636,923 ADS (181,846.15 common shares). The filing cites 2,477,672 common shares outstanding as of May 12, 2026 for percentage calculations.

Insights

Corporate Governance Analyst

Ownership positions and shared dispositive power are disclosed across related entities.

The schedule shows aggregated beneficial ownership by related entities: BRC is reported to control ADS held directly by its subsidiaries (BRFI, BRPI, BRS). Percentages are calculated using 2,477,672 common shares outstanding as of May 12, 2026.

Implications depend on holder decisions; the filing records shared voting and dispositive power values and indicates parent/subsidiary relationships that explain the aggregated totals.

Securities Compliance Specialist

This Amendment No. 9 updates beneficial ownership disclosures consistent with Schedule 13G/A requirements.

The disclosure itemizes ADS counts and common-share equivalents for each reporting person and attaches percentages based on an issuer Form 6-K reference. It includes identification of subsidiaries (BRFI, BRPI, BRS) and parent relationships (BRC, BRSH).

Filing signatures are provided; any regulatory questions would center on accuracy of attribution and the correctness of the outstanding-share anchor cited in the cover comment.

Key Figures

BRFI ADS held: 3,390,768 ADS BRPI ADS held: 40,069 ADS BRS ADS held: 36,672 ADS +4 more

7 metrics

BRFI ADS held 3,390,768 ADS directly owned by BRFI (represents 169,538.40 common shares)

BRPI ADS held 40,069 ADS directly owned by BRPI (represents 2,003.45 common shares)

BRS ADS held 36,672 ADS directly owned by BRS (represents 1,833.60 common shares)

BRC aggregated ADS 3,467,509 ADS may be deemed beneficially owned by BRC (173,375.45 common shares)

Bryant Riley aggregated ADS 3,636,923 ADS may beneficially own (181,846.15 common shares)

Outstanding shares used 2,477,672 common shares basis for percentage calculations per issuer Form 6-K (May 12, 2026)

Bryant Riley percent 7.3% percent reported for Bryant Riley based on the cited outstanding-share count

Key Terms

American depositary shares (ADS), Schedule 13G/A, Beneficial ownership, Shared dispositive power

4 terms

American depositary shares (ADS) financial

"American depositary shares, each representing 0.05 common share"

American depositary shares (ADS) are a way for investors in the United States to buy shares of foreign companies without dealing with the complexities of international markets. They represent ownership in a foreign company's stock and are traded on U.S. exchanges, making it easier and more convenient for Americans to invest internationally. ADSs allow investors to diversify their portfolios with foreign companies while using familiar trading platforms.

Schedule 13G/A regulatory

"Item 1. (a) Name of issuer: DoubleDown Interactive Co., Ltd."

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficial ownership regulatory

"Amount beneficially owned: (1) As of the date hereof, BRFI directly owned 3,390,768 ADS"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Shared dispositive power financial

"Shared Dispositive Power 169,538.40"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

BRC Group Holdings may be deemed to beneficially own 3,467,509 ADS (173,375.45 common shares). The filing aggregates ADS held by subsidiaries BRFI, BRPI and BRS and uses 2,477,672 common shares outstanding for percentage calculations.

How many ADS does BRF Investments, LLC directly hold in DDI?

BRF Investments, LLC directly owns 3,390,768 ADS, representing 169,538.40 common shares. Those ADS are listed as direct holdings in Item 4 of the Schedule 13G/A and form the bulk of the group’s disclosed position.

What percentage of DDI does Bryant Riley report beneficial ownership of?

Bryant Riley is reported to beneficially own 181,846.15 common shares, equal to 7.3% using the filing’s stated outstanding base of 2,477,672 common shares as of May 12, 2026 for the percentage calculation.

Are the percentages in the filing based on a recent outstanding-share count?

Yes. The percentages are stated to be based on 2,477,672 common shares outstanding according to the issuer’s Form 6-K referenced in the filing, dated May 12, 2026.

Which entities are identified as subsidiaries or parents in this filing?

The filing identifies BRFI and BRPI as subsidiaries of BRC, and BRS as a wholly owned subsidiary of BRSH, with BRSH majority owned by BRC. These relationships support the aggregated beneficial-ownership figures.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 04:10 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. 9)

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)

03/31/2026

(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 173,375.45
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 173,375.45

9

Aggregate Amount Beneficially Owned by Each Reporting Person

173,375.45

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)

7.0 %

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 May 12, 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 169,538.40
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 169,538.40

9

Aggregate Amount Beneficially Owned by Each Reporting Person

169,538.40

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)

6.8 %

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 May 12, 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 2,003.45
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,003.45

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,003.45

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)

0.1 %

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 May 12, 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)

0.1 %

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 May 12, 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 173,375.45
7	Sole Dispositive Power 8,470.70
8	Shared Dispositive Power 173,375.45

9

Aggregate Amount Beneficially Owned by Each Reporting Person

181,846.15

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)

7.3 %

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 May 12, 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 3,390,768 ADS, which represent 169,538.40 Common Shares. (2) As of the date hereof, BRPI directly owned 40,069 ADS, which represent 2,003.45 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 3,467,509 ADS, which represent 173,375.45 Common Shares, of which (a) 3,390,768 ADS, which represent 169,538.40 Common Shares, are held directly by BRFI in the manner specified in the paragraph (1) above, (b) 40,069 ADS, which represent 2,003.45 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 3,636,923 ADS, which represent 181,846.15 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) 3,390,768 ADS, which represent 169,538.40 Common Shares, are held directly by BRFI in the manner specified in the paragraph (1) above, (f) 40,069 ADS, which represent 2,003.45 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.
	Not Applicable
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:	05/15/2026

BRF Investments, LLC

Signature:	/s/ Bryant Riley
Name/Title:	Bryant Riley/Authorized Signatory
Date:	05/15/2026

B. Riley Principal Investments, LLC

Signature:	/s/ Bryant Riley
Name/Title:	Bryant Riley/Authorized Signatory
Date:	05/15/2026

B. Riley Securities, Inc.

Signature:	/s/ Frank Pigott
Name/Title:	Frank Pigott/General Counsel and Secretary
Date:	05/15/2026

Bryant Riley

Signature:	/s/ Bryant Riley
Name/Title:	Bryant Riley
Date:	05/15/2026