Kenneth Dart discloses 18.6% Flutter stake via Candle Lake (FLUT)

Rhea-AI Filing Summary

Kenneth B. Dart and Candle Lake Limited report beneficial ownership of 32,667,404 Flutter Entertainment plc ordinary shares, representing 18.6% of the class. They report zero sole voting or dispositive power and shared voting and dispositive power over all of these shares.

The filing identifies Mr. Dart as the beneficial owner of all outstanding shares of Candle Lake Limited, the entity that directly holds the Flutter securities. The reporting persons certify that the securities were not acquired and are not held for the purpose of changing or influencing control of Flutter Entertainment, consistent with a passive Schedule 13G filing.

Insights

Equity ownership and governance analyst

Dart discloses a large but passive 18.6% stake in Flutter.

The filing shows Kenneth B. Dart and Candle Lake Limited beneficially owning 32,667,404 Flutter ordinary shares, or 18.6% of the class. Voting and dispositive power are reported as shared, with no sole authority over these shares.

The disclosure states the securities were not acquired and are not held to change or influence control of Flutter Entertainment, aligning with a passive Schedule 13G classification. Actual impact on the company depends on how this sizable holder chooses to vote and engage, but the document itself emphasizes a non-control intent.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Flutter Entertainment plc

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

IE00BWT6H894

(CUSIP Number)

02/09/2026

(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)

SCHEDULE 13G

CUSIP No. IE00BWT6H894

1

Names of Reporting Persons

DART KENNETH BRYAN

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 32,667,404.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 32,667,404.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

32,667,404.00

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)

18.6 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The number of ordinary shares beneficially owned by each reporting person is reported as of the filing date, February 10, 2026.

SCHEDULE 13G

CUSIP No. IE00BWT6H894

1

Names of Reporting Persons

Candle Lake Limited

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 32,667,404.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 32,667,404.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

32,667,404.00

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)

18.6 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The number of ordinary shares beneficially owned by each reporting person is reported as of the filing date, February 10, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Flutter Entertainment plc
(b)	Address of issuer's principal executive offices: ONE MADISON AVENUE, NEW YORK, NEW YORK, 10010.
Item 2.
(a)	Name of person filing: (a) KENNETH B. DART Mr. Dart is the beneficial owner of all of the outstanding shares of Candle Lake Limited. (b) CANDLE LAKE LIMITED Candle Lake Limited is the company that holds the securities reported herein.
(b)	Address or principal business office or, if none, residence: (a) P. O. BOX 31300 GRAND CAYMAN KY1-1206 CAYMAN ISLANDS (b)10 MARKET STREET, #773 CAMANA BAY, GRAND CAYMAN, KY1-9006 CAYMAN ISLANDS
(c)	Citizenship: (a) BRITISH OVERSEAS TERRITORY CITIZEN, CAYMAN ISLANDS (b) CAYMAN ISLANDS
(d)	Title of class of securities: Ordinary Shares
(e)	CUSIP No.: IE00BWT6H894
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: 32,667,404. The filing of this Statement shall not be deemed an admission by either of the Reporting Persons of beneficial ownership for purposes of Section 13(d) or 13(g) or for any other purpose.
(b)	Percent of class: 18.6%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 32,667,404
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 32,667,404
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.
	Not Applicable
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.

DART KENNETH BRYAN

Signature:	Kenneth B Dart
Name/Title:	Director
Date:	02/10/2026

Candle Lake Limited

Signature:	Kenneth B Dart
Name/Title:	Director
Date:	02/10/2026

FAQ

How many Flutter Entertainment (FLUT) shares do Kenneth B. Dart and Candle Lake Limited own?

Kenneth B. Dart and Candle Lake Limited report beneficial ownership of 32,667,404 Flutter Entertainment ordinary shares. This position represents 18.6% of the company’s outstanding ordinary shares, giving them a significant equity stake with shared voting and dispositive power over all reported shares.

What percentage of Flutter Entertainment (FLUT) does Kenneth B. Dart control?

The filing states that Kenneth B. Dart and Candle Lake Limited beneficially own 18.6% of Flutter Entertainment’s ordinary shares. All 32,667,404 shares are reported with shared voting and dispositive power, and no sole authority, under the Schedule 13G/A ownership disclosure.

Who holds the Flutter Entertainment (FLUT) stake reported in this Schedule 13G/A?

Kenneth B. Dart and Candle Lake Limited are the reporting persons. Dart is identified as the beneficial owner of all outstanding shares of Candle Lake Limited, which is the company that directly holds the 32,667,404 Flutter ordinary shares disclosed in the filing.

Is the Kenneth Dart and Candle Lake stake in Flutter Entertainment (FLUT) considered passive?

Yes. The certification states the securities were not acquired and are not held to change or influence control of Flutter Entertainment. This language is consistent with a passive Schedule 13G filing rather than an activist or control-seeking Schedule 13D approach.

What voting power do Kenneth Dart and Candle Lake have over Flutter Entertainment (FLUT) shares?

The Schedule 13G/A reports zero sole voting power and 32,667,404 shares with shared voting power. They also report the same number with shared dispositive power, indicating decisions over these shares are exercised jointly rather than individually.

When was the ownership event for Kenneth Dart’s Flutter Entertainment (FLUT) stake dated?

The date of the event requiring this ownership statement is February 9, 2026. The filing further notes that the number of ordinary shares beneficially owned by each reporting person is reported as of the filing date, February 10, 2026.