DART KENNETH BRYAN 4

4 · Flutter Entertainment plc · Filed Mar 10, 2026

AI-generated summary of this filing

Updated Mar 10, 2026

Flutter (FLUT) 10% Owner Kenneth Dart Acquires 846,685 Shares

What Happened

Kenneth Bryan Dart, reported as a 10% owner of Flutter Entertainment plc (FLUT), entered a derivative purchase on 2026-03-06 that provides economic exposure to 846,685 shares. The notional position is reported at an acquisition price of $112.05 per share, representing a notional value of approximately $94,867,329. The position is a swap (derivative) rather than a direct share purchase.

Key Details

Transaction date: 2026-03-06; Report filed: 2026-03-10 (filed within the SEC two-business-day window).
Reported transaction type/code: P = Purchase (derivative).
Shares notional/amount: 846,685 shares at $112.05 per share (notional value ≈ $94.9M).
Footnote summary:
- F1: The swap reference price is $112.0456; swap matures and will be cash-settled on March 2, 2028. At maturity the parties settle any increase/decrease in market price relative to the reference price. The reporting person pays monthly interest on the financing leg (SOFR-based) and receives dividend-equivalent payments from the counterparty during the swap term.
- F2: LBS Limited is the direct holder of the notional shares. As owner of LBS Limited, Mr. Dart may be deemed to beneficially own the reported securities but disclaims beneficial ownership except to the extent of his pecuniary interest.
Shares owned after transaction: Not specified in the provided filing excerpt.

Context

This is a derivative (total return/price swap) that gives Mr. Dart economic exposure to Flutter’s share price and dividends, but it is not the same as holding ordinary shares outright—final settlement is cash-based at maturity. Because Mr. Dart is reported as a 10% owner and the position is held via LBS Limited, the filing notes a limited beneficial-ownership disclaimer (pecuniary interest only). Purchases via derivatives still indicate increased economic exposure but differ from direct stock purchases in rights and settlement.

Form 4

Period: 2026-03-06

10% Owner

Transactions

PurchaseSwap
Total Return Swap
[F1][F2]
2026-03-06$112.05/sh+846,685$94,867,329→ 2,494,398 total(indirect: See footnote)
From: 2028-03-02Exp: 2028-03-02→ Common Stock (846,685 underlying)

Footnotes (2)

[F1]The reference price for the Swap is $112.0456 per share. The Swap is scheduled to terminate on March 2, 2028, at which time the Swap will be cash-settled. Under the terms of the Swap, at maturity: (i)the Reporting Person will be obligated to pay to the counterparty any decrease in the market price of the referenced shares below the reference price, and (ii) the counterparty will be obligated to pay the Reporting Person any increase in the market price of the referenced shares above the reference price. The Swap requires the Reporting Person to pay monthly interest to the counterparty on the financing leg of the Swap at a rate based on SOFR. Additionally, the Reporting Person is entitled to receive payments from the counterparty equal to any dividends paid on the referenced shares during the term of the Swap.
[F2]LBS Limited is the party to the Swap and direct "holder" of the "notional" shares. As owner of LBS Limited, Mr. Dart may be deemed to beneficially own the reported securities but disclaims such beneficial ownership except to the extent of his pecuniary interest therein.

Signature

/s/Kenneth B Dart|2026-03-10

1 file