Cascadia Holdings Ltd 4

What Happened

• Cascadia Holdings Ltd., disclosed as a director-related holder of High Roller Technologies (ROLR), recorded a disposition of 787,648 shares on April 28, 2026. The Form 4 reports this as transaction code J (other acquisition or disposition); the filing does not list a price or total value.
• A footnote (F1) clarifies the shares were distributed pro rata to one of Cascadia’s shareholders for no additional consideration pursuant to a share redemption agreement — i.e., a transfer/distribution, not an open‑market sale.

Key Details

• Transaction date: 2026-04-28; Form 4 filed: 2026-05-27 (appears to be a late filing — Form 4s are normally due within two business days).
• Shares disposed: 787,648; price: N/A; total value: N/A.
• Reported beneficial ownership detail (per footnotes): includes indirect joint beneficial ownership of 731,388 shares held by Spike Up Media A.B. and 39,172 shares issuable upon exercise of a warrant held by Spike Up Media LLC.
• Ownership/control notes: Spike Up LLC is an indirect subsidiary of Spike Up A.B.; Cascadia and OEH Invest AB own 66.9% and 33.1% of Ellmount Interactive A.B. (“Interactive”), and Michael Cribari and Brandon Eachus (principal shareholders of Cascadia) have joint voting and dispositive authority over shares held directly by Cascadia (see F2, F3).
• Filing timing: filed ~29 days after the transaction date — the late filing is a compliance note for investors.

Context

• This was a distribution to a shareholder under a contractual redemption, not an open-market sale, so it does not necessarily signal insider sentiment (gifts/transfers and corporate restructurings often reflect contractual or tax-driven reasons).
• The reporting involves layered, indirect ownership through related entities; treat the transfer as an entity-level redistribution rather than an individual officer trading decision.