Edree Moshe 4

What Happened
Edree Moshe, a director of Codere Online Luxembourg, S.A. (CDRO), was credited with 40,000 Restricted Stock Units (RSUs) in a report dated May 5, 2026. To satisfy tax withholding on the vesting event, the company withheld 6,591 ordinary shares (reported as a disposition) at a withholding price of $8.72 per share, totaling about $57,474. The Form 4 was filed on May 7, 2026.

Key Details

• Transaction date(s): May 5, 2026 (reported on Form 4 filed May 7, 2026).
• Award: 40,000 RSUs reported as acquired (code A) at $0.00 (RSU grant).
• Tax withholding: 6,591 shares withheld (code F) at $8.72 per share = $57,474 (this withholding is not a market sale by the reporting person).
• Vesting: According to the filing, the RSUs were awarded November 7, 2024 and vest equally on December 31, 2024, 2025 and 2026; the award became effective upon the filing of a Form S-8 on May 5, 2026.
• Price basis for withholding: $8.72 is the 20‑day average price through April 29, 2026 used to calculate tax withholding.
• Shares owned after transaction: not disclosed in this Form 4.
• Filing timeliness: Form 4 filed two days after the May 5, 2026 transaction (filed May 7, 2026); no late-filing flag noted in the filing.

Context
RSUs are equity awards that convert into shares when they vest; the withheld shares reflect standard tax-withholding practice (a cashless/withholding mechanism), not an open-market sale indicating a decision to liquidate by the insider. The reported withholding amount (~$57.5k) reflects tax obligations tied to the vested portion of the RSUs calculated using the plan’s 20-day average price.