Arildsson Marcus Kai 4

What Happened
Marcus Arildsson, Chief Financial Officer of Codere Online Luxembourg, S.A. (CDRO), was awarded 30,000 Restricted Stock Units (RSUs effective upon the company's Form S-8 filing). Concurrently, 1,327 ordinary shares were withheld by the company to satisfy tax withholding obligations associated with RSU vesting; the withheld shares represent about $11,571. The RSU grant is recorded as an award (A) at $0.00 per share; the withholding is reported under code F (tax withholding), not a market sale by the insider.

Key Details

• Transaction dates: May 5, 2026 (award and withholding).
• Award: 30,000 RSUs @ $0.00 (acquisition).
• Tax withholding: 1,327 ordinary shares withheld @ $8.72 (average price) = $11,571 (disposed for tax withholding purposes).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes of note:
  • F1: RSUs were awarded November 14, 2025 and became effective upon filing the Form S-8 on May 5, 2026; RSUs vest equally on December 31, 2024, 2025 and 2026.
  • F2: Withheld shares represent shares retained by the company to satisfy tax withholding — not a sale by the reporting person.
  • F3: The $8.72 withholding price is the 20‑trading‑day average up to April 29, 2026 per the equity plan.
• Filing timeliness: Form filed May 7, 2026 for a May 5, 2026 transaction; no late filing is indicated.

Context
RSUs are a grant of shares subject to vesting; they are not an open‑market purchase and generally reflect compensation rather than a direct trading signal. The withholding here is a routine cashless tax withholding where the company retains shares to cover taxes — it should not be read as an insider selling shares on the open market.