Codere Online Luxembourg, S.A.·4

Jun 23, 5:20 PM ET

Iglesias Sanchez Oscar 4

Research Summary

AI-generated summary

Updated

Codere Online (CDRO) Director Oscar Iglesias Sanchez Sells Shares

What Happened

  • Oscar Iglesias Sanchez, a director of Codere Online Luxembourg, S.A. (CDRO), sold 14,276 shares on June 18, 2026. The filing reports a weighted average sale price of $10.04, for total proceeds of approximately $143,260. The sale was reported as an open-market or private sale and occurred in multiple transactions.

Key Details

  • Transaction date: 2026-06-18
  • Price: weighted average $10.04; reported trade prices ranged $10.00–$10.10 (footnote states trades occurred at various prices within this range)
  • Shares sold: 14,276; proceeds ≈ $143,260
  • Shares owned after transaction: Not specified in the supplied filing excerpt
  • Filing date: 2026-06-23 — this appears to be one business day late for a Form 4 covering a 2026-06-18 trade (Form 4 is generally due within 2 business days)
  • Footnote: reporting person can provide details on the number of shares sold at each price within the $10.00–$10.10 range upon request

Context

  • This was a sale (a disposal of shares). Sales by insiders can be routine (diversification, liquidity, tax planning) and do not necessarily indicate a negative view of the company; purchases are generally more informative about an insider’s confidence. Oscar Iglesias Sanchez is a director — the filing does not indicate a 10% owner or an option exercise in this transaction.