Flutter Entertainment (FLUT) 10% owner Dart bought 150,000 Total Return Swap for $14.8M at $98.53

Insider transactions reported

Kenneth Bryan Dart (10% owner at Flutter Entertainment plc, FLUT) reported that they bought 150,000 Total Return Swap for $14.8M at $98.53 on May 22, 2026.

Reporting person

Dart Kenneth Bryan

Options and other derivatives

Holdings before and after

• Total Return Swap: 16,313,518 to 16,463,518 indirect, See footnote

Footnotes from the filing

1. 1. The reference price for the Swap is $98.5340 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.
2. 2. LBS Limited is the party to the reported transaction and direct holder of the notional shares. Lake Michigan Limited and LBS Limited were parties to previously reported swap transactions that provide an aggregate position in 16,313,518 notional shares. As owner of LBS Limited and Lake Michigan 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.

Transaction codes in this filing

Open-market purchase:

Code P marks a purchase in the open market or a private deal. The insider paid for these securities.

FAQ