Kenneth Bryan Dart Buys $103M in Derivatives of Flutter Entertainment plc (FLUT) — SEC Form 4, Apr 20, 2026

Derivative Purchase · SEC Form 4

+$102,884,663

Derivative

Reporting Owner

Kenneth Bryan Dart

10%+

TXN 2026-04-16 · FILED 2026-04-20

Filing Lag 2 business days within 2-day SEC deadline

Form 4 · Statement of Changes in Beneficial Ownership

Flutter Entertainment plc

FLUT CIK 0001635327

Reporting Owner

Name	Relationship
Kenneth Bryan Dart CIK 0001331271	10% Owner

Kenneth Bryan Dart at Flutter Entertainment plc Full insider history

Bought (12 mo) $2,242,195,734

Sold (12 mo) —

More from this insider at Flutter Entertainment plc

Derivative Securities Transactions

Title	Strike	Date	Type	Shares	Price	Expiration	Underlying	Ownership
Total Return SwapF1 F2 F2		2026-04-16	P - Purchase	948,508 A	$108.47	2028-03-02	948,508 Common Stock	Indirect See footnote

Footnotes (2)

F1: The reference price for the Swap is $108.4698 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 OBFR. 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. Show more
F2: Lake Michigan Limited is the party to the reported transaction and direct "holder" of the "notional" shares. LBS Limited is a party to previously reported swap transactions that provide an aggregate position in 7,453,418 "notional" shares. As owner of Lake Michigan Limited and LBS 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. Show more

5%+ Holders · 13D/G 3 filers

Latest Schedule 13D/G per filer; stakes the filer reported closed are left out.

Other insiders at Flutter Entertainment plc

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