{"id":2382159,"date":"2026-04-21T00:39:58","date_gmt":"2026-04-21T00:39:58","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2382159"},"modified":"2026-04-21T00:39:58","modified_gmt":"2026-04-21T00:39:58","slug":"dart-entity-adds-swap-on-948508-flutter-shares","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/dart-entity-adds-swap-on-948508-flutter-shares\/","title":{"rendered":"Dart entity adds swap on 948,508 Flutter shares"},"content":{"rendered":"<p><\/p>\n<div id=\"summary\" lang=\"en\">\n<p>DART KENNETH BRYAN reported open-market purchase transactions in this Form 4 filing.<\/p>\n<p><b>Lake Michigan Limited<\/b>, an entity owned by Kenneth Bryan Dart, entered into a new <b>Total Return Swap<\/b> referencing 948,508 Flutter Entertainment plc common shares at a reference price of <b>$108.4698 per share<\/b>. The swap is scheduled to terminate on <b>March 2, 2028<\/b> and will be cash-settled, with no delivery of shares.<\/p>\n<p>At maturity, Lake Michigan Limited must pay the counterparty any decline in the share price below the reference price, while receiving any increase above it, plus payments equal to dividends on the referenced shares. Following this transaction, Dart\u2019s reported indirect position reflects exposure on <b>11,916,212 referenced shares<\/b>, and a related entity, LBS Limited, is party to previously reported swaps on <b>7,453,418 notional shares<\/b>. Dart may be deemed to beneficially own these securities through ownership of the entities, but he disclaims beneficial ownership except to the extent of his pecuniary interest.<\/p>\n<\/p><\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source www.stocktitan.net \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DART KENNETH BRYAN reported open-market purchase transactions in this Form 4 filing. Lake Michigan Limited, an entity owned by Kenneth Bryan Dart, entered into a new Total Return Swap referencing 948,508 Flutter Entertainment plc common shares at a reference price of $108.4698 per share. The swap is scheduled to terminate on March 2, 2028 and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2371987,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[464058,402618,313496,429376,455807,460755,464057,461386],"class_list":["post-2382159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-derivative-exposure","tag-flut","tag-flutter-entertainment","tag-form-4","tag-insider-buying","tag-kenneth-dart","tag-lake-michigan-limited","tag-total-return-swap"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/04\/Dart-linked-swap-adds-exposure-to-Flutter-shares.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2382159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2382159"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2382159\/revisions"}],"predecessor-version":[{"id":2382160,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2382159\/revisions\/2382160"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2371987"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2382159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2382159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2382159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}