SCHEDULE: B. Riley Entities Disclose 7.3% Stake in DoubleDown

B. Riley Financial entities and Bryant Riley report a combined 7.3% beneficial ownership stake in DoubleDown Interactive Co., Ltd.

Summary

• The filing is an Amendment No. 9 to Schedule 13G, indicating a change in beneficial ownership of DoubleDown Interactive Co., Ltd. American Depositary Shares (ADS).
• Reporting persons include BRC Group Holdings, Inc., BRF Investments, LLC, B. Riley Principal Investments, LLC, B. Riley Securities, Inc., and Bryant Riley.
• The reporting group collectively holds 181,846.15 common shares (represented by 3,636,923 ADS), accounting for 7.3% of the issuer's outstanding common shares.
• The ownership percentage is calculated based on 2,477,672 common shares outstanding as reported by the issuer on May 12, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral regulatory disclosure regarding changes in beneficial ownership that does not signal a shift in corporate strategy or financial performance.

Positives

• The reporting persons maintain a significant 7.3% stake, indicating a continued investment interest in the issuer.
• The filing confirms the reporting persons do not intend to change or influence the control of the issuer.

Negatives

• The filing reflects ongoing adjustments in shareholdings, including recent sales by B. Riley Principal Investments, LLC in January 2026.

Risks

• Market volatility affecting the value of the American Depositary Shares (ADS).
• Potential for further divestment or changes in position by the reporting entities.

Future Outlook

The reporting persons certify that the securities were not acquired for the purpose of changing or influencing the control of the issuer.

Management Comments

• The reporting persons certify that the information set forth in the statement is true, complete, and correct.

Industry Context

StockSavvy.ai notes that this filing represents standard regulatory disclosure for institutional investors managing significant positions in gaming and interactive entertainment companies, reflecting B. Riley's active portfolio management strategy.

Comparison to Industry Standards

• The filing follows standard SEC Schedule 13G reporting requirements for institutional investors holding over 5% of a class of equity securities.
• The disclosure aligns with transparency requirements observed by major investment firms like BlackRock or Vanguard when adjusting positions in mid-cap international issuers.

Related Party Transactions

• The filing discloses holdings by Bryant Riley and various trusts for his family members, as well as entities under his control.

Stakeholder Impact

• Shareholders should note the continued involvement of B. Riley entities as a significant minority stakeholder.

Next Steps

• Continued monitoring of future 13G/13D filings for further changes in ownership.

Key Dates

Keywords

DoubleDown Interactive, B. Riley, Schedule 13G, Beneficial Ownership, ADS, Bryant Riley