Michael J. Regan - 08 Jun 2022 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role: Director
Signature: /s/ James Sottile, attorney-in-fact for Michael J. Regan
Issuer symbol: LNW
Transactions as of: 08 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 10 Jun 2022, 16:55:41 UTC
Previous filing: 25 Jun 2021
Next filing: 14 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LNW	Common Stock	Options Exercise	$0	+2,763	+3.1%	$0.000000	92,132	09 Jun 2022	Direct
transaction	LNW	Common Stock	Options Exercise	$0	+2,093	+2.3%	$0.000000	94,225	10 Jun 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LNW	Restricted Stock Units	Award	$0	+3,840		$0.000000	3,840	08 Jun 2022	Common Stock	3,840		Direct	F1
transaction	LNW	Restricted Stock Units	Options Exercise	$0	-2,763	-100%	$0.000000^*	0	09 Jun 2022	Common Stock	2,763		Direct	F2
transaction	LNW	Restricted Stock Units	Options Exercise	$0	-2,093	-33%	$0.000000	4,186	10 Jun 2022	Common Stock	2,093		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock units are scheduled to vest on June 8, 2023. Each unit converts into a share of common stock on a one-for-one basis.
F2	Represents vesting of restricted stock units granted on June 9, 2021. The award has fully vested. Each unit converted into a share of common stock on a one-for-one basis.
F3	Represents vesting of one-fourth of restricted stock units granted on June 10, 2020. The balance of the award is scheduled to vest in two equal installments on each of June 10, 2023 and June 10, 2024. Each unit converts into a share of common stock on a one-for-one basis.