Stephen W. Morro - 17 Aug 2022 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role: Director
Signature: /s/ James Sottile, attorney-in-fact for Stephen W. Morro
Issuer symbol: LNW
Transactions as of: 17 Aug 2022
Net transactions value: $0
Form type: 4
Filing time: 18 Aug 2022, 16:17:14 UTC
Previous filing: 18 Aug 2022
Next filing: 09 Jun 2023
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	+6,936		$0.000000	6,936	17 Aug 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	Stock Option (right to buy)	Award	$0	+10,000		$0.000000	10,000	17 Aug 2022	Common Stock	10,000	$57.67	Direct	F1
transaction	LNW	Restricted Stock Units	Award	$0	+6,936		$0.000000	6,936	17 Aug 2022	Common Stock	6,936		Direct	F2
transaction	LNW	Restricted Stock Units	Options Exercise	$0	-6,936	-100%	$0.000000^*	0	17 Aug 2022	Common Stock	6,936		Direct	F3

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

Explanation of Responses:

Id	Content
F1	The stock options are scheduled to become exercisable in four equal annual installments beginning on August 9, 2023.
F2	The restricted stock units vest immediately. Each unit converts into a share of common stock on a one-for-one basis.
F3	Represents vesting of restricted stock units granted on August 17, 2022. The award has fully vested. Each unit converted into a share of common stock on a one-for-one basis.