James Sottile - 20 Mar 2023 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role: Exec VP & Chief Legal Officer
Signature: /s/ James Sottile
Issuer symbol: LNW
Transactions as of: 20 Mar 2023
Net transactions value: -$470,523
Form type: 4
Filing time: 22 Mar 2023, 20:47:23 UTC
Previous filing: 06 Oct 2022
Next filing: 28 Mar 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	+17,135	+41%	$0.000000	58,971	20 Mar 2023	Direct
transaction	LNW	Common Stock	Tax liability	$470,523	-8,236	-14%	$57.13	50,735	20 Mar 2023	Direct	F1

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	Options Exercise	$0	-2,094	-100%	$0.000000^*	0	20 Mar 2023	Common Stock	2,094		Direct	F2
transaction	LNW	Restricted Stock Units	Options Exercise	$0	-9,375	-50%	$0.000000	9,375	20 Mar 2023	Common Stock	9,375		Direct	F3
transaction	LNW	Restricted Stock Units	Options Exercise	$0	-2,236	-50%	$0.000000	2,236	20 Mar 2023	Common Stock	2,236		Direct	F4
transaction	LNW	Restricted Stock Units	Options Exercise	$0	-3,430	-33%	$0.000000	6,860	20 Mar 2023	Common Stock	3,430		Direct	F5

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

Explanation of Responses:

Id	Content
F1	Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
F2	Represents vesting of one-fourth of restricted stock units granted on March 20, 2019. 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 April 3, 2020. The balance of the award is scheduled to vest on March 20, 2024. Each unit converts into a share of common stock on a one-for-one basis.
F4	Represents vesting of one-third of restricted stock units granted on March 22, 2021. The balance of the award is scheduled to vest on March 20, 2024. Each unit converts into a share of common stock on a one-for-one basis.
F5	Represents vesting of one-third of restricted stock units granted on March 25, 2022. The balance of the award is scheduled to vest in two equal installments on March 20, 2024 and March 20, 2025. Each unit converts into a share of common stock on a one-for-one basis.