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

Role: Exec VP & Chief Legal Officer
Signature: /s/ James Sottile
Stock symbol: LNW
Transactions as of: Mar 20, 2023
Transactions value $: -$470,523
Form type: 4
Date filed: 3/22/2023, 08:47 PM
Previous filing: Oct 6, 2022
Next filing: Mar 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LNW	Common Stock	Options Exercise	$0	+17.1K	+40.96%	$0.00	59K	Mar 20, 2023	Direct
transaction	LNW	Common Stock	Tax liability	-$471K	-8.24K	-13.97%	$57.13	50.7K	Mar 20, 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	-2.09K	-100%	$0.00^*	0	Mar 20, 2023	Common Stock	2.09K		Direct	F2
transaction	LNW	Restricted Stock Units	Options Exercise	$0	-9.38K	-50%	$0.00	9.38K	Mar 20, 2023	Common Stock	9.38K		Direct	F3
transaction	LNW	Restricted Stock Units	Options Exercise	$0	-2.24K	-50%	$0.00	2.24K	Mar 20, 2023	Common Stock	2.24K		Direct	F4
transaction	LNW	Restricted Stock Units	Options Exercise	$0	-3.43K	-33.33%	$0.00	6.86K	Mar 20, 2023	Common Stock	3.43K		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.