Vanja Kalabic - Mar 20, 2024 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role: SVP & Chief Accounting Officer
Signature: /s/ James Sottile, attorney-in-fact for Vanja Kalabic
Stock symbol: LNW
Transactions as of: Mar 20, 2024
Transactions value $: -$125,449
Form type: 4
Date filed: 3/22/2024, 08:57 PM
Previous filing: Mar 7, 2024
Next filing: May 14, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LNW	Common Stock	Exercise of in-the-money or at-the-money derivative security	$0	+3.36K	+210%	$0.00	4.96K	Mar 20, 2024	Direct
transaction	LNW	Common Stock	Tax liability	-$125K	-1.26K	-25.34%	$99.80	3.7K	Mar 20, 2024	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	Exercise of in-the-money or at-the-money derivative security	$0	-989	-100%	$0.00^*	0	Mar 20, 2024	Common Stock	989		Direct	F2
transaction	LNW	Restricted Stock Units	Exercise of in-the-money or at-the-money derivative security	$0	-330	-100%	$0.00^*	0	Mar 20, 2024	Common Stock	330		Direct	F3
transaction	LNW	Restricted Stock Units	Exercise of in-the-money or at-the-money derivative security	$0	-847	-50%	$0.00	847	Mar 20, 2024	Common Stock	847		Direct	F4
transaction	LNW	Restricted Stock Units	Exercise of in-the-money or at-the-money derivative security	$0	-1.19K	-33.31%	$0.00	2.39K	Mar 20, 2024	Common Stock	1.19K		Direct	F5
transaction	LNW	Restricted Stock Units	Award	$0	+2K		$0.00	2K	Mar 20, 2024	Common Stock	2K		Direct	F6
transaction	LNW	Restricted Stock Units	Award	$0	+1K		$0.00	1K	Mar 20, 2024	Common Stock	1K		Direct	F7
transaction	LNW	Restricted Stock Units	Award	$0	+1K		$0.00	1K	Mar 20, 2024	Common Stock	1K		Direct	F8

* 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 the vesting of one-fourth of restricted stock units granted on April 3, 2020. The award has fully vested. Each restricted stock unit converted into a share of class A common stock on a one-for-one basis.
F3	Represents the vesting of one-third of restricted stock units granted on March 22, 2021. The award has fully vested. Each restricted stock unit converted into a share of class A common stock on a one-for-one basis.
F4	Represents the vesting of one-third of restricted stock units granted on March 25, 2022. The balance of the award is scheduled to vest on March 20, 2025. Each restricted stock unit converts into a share of class A common stock on a one-for-one basis.
F5	Represents the vesting of one-third of restricted stock units granted on March 24, 2023. The balance of the award is scheduled to vest in equal installments of 1,195 shares on March 20, 2025 and March 20, 2026. Each restricted stock unit converts into a share of class A common stock on a one-for-one basis.
F6	The restricted stock units are scheduled to vest in equal installments on each of March 20, 2025, 2026 and 2027. Each unit converts into a share of common stock on a one-for-one basis.
F7	The restricted stock units are scheduled to cliff vest on March 20, 2027, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2026, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis.
F8	The restricted stock units are scheduled to cliff vest on March 20, 2027, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2026, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis.