Vanja Kalabic - 20 Mar 2025 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role
SVP & Chief Accounting Officer
Signature
/s/ James Sottile, attorney-in-fact for Vanja Kalabic
Issuer symbol
LNW
Transactions as of
20 Mar 2025
Net transactions value
-$104,290
Form type
4
Filing time
21 Mar 2025, 21:12:59 UTC
Previous filing
07 Mar 2025
Next filing
15 May 2025
SEC
View on sec.gov

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 +847 +17% $0.000000 5,863 20 Mar 2025 Direct
transaction LNW Common Stock Tax liability $32,603 -317 -5.4% $102.85 5,546 20 Mar 2025 Direct F1
transaction LNW Common Stock Exercise of in-the-money or at-the-money derivative security $0 +1,195 +22% $0.000000 6,741 20 Mar 2025 Direct
transaction LNW Common Stock Tax liability $45,974 -447 -6.6% $102.85 6,294 20 Mar 2025 Direct F1
transaction LNW Common Stock Options Exercise $0 +668 +11% $0.000000 6,962 20 Mar 2025 Direct
transaction LNW Common Stock Tax liability $25,712 -250 -3.6% $102.85 6,712 20 Mar 2025 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 -847 -100% $0.000000 0 20 Mar 2025 Common Stock 847 Direct F2
transaction LNW Restricted Stock Units Exercise of in-the-money or at-the-money derivative security $0 -1,195 -50% $0.000000 1,195 20 Mar 2025 Common Stock 1,195 Direct F3
transaction LNW Restricted Stock Units Options Exercise $0 -668 -33% $0.000000 1,336 20 Mar 2025 Common Stock 668 Direct F4
* 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-third of restricted stock units granted on March 25, 2022. The award has fully vested. Each restricted stock unit converted into a share of common stock on a one-for-one basis.
F3 Represents the vesting of one-third of restricted stock units granted on March 24, 2023. The balance of the award is scheduled to vest on March 20, 2026. Each restricted stock unit converts into a share of common stock on a one-for-one basis.
F4 Represents the vesting of one-third of restricted stock units granted on March 20, 2024. The balance of the award is scheduled to vest in two equal installments of 668 shares on March 20, 2026 and March 20, 2027. Each restricted stock unit converts into a share of common stock on a one-for-one basis.