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

Role
EVP, CFO & Treas
Signature
/s/ James Sottile, attorney-in-fact for Oliver Chow
Issuer symbol
LNW
Transactions as of
20 Mar 2025
Net transactions value
-$102,747
Form type
4
Filing time
21 Mar 2025, 21:17:19 UTC
Previous filing
07 Mar 2025
Next filing
27 Aug 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 +710 +19% $0.000000 4,405 20 Mar 2025 Direct
transaction LNW Common Stock Tax liability $28,798 -280 -6.4% $102.85 4,125 20 Mar 2025 Direct F1
transaction LNW Common Stock Options Exercise $0 +1,826 +44% $0.000000 5,951 20 Mar 2025 Direct
transaction LNW Common Stock Tax liability $73,949 -719 -12% $102.85 5,232 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 -710 -50% $0.000000 711 20 Mar 2025 Common Stock 710 Direct F2
transaction LNW Restricted Stock Units Options Exercise $0 -1,826 -33% $0.000000 3,653 20 Mar 2025 Common Stock 1,826 Direct F3
* 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 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.
F3 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 substantially equal installments on March 20, 2026 (1,826 shares) and March 20, 2027 (1,827 shares). Each restricted stock unit converts into a share of common stock on a one-for-one basis.