Antonia Korsanos - 01 Oct 2025 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role: Director
Signature: /s/ James Sottile, attorney-in-fact for Antonia Korsanos
Issuer symbol: LNW
Transactions as of: 01 Oct 2025
Net transactions value: $0
Form type: 4
Filing time: 03 Oct 2025, 19:18:08 UTC
Previous filing: 11 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Korsanos Antonia	Director	C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS	/s/ James Sottile, attorney-in-fact for Antonia Korsanos	03 Oct 2025	0001825242

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LNW	Common Stock	Options Exercise	$0	+1,417	+6.2%	$0.000000	24,232	01 Oct 2025	Direct
transaction	LNW	Common Stock	Options Exercise	$0	+3,333	+14%	$0.000000	27,565	01 Oct 2025	Direct
holding	LNW	Common Stock						313	01 Oct 2025	By Child	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	-1,417	-50%	$0.000000	1,418	01 Oct 2025	Common Stock	1,417		Direct	F2
transaction	LNW	Restricted Stock Units	Options Exercise	$0	-3,333	-50%	$0.000000	3,334	01 Oct 2025	Common Stock	3,333		Direct	F3

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

Explanation of Responses:

Id	Content
F1	The reporting person disclaims beneficial ownership of the shares held by her child, which underly Chess Depositary Interests ("CDIs"). CDIs are units of beneficial ownership in shares of common stock of the Company that are publicly traded on the Australian Securities Exchange (the "ASX") and held by CHESS Depository Nominees Pty Limited, a subsidiary of ASX Limited, the company that operates the ASX. Each CDI represents one fully paid share of common stock. This report should not be deemed an admission that the reporting person is the beneficial owner of her child's shares for purposes of Section 16 or for any other purpose.
F2	Represents vesting of one-third of the restricted stock units granted on December 11, 2023. The balance of the award is scheduled to vest on October 1, 2026. Each unit converts into a share of common stock on a one-for-one basis.
F3	Represents vesting of one-third of the restricted stock units granted on December 11, 2023. The balance of the award is scheduled to vest on October 1, 2026. Each unit converts into a share of common stock on a one-for-one basis.