Vanja Kalabic - 04 Mar 2026 Form 4 Insider Report for Light & Wonder, Inc. (LAWIL)

Role
SVP & Chief Accounting Officer
Signature
/s/ Sweta Gabhawala, attorney-in-fact for Vanja Kalabic
Issuer symbol
LAWIL
Transactions as of
04 Mar 2026
Net transactions value
-$137,089
Form type
4
Filing time
06 Mar 2026, 21:33:51 UTC
Previous filing
15 May 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Kalabic Vanja SVP & Chief Accounting Officer LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS /s/ Sweta Gabhawala, attorney-in-fact for Vanja Kalabic 06 Mar 2026 0001991621

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAWIL Common Stock Options Exercise +1,889 +27% $0.000000* 8,930 04 Mar 2026 Direct F1
transaction LAWIL Common Stock Tax liability -756 -8.5% $91.05* 8,174 04 Mar 2026 Direct F1, F2
transaction LAWIL Common Stock Options Exercise +646 +7.9% $0.000000* 8,820 05 Mar 2026 Direct F1
transaction LAWIL Common Stock Tax liability -259 -2.9% $92.62* 8,561 05 Mar 2026 Direct F1, F3
transaction LAWIL Common Stock Sale $137,089 -1,520 -18% $90.19 7,041 05 Mar 2026 Direct F1, F4

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 LAWIL Restricted Stock Units Award +1,889 $0.000000* 1,889 04 Mar 2026 Common Stock 1,889 Direct F5
transaction LAWIL Restricted Stock Units Options Exercise -1,889 -100% $0.000000* 0 04 Mar 2026 Common Stock 1,889 Direct F5
transaction LAWIL Restricted Stock Units Award +2,842 $0.000000* 2,842 04 Mar 2026 Common Stock 2,842 Direct F6
transaction LAWIL Restricted Stock Units Award +1,421 $0.000000* 1,421 04 Mar 2026 Common Stock 1,421 Direct F7
transaction LAWIL Restricted Stock Units Award +1,421 $0.000000* 1,421 04 Mar 2026 Common Stock 1,421 Direct F8
transaction LAWIL Restricted Stock Units Options Exercise -646 -33% $0.000000* 1,293 05 Mar 2026 Common Stock 646 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Vanja Kalabic is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Shares are held via CHESS Depositary Interests ("CDIs"), which 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 Depositary Nominees Pty. Limited, a subsidiary of ASX Limited, the company that operates the ASX. Each CDI represents one fully paid share of common stock.
F2 Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units. Price converted from Australian Dollars into U.S. Dollars based on an exchange rate of $1 AUD to $0.7093 USD.
F3 Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units. Price converted from Australian Dollars into U.S. Dollars based on an exchange rate of $1 AUD to $0.7075 USD.
F4 Price converted from Australian Dollars into U.S. Dollars based on an exchange rate of $1 AUD to $0.7075 USD.
F5 Represents restricted stock units granted pursuant to a determination by the Compensation Committee of the Board of Directors of the issuer as payment in respect of the annual bonus earned by the reporting person with respect to 2025. The number of units was determined by dividing the dollar value of the bonus earned, based on actual performance for 2025, by the average of the high and low prices of the CDIs on the day preceding the grant date. Since the restricted stock units are payment in respect of the 2025 bonus, they are subject to immediate vesting. Each unit converts into a share of common stock on a one-for-one basis.
F6 The restricted stock units are scheduled to vest in three equal installments on March 4, 2027, 2028 and 2029.
F7 The restricted stock units are scheduled to cliff vest on March 4, 2029, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2028, 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 4, 2029, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2028, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis.
F9 Represents the vesting of one-third of restricted stock units granted on March 5, 2025. The balance of the award is scheduled to vest in two substantially equal installments on March 5, 2027 (646 shares) and March 5, 2028 (647 shares). Each restricted stock unit converts into a share of common stock on a one-for-one basis.