Director at Light & Wonder (ASX: LNW) gets 664 RSUs grant

Rhea-AI Filing Summary

Light & Wonder director Hamish McLennan received and exercised equity awards tied to his board service. He was granted 664 restricted stock units as payment for work on a special board committee, which immediately converted on a one-for-one basis into 664 shares of common stock. After this conversion, he directly holds 26,446 shares of common stock, and also has indirect holdings of 6,380 shares through a superannuation fund and 9,750 shares through the Londolozi Family Trust.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McLennan Hamish

(Last) (First) (Middle)

C/O LIGHT & WONDER, INC.

6601 BERMUDA ROAD

(Street)

LAS VEGAS NV 89119

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Light & Wonder, Inc. [ ASX:LNW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	03/12/2026		M		664	A	$0	26,446	D
Common Stock								6,380	I	Superannuation Fund(2)
Common Stock								9,750	I	Londolozi Family Trust(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(4)	03/12/2026		A		664		(4)	(4)	Common Stock	664	$0	664	D
Restricted Stock Units	(4)	03/12/2026		M			664	(4)	(4)	Common Stock	664	$0	0	D

Explanation of Responses:

1. 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.

2. Represents shares of common stock held by Linyanti Holdings Pty Limited ATF McLennan Superannuation Fund, a retirement fund of which Mr. McLennan is the beneficiary.

3. Represents shares of common stock held by Londolozi Pty Limited ATF Londolozi Family Trust, of which Mr. McLennan serves as trustee.

4. Represents immediately restricted stock units granted pursuant to a determination by the Board of Directors of the issuer (the "Board of Directors") as payment in respect of the reporting person's service on a special committee of the Board of Directors prior to the date of grant. Each restricted stock unit converted into a share of common stock on a one-for-one basis.

	/s/ Hamish McLennan	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Hamish McLennan report in this Form 4 for Light & Wonder (LNW)?

Hamish McLennan reported a grant of 664 restricted stock units, which immediately converted into 664 shares of Light & Wonder common stock. These units were granted as payment for his service on a special committee of the Board of Directors.

How many Light & Wonder (LNW) shares does Hamish McLennan hold after this filing?

After the transactions, Hamish McLennan directly holds 26,446 shares of Light & Wonder common stock. He also has indirect holdings of 6,380 shares via a superannuation fund and 9,750 shares through the Londolozi Family Trust associated with him.

What is the nature of the 664 restricted stock units granted to Hamish McLennan at Light & Wonder (LNW)?

The 664 restricted stock units were granted as immediate compensation for McLennan’s service on a special committee of the Board of Directors. Each unit converted into one share of Light & Wonder common stock on a one-for-one basis at grant.

Were there any open-market purchases or sales by Hamish McLennan in this Light & Wonder (LNW) Form 4?

The Form 4 shows no open-market purchases or sales. It reports a grant of 664 restricted stock units and their conversion into common stock, with no shares classified as bought or sold in the market in this filing.

How are Hamish McLennan’s indirect Light & Wonder (LNW) holdings structured?

McLennan’s indirect holdings include shares held by Linyanti Holdings Pty Limited ATF McLennan Superannuation Fund, where he is the beneficiary, and by Londolozi Pty Limited ATF Londolozi Family Trust, where he serves as trustee, as described in the footnotes.

What are CHESS Depositary Interests (CDIs) mentioned in the Light & Wonder (LNW) filing?

The filing explains that CHESS Depositary Interests, or CDIs, are units of beneficial ownership in Light & Wonder common stock traded on the Australian Securities Exchange. Each CDI represents one fully paid share of the company’s common stock.