Welcome to our dedicated page for Light & Wonder SEC filings (Ticker: LAWIL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This SEC filings page for LIGHT & WONDER INC CDI (LAWIL) provides access to the U.S. regulatory documents of its underlying issuer, Light & Wonder, Inc., a Nevada corporation identified in SEC records with Commission File Number 001-11693 and common stock historically listed on The Nasdaq Stock Market under the symbol LNW. These filings are central for understanding the legal, governance, and listing framework that underpins LAWIL and its related CHESS Depositary Interests.
Among the most significant documents are Form 8-K current reports, which describe material events such as the company’s transition from a dual Nasdaq/ASX listing to a sole standard listing on the Australian Securities Exchange. One Form 8-K explains the adoption of Fourth Amended and Restated Bylaws to align with ASX listing rules, adjust voting standards to a majority of votes cast, update exclusive forum provisions under Nevada law, and move stock issuances toward uncertificated shares.
This page also surfaces Form 25, where Light & Wonder, Inc. notified the SEC of the voluntary removal of its common stock from listing and registration on Nasdaq under Rule 12d2-2(c). The Form 25 and related 8-K specify that the common stock was delisted from Nasdaq on November 13, 2025 and is expected to become deregistered under Section 12(b) of the Exchange Act after a ninety-day period.
Additional filings include a Form 8-K/A that amends a prior 8-K to update the timeline for the retirement of the company’s Chief Legal Officer and Corporate Secretary and the appointment of a successor, reported under Item 5.02. Regulation FD disclosures on Form 8-K also describe the furnishing of an Appendix 4A Statement of CHESS Depositary Interests on Issue to the Australian Securities Exchange.
On Stock Titan, these filings are paired with AI-powered summaries that explain the purpose and implications of each document in plain language, helping users interpret complex items such as Nasdaq delisting notices, bylaw amendments, and officer transition disclosures without reading every line of the original text.
Fine Capital Partners, L.P., Fine Capital Advisors, LLC and related reporting persons disclosed open-market sales of Light & Wonder, Inc. common stock in mid‑January 2026. Across transactions on January 19–21, 2026, private funds in which they hold a pecuniary interest sold a combined 30,501 shares at weighted average prices ranging from about $115.01 to $121.35 per share. Following these sales, the filing shows 8,166,686 shares of Light & Wonder common stock indirectly beneficially owned through private funds. The reporting persons state that this amount reflects only their pecuniary interest via these funds and they disclaim beneficial ownership beyond that interest.
BlackRock, Inc. filed an amended ownership report showing a relatively small, passive stake in Light & Wonder, Inc. BlackRock reports beneficial ownership of 699,360 shares of Class A stock, representing 0.9% of the outstanding class as of the event date. It has sole voting power over 666,842 shares and sole dispositive power over 699,360 shares, with no shared voting or dispositive power.
The filing notes that various underlying clients or funds have the right to receive dividends or sale proceeds from these shares, but no single person has more than five percent of Light & Wonder’s total outstanding common shares. BlackRock certifies that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the company.
Fine Capital Partners, L.P. and related entities reported indirect sales of a total of 15,000 shares of Light & Wonder, Inc. common stock on January 9, 2026. The filing lists one sale of 14,188 shares at a weighted average price of $103.4532 per share and a second sale of 812 shares at a weighted average price of $103.9993 per share. After these transactions, the reporting persons had an indirect pecuniary interest in 8,197,187 shares of common stock held through private investment funds. The reporting persons state that their interest reflects only their pecuniary stake in these funds and disclaim beneficial ownership beyond that interest.
Light & Wonder, Inc. director reporting persons disclosed multiple sales of common stock on 12/29/2025. The transactions, all marked with code "S" for sale, involved blocks of 2,932, 5,940, 11,065 and 63 shares at weighted average prices of approximately $101.972, $102.9429, $103.8941 and $104.4428 per share.
The filing states that these prices reflect weighted averages for trades executed within specified ranges from $101.73 up to $104.16, and that full trade details are available upon request. After the reported transactions, the reporting persons indirectly held 8,212,187 shares of Light & Wonder common stock through investments in private funds and expressly disclaim beneficial ownership beyond their pecuniary interest.
Fine Capital Partners, L.P. and related reporting persons disclosed a disposition of 12,000 shares of Light & Wonder, Inc. common stock on December 12, 2025. The shares were transacted at a weighted average price of $100.778 per share, with individual trades occurring between $100.28 and $101.12.
After this transaction, the reporting persons had indirect beneficial ownership of 8,232,187 shares held through investments in private funds and state that they disclaim beneficial ownership beyond their pecuniary interest. The filers are identified as directors of Light & Wonder and submitted this report jointly.
Fine Capital entities and related reporting persons filed an amended ownership report for Light & Wonder, Inc. covering indirect holdings of common stock. They reported four non-derivative transactions in December 2025: 7,500 shares on 12/08/2025 at a weighted average price of $99.9103, and 3,116, 1,058 and 867 shares on 12/09/2025 at weighted average prices of $100.9505, $102.0462 and $102.9479. Following these dispositions, they indirectly held 8,244,187 shares through private funds based on pecuniary interest. The amendment was filed to show all dollar amounts in U.S. dollars rather than Australian dollars.
Light & Wonder, Inc. had an amended Form 4 filed by Fine Capital Partners, L.P., Fine Capital Advisors, LLC, and Debra Fine, who is listed as a director and more than 10% owner. The amendment updates the address of the reporting persons.
The filing reports multiple transactions in Light & Wonder common stock on December 8–9, 2025 at weighted average prices of $150.8338, $151.9219, $152.5706, $153.8229, $155.0209, and $155.5018 per share. After these trades, the reporting persons indirectly held 8,244,187 shares of common stock.
The positions are held through private funds, and each reporting person states that they disclaim beneficial ownership beyond their pecuniary interest in these securities.
Light & Wonder, Inc. insider Debra Fine and affiliated investment entities reported their beneficial ownership in the company, with an event date of 11/05/2025. The filing shows private funds managed by Fine Capital Partners, L.P. indirectly holding 8,245,687 shares of Light & Wonder common stock, while 13,000 shares are owned directly by Debra Fine for her personal account. The amendment states it was filed to correct the address of the reporting persons and clarifies that each reporting person disclaims beneficial ownership beyond its or her economic interest.
Light & Wonder, Inc. reported insider equity transactions by a major shareholder group and director-affiliated entities. The reporting persons, filing jointly, disclosed several market transactions in Common Stock, $.001 par value dated 12/08/2025 and 12/09/2025, each coded as transaction type "S". One transaction on 12/08/2025 covered 7,500 shares at a weighted average price of $150.8338, with additional transactions on 12/09/2025 involving 2,496, 811, 867, 2,068 and 758 shares at weighted average prices between $151.9219 and $155.5018, all reported as indirect holdings.
Following these transactions, the filing shows 8,244,187 shares of Light & Wonder common stock beneficially owned indirectly. The footnotes explain that the reported prices are weighted averages across multiple trades within specified price ranges and that the reporting persons’ interest is held through private funds, with beneficial ownership disclaimed beyond each party’s pecuniary interest.
Fine Capital Partners, L.P., Fine Capital Advisors, LLC and Debra Fine report significant ownership in Light & Wonder, Inc. The filing shows indirect beneficial ownership of 8,245,687 shares of common stock held in private funds for which Fine Capital Partners, L.P. serves as investment manager and Fine Capital Advisors, LLC serves as general partner. Ms. Debra Fine may be deemed a beneficial owner of these fund-held shares through her role as manager of Fine Capital Advisors, LLC. In addition, she directly owns 13,000 shares of Light & Wonder common stock for her personal account and sole benefit, which are not beneficially owned by Fine Capital Partners, L.P. or Fine Capital Advisors, LLC.