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.
Light & Wonder, Inc. received a Form 4 filing from investment entities affiliated with Fine Capital regarding sales of common stock. On January 27, 2026, these reporting persons sold 2,225, 2,426, and 4,386 shares of common stock in three separate transactions.
The weighted average sale prices were $112.2933, $113.2784, and $113.9387, respectively. After the final transaction, the reporting persons had an indirect pecuniary interest in 8,151,955 shares. The filing explains this interest is held through investments in private funds, and each reporting person disclaims beneficial ownership beyond their pecuniary interest.
Entities associated with Fine Capital reported selling 5,694 shares of Light & Wonder, Inc. common stock on January 22, 2026. The sale was executed at a weighted average price of $116.2875 per share, with individual trade prices ranging from $116.2783 to $116.4219. After this transaction, the reporting parties had an indirect pecuniary interest in 8,160,992 shares, held through investments in private funds. The reporting persons state that they disclaim beneficial ownership of these securities except to the extent of their pecuniary interest.
Light & Wonder, Inc. amended its main credit facility through Amendment No. 4, creating a new tranche of $2,134,562,718.75 term loans under its Credit Agreement that will mature on April 14, 2029 and replace the existing term loans. The amendment also lowers the interest margins to 2.00% per annum over term benchmark rates such as SOFR, EURIBOR and BBSY, and to 1.00% per annum over ABR. These changes update the pricing and structure of the company’s secured term debt without increasing the stated principal amount. The amendment is documented in Amendment No. 4, dated January 22, 2026, with JPMorgan Chase Bank, N.A. acting as administrative and collateral agent and as issuing and swingline lender.
Light & Wonder, Inc. amended its main credit facility through Amendment No. 4, creating a new tranche of $2,134,562,718.75 term loans under its Credit Agreement that will mature on April 14, 2029 and replace the existing term loans. The amendment also lowers the interest margins to 2.00% per annum over term benchmark rates such as SOFR, EURIBOR and BBSY, and to 1.00% per annum over ABR. These changes update the pricing and structure of the company’s secured term debt without increasing the stated principal amount. The amendment is documented in Amendment No. 4, dated January 22, 2026, with JPMorgan Chase Bank, N.A. acting as administrative and collateral agent and as issuing and swingline lender.
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.
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.
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.
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.
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. 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.