Welcome to our dedicated page for Light & Wonder SEC filings (Ticker: LNW), 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.
The Light & Wonder, Inc. (LNW) SEC filings page on Stock Titan provides access to the company’s U.S. regulatory disclosures, alongside AI-powered summaries to help interpret complex documents. Light & Wonder is a Nevada corporation that has filed current reports on Form 8-K, an amendment to an 8-K, and a Form 25 related to the voluntary delisting of its common stock from The Nasdaq Stock Market.
Through these filings, investors can review information on material events such as the proposed and completed offering of senior unsecured notes due 2033 by its subsidiary Light and Wonder International, Inc., and the intended use of proceeds to refinance existing notes and repay borrowings under a revolving credit facility. Other 8-K filings furnish to the SEC copies of Appendix 4A statements provided to the Australian Securities Exchange (ASX), reflecting the number of CHESS Depositary Interests on issue.
A key document for LNW is its Form 25, where the company certifies its voluntary removal from listing and registration under Section 12(b) of the Exchange Act. The filing notes that the company’s common stock was delisted from Nasdaq on November 13, 2025 and is expected to become deregistered under Section 12(b) 90 days after the Form 25 filing. Another 8-K describes amendments to the company’s bylaws adopted in connection with its transition to a sole standard listing on the ASX, including changes to voting standards, exclusive forum provisions, and the default form of share issuance.
AI tools on this page can help users quickly identify the main points in each filing, such as the nature of a financing transaction, the implications of a listing change, or the details of a leadership transition disclosed in an 8-K/A. For those tracking LNW’s regulatory history, these filings collectively document how Light & Wonder manages its exchange listings, capital structure and governance changes within the U.S. reporting framework, even as its primary listing focus shifts to the ASX.
Light & Wonder, Inc. had its initial insider holdings reported on a Form 3 by Fine Capital Partners, L.P., Fine Capital Advisors, LLC and Debra Fine as ten-percent owners. The filing shows indirect beneficial ownership of 7,848,992 shares of common stock through private funds, plus 13,000 shares held directly by Debra Fine for her personal account. The reporting parties state that Fine Capital Partners is investment manager to the private funds, Fine Capital Advisors is general partner of Fine Capital Partners, and Debra Fine manages Fine Capital Advisors, and each disclaims beneficial ownership beyond its or her pecuniary interest.
Light & Wonder, Inc. had an affiliated investment group led by Fine Capital Partners, L.P., a 10% owner, report recent activity in its common stock. Private funds it manages sold 80,000 shares in the open market at a weighted average price of $82.4428 per share, leaving 7,768,992 shares held indirectly afterward.
The group then made an additional in‑kind distribution of 102,200 shares from those private funds to certain investors for no cash consideration, reducing indirect holdings to 7,666,792 shares. Separately, 13,000 shares are owned directly by Debra Fine for her personal account, and are not held by the Fine Capital entities. The reporting parties state they may be deemed beneficial owners only to the extent of their pecuniary interest.
Vanguard Capital Management reported beneficial ownership of 4,566,853 shares of Light & Wonder Inc. common stock, representing 5.69% of the class as of 03/31/2026. The filing states Vanguard has sole voting power for 2,334,257 shares and sole dispositive power for 4,566,853 shares.
Light & Wonder, Inc. is asking stockholders to vote at a fully virtual annual meeting on June 10, 2026 on five key items: electing nine directors, an advisory say-on-pay, 2026 equity grants for the director-CEO, a non-employee director fee pool, and auditor ratification.
The company had 78,661,761 common shares outstanding as of April 13, 2026, each with one vote. It proposes granting up to 37,644 RSUs to CEO Matthew Wilson for 2026 and setting a maximum annual non-employee director cash and equity compensation pool of $4.5 million. Deloitte & Touche LLP is nominated as independent auditor for 2026.
The proxy highlights 2025 results of $3.3 billion in revenue, $276 million in net income and $1.44 billion in Consolidated AEBITDA, plus $877 million of share or CDI repurchases in 2025 and $1.9 billion cumulatively since March 2022. Annual bonuses for executives paid at 73.1% of target, while long-term PSU vesting reached 100% of target.
Light & Wonder, Inc. reported routine equity compensation activity for President & CEO Matthew R. Wilson as restricted stock units vested and converted into common stock. On March 20, 2026 he acquired 51,978 shares of common stock through the exercise or conversion of restricted stock units, each on a one-for-one basis.
To satisfy tax withholding obligations on these vestings, 20,454 shares of common stock were disposed of at a price of $78.61 per share, with the shares delivered rather than sold in the open market. Following these transactions, Wilson directly owned 198,272 shares of common stock, which are held via CHESS Depositary Interests on the Australian Securities Exchange, with each CDI representing one fully paid share.
Light & Wonder, Inc. senior executive Siobhan Lane reported compensation-related equity activity. On March 20, 2026, a total of 19,991 restricted stock units vested and converted into the same number of common shares, reflecting time-based and performance-based RSU awards.
To satisfy tax obligations on these vestings, 8,316 common shares were withheld at a price of $78.61 per share, which is recorded as a disposal but is not an open-market sale. After these transactions, Lane directly holds 16,933 shares of common stock, with no remaining RSUs from the reported grants.
Light & Wonder, Inc. executive Kalabic Vanja, SVP & Chief Accounting Officer, reported the vesting and exercise of restricted stock units that converted into 1,863 shares of common stock on March 20, 2026. These shares are held via CHESS Depositary Interests traded on the Australian Securities Exchange.
To cover tax obligations on the vesting, 671 shares were withheld at a reference price of $78.61 per share, leaving a net increase in directly held stock. Following these routine compensation-related transactions, Vanja directly owns 8,233 shares/CDIs of Light & Wonder common stock.
Light & Wonder EVP, CFO & Treasurer Oliver Chow increased his equity stake through RSU vesting and exercises. On March 20, 2026, he exercised and vested restricted stock units covering 4,667 shares of common stock, including performance-based awards where 100% of the RSUs vested after three-year criteria were met.
The transactions reflect one-third vesting of grants from August 25, 2023 and March 20, 2024, plus cliff vesting of performance RSUs, all converting into common stock on a one-for-one basis. To satisfy tax obligations, 1,838 shares were withheld at a price of $78.61 per share, rather than sold in the open market.
Following these compensation-related events, Chow directly owns 8,975 shares of common stock, held via CHESS Depositary Interests on the Australian Securities Exchange, with no remaining derivative positions reported in this filing.
Light & Wonder, Inc. director Stephen W. Morro reported compensation-related equity activity involving 2,214 restricted stock units on March 12, 2026. He received a grant of 2,214 restricted stock units as payment for service on a special board committee, with each unit convertible into one share of common stock.
On the same date, he exercised these 2,214 restricted stock units into 2,214 shares of common stock at a conversion price of $0.00 per share, increasing his directly held common stock position to 14,629 shares. The shares are held via CHESS Depositary Interests on the Australian Securities Exchange, with each CDI representing one fully paid share of common stock.
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.