Fine Capital reports major Light & Wonder stake
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.
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Fine Capital Partners, L.P., Fine Capital Advisors, LLC, Fine Debra
Role
10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock, par value $.001 per share | -- | -- | -- |
| holding | Common Stock, par value $.001 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $.001 per share — 7,848,992 shares (Indirect, (See Footnote));
Common Stock, par value $.001 per share — 13,000 shares (Direct)
Footnotes (2)
- F1. The securities reported herein are held in the accounts of private funds. Fine Capital Partners, L.P. may be deemed to be a beneficial owner of such securities by virtue of its role as the investment manager of such private funds. Fine Capital Advisors, LLC may be deemed to be a beneficial owner of such securities by virtue of its role as the general partner of Fine Capital Partners, L.P. Ms. Debra Fine may be deemed to be a beneficial owner of such securities by virtue of her role as the manager of Fine Capital Advisors, LLC. Except as otherwise stated herein, each Reporting Person disclaims beneficial ownership in the securities reported on this Form 3 except to the extent of its or her pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F2. These 13,000 shares are owned directly by Debra Fine for her personal account and for her sole benefit. These shares are not beneficially owned by Fine Capital Partners, L.P. or Fine Capital Advisors, LLC.
Key Figures
Indirectly held shares: 7,848,992 shares
Direct personal holdings: 13,000 shares
Holding entries: 2 entries
+1 more
4 metrics
Indirectly held shares
7,848,992 shares
Common stock beneficially owned through private funds
Direct personal holdings
13,000 shares
Common stock owned directly by Debra Fine
Holding entries
2 entries
Form 3 holding records for direct and indirect ownership
Unknown transaction records
2 records
Transaction summary entries with unknown direction on Form 3
Key Terms
beneficial owner, private funds, pecuniary interest, Section 16
4 terms
beneficial owner financial
"Fine Capital Partners, L.P. may be deemed to be a beneficial owner of such securities"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
private funds financial
"The securities reported herein are held in the accounts of private funds."
Private funds are pools of money from a limited group of investors that a professional manager uses to buy assets such as private companies, real estate, debt, or specialized trading strategies; they are not traded on public stock exchanges and usually restrict how and when investors can withdraw money. Think of them as a private investment club that can offer higher potential returns but also higher fees, less transparency and liquidity, and greater risk — factors investors weigh against their goals and time horizon.
pecuniary interest financial
"disclaims beneficial ownership in the securities reported ... except to the extent of its or her pecuniary interest"
Section 16 regulatory
"beneficial owner of such securities for purposes of Section 16 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider stake does Fine Capital report in Light & Wonder (LNW)?
Fine Capital-related entities report beneficial ownership of 7,848,992 shares of Light & Wonder common stock through private funds. In addition, Debra Fine personally owns 13,000 shares directly for her own account and sole benefit, according to the Form 3 disclosure.
Who are the reporting persons on the Light & Wonder (LNW) Form 3?
The Form 3 lists Fine Capital Partners, L.P., Fine Capital Advisors, LLC, and Debra Fine as reporting persons. Each is identified as a ten-percent owner of Light & Wonder, reflecting their roles in managing or controlling the private funds that hold the shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
