Light & Wonder (LNW) gaming chief sells 17,394 shares

Rhea-AI Filing Summary

Light & Wonder, Inc. senior vice president and CEO of Gaming Siobhan Lane reported open-market sales of a total of 17,394 shares of common stock on March 9–10, 2026, at prices in the high-$80s to around $90 per share. After these transactions, Lane directly holds 18,211 shares of Light & Wonder common stock.

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

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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^*

Lane Siobhan

(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. [ LNWO ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & CEO - Gaming

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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	03/09/2026		S		2,681	D	$89.76(1)	32,924	D
Common Stock	03/09/2026		S		2,319	D	$90.79(2)	30,605	D
Common Stock	03/10/2026		S		4,887	D	$88.84(3)	25,718	D
Common Stock	03/10/2026		S		7,237	D	$89.66(4)	18,481	D
Common Stock	03/10/2026		S		270	D	$90.39(5)	18,211	D

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

Explanation of Responses:

1. The transaction was executed in multiple trades at prices ranging from $89.46 to $90.31. The price reported above reflects the weighted average purchase price. Details regarding aggregated purchase transactions will be provided upon request by the Commission staff, the issuer or a security holder of the issuer.

2. The transaction was executed in multiple trades at prices ranging from $90.70 to $90.97. The price reported above reflects the weighted average purchase price. Details regarding aggregated purchase transactions will be provided upon request by the Commission staff, the issuer or a security holder of the issuer.

3. The transaction was executed in multiple trades at prices ranging from $88.22 to $89.20. The price reported above reflects the weighted average purchase price. Details regarding aggregated purchase transactions will be provided upon request by the Commission staff, the issuer or a security holder of the issuer.

4. The transaction was executed in multiple trades at prices ranging from $89.25 to $90.24. The price reported above reflects the weighted average purchase price. Details regarding aggregated purchase transactions will be provided upon request by the Commission staff, the issuer or a security holder of the issuer.

5. The transaction was executed in multiple trades at prices ranging from $90.33 to $90.46. The price reported above reflects the weighted average purchase price. Details regarding aggregated purchase transactions will be provided upon request by the Commission staff, the issuer or a security holder of the issuer.

	/s/ Sweta Gabhawala, attorney-in-fact for Siobhan Lane	03/11/2026
	** 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 insider transaction did Light & Wonder (LNW) report for Siobhan Lane?

Light & Wonder reported that Siobhan Lane, SVP & CEO - Gaming, sold 17,394 shares of common stock in open-market transactions. These sales occurred over March 9–10, 2026, at prices generally in the high-$80s to around $90 per share.

Over what dates did Siobhan Lane sell Light & Wonder (LNW) shares?

Siobhan Lane sold Light & Wonder common stock on March 9 and March 10, 2026. Multiple trades were executed on each date, with each group of trades reported using a weighted average price in the Form 4 footnotes.

How many Light & Wonder (LNW) shares does Siobhan Lane hold after the sales?

Following the reported transactions, Siobhan Lane directly holds 18,211 shares of Light & Wonder common stock. This post-transaction holding amount is shown in the Form 4 data for the final reported sale on March 10, 2026.

At what prices did Siobhan Lane sell her Light & Wonder (LNW) shares?

The reported sales were executed at weighted average prices ranging from about $88.22 to $90.97 per share. The Form 4 notes that each transaction consisted of multiple trades within narrower price ranges, with details available upon request.

Were Siobhan Lane’s Light & Wonder (LNW) transactions open-market sales?

Yes. Each transaction is coded “S” and described as an open-market or private sale of common stock. The filing specifies that these were non-derivative transactions in Light & Wonder common stock rather than option exercises or other derivative events.

Does the Form 4 for Light & Wonder (LNW) show any option exercises by Siobhan Lane?

No. The filing lists only non-derivative common stock sales, all coded as “S” transactions. The derivative securities section is empty, indicating no reported option exercises, conversions, or other derivative transactions in this particular Form 4.