Light & Wonder insider purchase — 8,065 CDIs at weighted $80.05
Rhea-AI Filing Summary
Light & Wonder, Inc. director Antonia Korsanos reported an open-market purchase of 8,065 Chess Depositary Interests (CDIs) on 08/10/2025 (U.S.), executed in multiple block trades at prices ranging from $79.74 to $80.20 and a weighted-average purchase price of $80.05. Each CDI represents one fully paid share of common stock; the USD price reflects conversion from AUD at a rate of 1 AUD = $0.6518 USD. After the purchase Korsanos directly beneficially owns 22,815 shares; an additional 313 CDIs are shown as held by her child, which she disclaims beneficial ownership of. The Form 4 was signed by attorney-in-fact James Sottile on 08/11/2025.
Positive
- Open-market purchase of 8,065 CDIs executed, increasing direct holdings to 22,815 shares
- Weighted-average purchase price $80.05 with execution range $79.74–$80.20; USD conversion disclosed at 1 AUD = $0.6518
Negative
- None.
Insights
TL;DR: Director executed a modest open-market buy of 8,065 CDIs at a weighted $80.05, increasing direct holdings to 22,815.
The filing documents a straightforward open-market purchase of 8,065 CDIs on 08/10/2025 at a weighted-average price of $80.05, with execution prices between $79.74 and $80.20. Each CDI equals one share of common stock; the USD price was converted from AUD at 0.6518. The purchase raised direct holdings to 22,815 shares. For investors, this is a clear insider purchase disclosure but not, by itself, a material corporate event.
TL;DR: Proper Form 4 disclosure shows an open-market acquisition and a disclosed indirect holding held by a child, with signature by attorney-in-fact.
The Form 4 was filed to report an open-market acquisition and properly notes an indirect position of 313 CDIs held by the reporting person’s child, which she disclaims. The form is signed by an attorney-in-fact, James Sottile, on 08/11/2025, and includes price conversion details. This is routine regulatory compliance and provides transparent record of the director’s transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 8,065 | $80.05 | $646K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Reflects an open market purchase of 8,065 of the Issuer's Chess Depositary Interests ("CDIs") on August 11, 2025 (Australia)/August 10, 2025 (U.S.). CDIs are units of beneficial ownership in shares of common stock of the Company that are publicly traded on the Australian Securities Exchange (the "ASX") and held by CHESS Depositary Nominees Pty. Limited, a subsidiary of ASX Limited, the company that operates the ASX. Each CDI represents one fully paid share of common stock. The transaction was executed in multiple block trades at prices ranging from $79.74 to $80.20. 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. Price converted from Australian dollars into U.S. Dollars based on an exchange rate of $1 AUD to $0.6518 USD. The reporting person disclaims beneficial ownership of the shares held by her child, which underly CDIs. This report should not be deemed an admission that the reporting person is the beneficial owner of her child's shares for purposes of Section 16 or for any other purpose.
