Light & Wonder (LNW) gaming CEO sells 12,953 shares near $89

Rhea-AI Filing Summary

Light & Wonder senior vice president and CEO of Gaming, Siobhan Lane, reported open-market sales of company common stock. On March 11, Lane sold a total of 12,953 shares in two transactions at weighted average prices of $89.03 and $89.67 per share. Following these sales, Lane directly holds 5,258 shares of Light & Wonder common stock. The trades were executed in multiple lots within disclosed price ranges, with detailed trade breakdowns available on request.

Insights

Equity analyst

LNW gaming chief executes open-market stock sale totaling 12,953 shares.

SVP & CEO - Gaming Siobhan Lane sold 12,953 Light & Wonder common shares in open-market trades on March 11 at weighted average prices of $89.03 and $89.67. These are discretionary open-market sales, a stronger signal than routine grants or tax withholdings.

After the transactions, Lane directly owns 5,258 shares, according to the filing, indicating a reduced but continuing equity stake. There are no remaining derivative positions listed, so the visible exposure is entirely in common stock. Actual implications depend on broader context not contained in this single report.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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)

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)
03/11/2026

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	03/11/2026		S		11,708	D	$89.03(1)	6,503	D
Common Stock	03/11/2026		S		1,245	D	$89.67(2)	5,258	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 $88.55 to $89.50. 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 $89.56 to $90.00. 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	03/12/2026
	** 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 SVP & CEO - Gaming Siobhan Lane sold company stock. On March 11, she executed open-market sales totaling 12,953 shares of common stock at weighted average prices of $89.03 and $89.67 per share, according to the Form 4 filing.

How many Light & Wonder (LNW) shares did Siobhan Lane sell in this Form 4?

Siobhan Lane sold a total of 12,953 Light & Wonder shares. The Form 4 shows two open-market sale transactions: 11,708 shares at a weighted average price of $89.03 and 1,245 shares at a weighted average price of $89.67, all executed on March 11.

At what prices were the Light & Wonder (LNW) shares sold by Siobhan Lane?

The reported weighted average sale prices were $89.03 and $89.67 per share. Footnotes state the trades were executed in multiple lots, with price ranges of $88.55–$89.50 for the first block and $89.56–$90.00 for the second, all on March 11.

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

After the reported sales, Siobhan Lane directly holds 5,258 shares. The Form 4 indicates this post-transaction ownership figure for her direct holdings of Light & Wonder common stock, with no additional derivative positions listed in the filing’s derivative summary section.

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

Yes, the filing classifies both transactions as open-market sales. Each transaction is coded “S” with a description of “Sale in open market or private transaction,” and the footnotes describe multiple trades aggregated into reported weighted average prices for disclosure purposes.