Light & Wonder (LNW) director Hamish McLennan sells 6,000 CDIs on ASX

Rhea-AI Filing Summary

Light & Wonder, Inc. director Hamish McLennan reported an open-market sale of 6,000 CHESS Depositary Interests, each representing one share of common stock, at $90.36 per share. After this sale, he directly holds 25,782 common shares. He also has indirect ownership of 6,380 shares through a superannuation fund and 9,750 shares through a family trust, both of which hold common stock on his behalf.

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^*

McLennan Hamish

(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. [ ASX:LNW ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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	03/01/2026		S		6,000(1)	D	$90.36(2)	25,782	D
Common Stock								6,380	I	Superannuation Fund(3)
Common Stock								9,750	I	Londolozi Family Trust(4)

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. Reflects an open market sale of 6,000 of the Issuer's CHESS Depositary Interests ("CDIs") on March 2, 2026 (Australia)/March 1, 2026 (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.

2. Price converted from Australian Dollars into U.S. Dollars based on an exchange rate of $1 AUD to $0.7093 USD.

3. Represents shares of common stock held by Linyanti Holdings Pty Limited ATF McLennan Superannuation Fund, a retirement fund of which Mr. McLennan is the beneficiary.

4. Represents shares of common stock held by Londolozi Pty Limited ATF Londolozi Family Trust, of which Mr. McLennan serves as trustee.

	/s/ Hamish McLennan	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did LNW director Hamish McLennan report?

Hamish McLennan reported selling 6,000 CHESS Depositary Interests, each equal to one Light & Wonder common share, in an open-market transaction. The sale was executed at a reported price of $90.36 per share, converted from Australian dollars into U.S. dollars.

At what price did Hamish McLennan sell Light & Wonder (LNW) shares?

The reported transaction price was $90.36 per share for 6,000 CHESS Depositary Interests. This U.S. dollar price was converted from Australian dollars using an exchange rate of $1 AUD to $0.7093 USD, as disclosed in the filing footnotes.

How many Light & Wonder shares does Hamish McLennan hold after the sale?

Following the sale, Hamish McLennan directly holds 25,782 Light & Wonder common shares. In addition, he has indirect holdings of 6,380 shares through a superannuation fund and 9,750 shares through a family trust, both described in the filing footnotes.

What are CHESS Depositary Interests (CDIs) for Light & Wonder (LNW)?

CHESS Depositary Interests, or CDIs, are units of beneficial ownership in Light & Wonder common stock traded on the Australian Securities Exchange. Each CDI represents one fully paid share of the company’s common stock, held by CHESS Depositary Nominees Pty. Limited.

How are Hamish McLennan’s indirect LNW holdings structured?

Indirect Light & Wonder holdings are held via two entities. One block is in a superannuation fund where McLennan is the beneficiary, and another block is in a family trust where he serves as trustee. Both entities hold shares of common stock for his benefit.

Did the Form 4 for LNW include any insider purchases?

The Form 4 reported one sale of 6,000 CHESS Depositary Interests and no insider purchases. Additional rows in the filing describe indirect holdings through a superannuation fund and a family trust, but these are recorded as holdings rather than new buy or sell transactions.