Light & Wonder (LNWO) insider plans multimillion stock sale after option exercise

Rhea-AI Filing Summary

Light & Wonder, Inc. insider Jamie Odell filed a notice of proposed sales of 40,000 common shares of LNWO through broker Jarden Australia Pty Ltd on the ASX, with an aggregate market value of $3,919,200.00 and 78,661,761 shares outstanding as of the planned sale date of August 18, 2026. The shares relate to a cashless exercise of 94,666 options on August 17, 2026, in which 55,334 CHESS Depositary Interests (CDIs) were withheld. Odell also reported selling 30,000 common shares on June 16, 2026, for $2,702,400.00. The filing states that a portion of the net CDIs received will be sold to fund income tax liabilities, in line with the issuer’s Securities Trading Policy.

Key Figures

Shares proposed to be sold: 40,000 shares Aggregate market value of proposed sale: $3,919,200.00 Shares outstanding: 78,661,761 shares +4 more

7 metrics

Shares proposed to be sold 40,000 shares Common shares proposed for sale through Jarden Australia Pty Ltd on or about August 18, 2026

Aggregate market value of proposed sale $3,919,200.00 Aggregate market value of 40,000 common shares to be sold

Shares outstanding 78,661,761 shares Common shares outstanding as of the approximate sale date August 18, 2026

Options exercised 94,666 Number of options exercised on August 17, 2026 in a compensation-related transaction

CDIs withheld 55,334 CDIs CDIs withheld in connection with the cashless exercise of options on August 17, 2026

Shares sold in prior 3 months 30,000 shares Common shares sold on June 16, 2026

Aggregate value of prior sale $2,702,400.00 Aggregate sale price for 30,000 common shares sold on June 16, 2026

Key Terms

cashless exercise, CDIs, assessable income, Securities Trading Policy, +1 more

5 terms

cashless exercise financial

"Compensation. A cashless exercise of options whereby 55,334 CDIs were withheld."

A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.

CDIs financial

"A cashless exercise of options whereby 55,334 CDIs were withheld."

CDIs (CHESS Depositary Interests) are local certificates that represent ownership of foreign shares so investors can buy, sell and hold those stocks on a domestic exchange without moving the underlying shares across borders. Think of a CDI as a local receipt for a foreign share: it gives most economic rights and easier trading in local currency and settlement systems, which matters to investors for access, liquidity, and the practical handling of dividends and corporate actions.

assessable income financial

"Mr. Odell is required to recognize assessable income as a result of the exercise"

Securities Trading Policy regulatory

"will be sold in accordance with the terms of the issuer's Securities Trading Policy."

income tax liability financial

"To fund the income tax liability, a portion of the net CDIs received"

FAQ

What does the Form 144 filing by LNWO insider Jamie Odell disclose?

The filing discloses that Jamie Odell plans to sell 40,000 common shares of Light & Wonder, Inc. (LNWO) on or about August 18, 2026. The proposed sale follows a cashless exercise of stock options and prior share sales in June 2026.

How many Light & Wonder (LNWO) shares is Jamie Odell proposing to sell?

Jamie Odell is proposing to sell 40,000 common shares of Light & Wonder, Inc. The notice lists an aggregate market value of $3,919,200.00 for these shares, with sales expected to occur through broker Jarden Australia Pty Ltd on the ASX.

What option exercise underlies Jamie Odell’s planned LNWO share sale?

The planned sale relates to an options exercise of 94,666 LNWO-linked securities on August 17, 2026. It was a cashless exercise, where 55,334 CDIs were withheld rather than paid in cash, with remaining CDIs available for potential sale.

What prior LNWO share sales did Jamie Odell report in the last three months?

Odell reported selling 30,000 common shares of Light & Wonder, Inc. on June 16, 2026. The aggregate value of that prior sale was $2,702,400.00, as disclosed in the ‘Securities Sold During The Past 3 Months’ section of the notice.

Why will some of Jamie Odell’s LNWO CDIs be sold after the option exercise?

The filing states that Odell must recognize assessable income from the vested option exercise. To fund the related income tax liability, a portion of net CDIs will be sold, not exceeding the tax amount, under the issuer’s Securities Trading Policy.

How many Light & Wonder (LNWO) shares are outstanding in this Form 144 disclosure?

The notice lists 78,661,761 shares of Light & Wonder, Inc. common stock outstanding as of the planned sale date of August 18, 2026. This figure provides context and is separate from the 40,000 shares proposed to be sold.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 08/18/2026 - 09:10 PM Accepted by SEC EDGAR 08/18/2026 - 09:09 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001824876
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Light & Wonder, Inc.
SEC File Number	001-11693
Address of Issuer	6601 Bermuda Road Las Vegas NEVADA 89119
Phone	702-897-7150
Name of Person for Whose Account the Securities are To Be Sold	Jamie Odell
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Jarden Australia Pty Ltd. Level 54, Governor Phillip Tower 1 Farrer Place Sydney C3 NSW 2000	40000	3919200.00	78661761	08/18/2026	ASX

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/17/2026	Options Exercise	Issuer			94666	08/17/2026	Compensation. A cashless exercise of options whereby 55,334 CDIs were withheld.

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Jamie Odell c/o Light & Wonder, Inc. 6601 Bermuda Rd. Las Vegas NV 89119	Common	06/16/2026	30000	2702400.00

144: Remarks and Signature

Remarks	Mr. Odell is required to recognize assessable income as a result of the exercise of the vested options. To fund the income tax liability, a portion of the net CDIs received by Mr. Odell (not exceeding the value of the tax liability) will be sold in accordance with the terms of the issuer's Securities Trading Policy.
Date of Notice	08/18/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Jamie Odell
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)