Light & Wonder director plans 3,700-share sale
A Light & Wonder director filed a Rule 144 notice covering a planned sale of 3,700 common shares on the ASX.
Rhea-AI Filing Summary
Light & Wonder, Inc. (LNWO) has a director, Hamish McLennan, filing a notice under Rule 144 to permit the sale of common stock through LGT Wealth Management on the ASX. The notice covers 3,700 shares of common stock, with an indicated aggregate market value of 329,119.15.
The filing reports that 77,049,181 shares of common stock were outstanding, and notes that McLennan previously acquired 9,700 shares in an open market purchase on September 14, 2020 for cash.
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Key Figures
Shares to be sold under Rule 144: 3,700 shares
Aggregate market value of shares: 329,119.15
Shares of common stock outstanding: 77,049,181 shares
+2 more
5 metrics
Shares to be sold under Rule 144
3,700 shares
Common stock covered by the notice for Hamish McLennan
Aggregate market value of shares
329,119.15
Value associated with the 3,700 common shares in the Rule 144 notice
Shares of common stock outstanding
77,049,181 shares
Outstanding Light & Wonder common shares referenced in the filing
Prior open market purchase shares
9,700 shares
Common shares acquired by Hamish McLennan on September 14, 2020
Planned sale date reference
September 9, 2026
Date listed in the securities information section for the ASX sale
Key Terms
Rule 144, open market purchase, aggregate market value, ASX
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
open market purchase financial
"Common | 09/14/2020 | Open market purchase | Open market purchase"
An open market purchase is when a company buys its own shares on public stock exchanges the same way any investor would, rather than through a private deal. Investors care because these purchases reduce the number of shares available, can boost earnings per share and share price, signal that management thinks the stock is undervalued, and use company cash that might otherwise go to reinvestment or dividends — like a business quietly buying back its own tickets at the box office.
aggregate market value financial
"Common ... | 3700 | 329119.15 | 77049181 | 09/09/2026 | ASX"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
ASX market
"Common ... 3700 ... 09/09/2026 | ASX"
ASX is Australia’s main securities exchange where stocks, bonds and other financial products are bought and sold; think of it as the country’s central marketplace for ownership in publicly traded companies. It matters to investors because the ASX sets the trading rules, reporting requirements and settlement systems that influence how easily shares can be bought or sold, how much information companies must disclose, and the overall safety and transparency of the market — similar to how a well-run market hall makes transactions smoother and more trustworthy.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 144 filing disclose for Light & Wonder, Inc. (LNWO)?
It discloses that director Hamish McLennan has filed a Rule 144 notice covering the potential sale of 3,700 shares of Light & Wonder common stock through LGT Wealth Management on the ASX, with an indicated aggregate market value of 329,119.15.
AI-generated analysis. How Rhea-AI works. Not financial advice.