Light & Wonder director's trust bought 5,750 shares
The amendment corrects the reported March 10 acquisition and beneficial-ownership figures; the trust held 4,000 shares as of the amendment date.
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Form Type
4/A
Rhea-AI Filing Summary
Light & Wonder, Inc. director Hamish McLennan reported that Londolozi Pty Limited ATF Londolozi Family Trust purchased 5,750 common shares on March 10, 2022, across four reported tranches: 1,514 shares at a weighted-average price of $57.4200 per share, 962 at $58.3600, 1,794 at $59.6400, and 1,480 at $60.1400. The amendment corrects the reported acquisition and beneficial-ownership figures; the trust holds 4,000 shares as of the amendment date.
Insider Trade Summary
Net Buyer: 5,750 shares
Net Buy
4 txns
Insider
McLennan Hamish
Role
Director
Bought
5,750 shs ($339K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1, F2, F6 | 1,514 | $57.42 | $87K |
| Purchase | Common Stock F1, F3, F6 | 962 | $58.36 | $56K |
| Purchase | Common Stock F1, F4, F6 | 1,794 | $59.64 | $107K |
| Purchase | Common Stock F1, F5, F6 | 1,480 | $60.14 | $89K |
Holdings After Transaction:
Common Stock — 29,500 shares (Indirect, Londolozi Family Trust)
Footnotes (6)
- F1. On March 11, 2022, the reporting person filed a Form 4 which inadvertently misreported the number of shares acquired on March 10, 2022. This amendment corrects the number of shares acquired on March 10, 2022 and the number of shares beneficially owned following the reported transactions. No other changes have been made to the previously reported information. As of the date of this amendment, the Londolozi Family Trust holds 4,000 shares.
- F2. The transaction was executed in multiple trades at prices ranging from $56.77 to $57.69. 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.
- F3. The transaction was executed in multiple trades at prices ranging from $57.80 to $58.79. 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.
- F4. The transaction was executed in multiple trades at prices ranging from $59.01 to $60.00. 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.
- F5. The transaction was executed in multiple trades at prices ranging from $60.02 to $60.43. 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.
- F6. Represents shares of common stock held by Londolozi Pty Limited ATF Londolozi Family Trust, of which Mr. McLennan serves as trustee.
Key Figures
Shares purchased: 5,750 shares
First purchase tranche: 1,514 shares at $57.4200 per share
Second purchase tranche: 962 shares at $58.3600 per share
+3 more
6 metrics
Shares purchased
5,750 shares
Four transactions on March 10, 2022, by Londolozi Pty Limited ATF Londolozi Family Trust
First purchase tranche
1,514 shares at $57.4200 per share
Weighted-average price on March 10, 2022
Second purchase tranche
962 shares at $58.3600 per share
Weighted-average price on March 10, 2022
Third purchase tranche
1,794 shares at $59.6400 per share
Weighted-average price on March 10, 2022
Fourth purchase tranche
1,480 shares at $60.1400 per share
Weighted-average price on March 10, 2022
Trust shares held
4,000 shares
As of the amendment date
Key Terms
weighted average purchase price, beneficially owned, trustee
3 terms
weighted average purchase price financial
"reflects the weighted average purchase price"
The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.
beneficially owned financial
"the number of shares beneficially owned following the reported transactions"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
trustee technical
"of which Mr. McLennan serves as trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
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