Light & Wonder director sells 3,700 shares
A Light & Wonder director sold 3,700 shares in an open-market transaction and remains a significant shareholder through direct and indirect holdings.
Rhea-AI Filing Summary
Light & Wonder, Inc. (LNWO) director Hamish McLennan reported an open-market sale of 3,700 shares of Common Stock (through CHESS Depositary Interests) on September 9, 2026 at a weighted average price of $89.26 per share. After this sale, he held 25,137 shares directly, plus 6,380 shares indirectly through a superannuation fund and 9,750 shares indirectly through a family trust. No Rule 10b5-1 trading plan is reported for this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,700 shares
Net Sell
3 txns
Insider
McLennan Hamish
Role
Director
Sold
3,700 shs ($330K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 3,700 | $89.26 | $330K |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 25,137 shares (Direct);
Common Stock — 6,380 shares (Indirect, Superannuation Fund);
Common Stock — 9,750 shares (Indirect, Londolozi Family Trust)
Footnotes (4)
- F1. Reflects an open market sale of 3,700 of the Issuer's CHESS Depositary Interests ("CDIs") on September 10, 2026 (Australia)/September 9, 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. The transaction was executed in multiple trades at prices ranging from $89.13 to $89.42. 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.
- F2. Price converted from Australian Dollars into U.S. Dollars based on an exchange rate of $1 AUD to $0.7217 USD.
- F3. 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.
- F4. Represents shares of common stock held by Londolozi Pty Limited ATF Londolozi Family Trust, of which Mr. McLennan serves as trustee.
Key Figures
Shares sold: 3,700 shares
Weighted average sale price: $89.26 per share
Post-sale direct holdings: 25,137 shares
+3 more
6 metrics
Shares sold
3,700 shares
Open-market sale on September 9, 2026
Weighted average sale price
$89.26 per share
3,700 shares of Common Stock/CDIs sold
Post-sale direct holdings
25,137 shares
Common Stock held directly after the reported transaction
Indirect holdings – superannuation fund
6,380 shares
Held by Linyanti Holdings Pty Limited ATF McLennan Superannuation Fund
Indirect holdings – family trust
9,750 shares
Held by Londolozi Pty Limited ATF Londolozi Family Trust
Sale price range
$89.13–$89.42 per share
Prices of multiple trades comprising the 3,700-share sale
Key Terms
CHESS Depositary Interests, weighted average purchase price, Superannuation Fund, beneficial ownership
4 terms
CHESS Depositary Interests financial
"Reflects an open market sale of 3,700 of the Issuer's CHESS Depositary Interests"
CHESS depositary interests are tradable certificates used on the Australian settlement system that represent ownership of underlying foreign shares held by a custodian. They let investors buy and sell foreign-listed stocks on the local exchange as if they were domestic shares, simplifying trading, dividend collection and record-keeping, though they may involve custodian fees and can alter certain direct shareholder rights and tax treatments.
weighted average purchase price financial
"The transaction was executed in multiple trades at prices ranging from $89.13 to $89.42"
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.
Superannuation Fund financial
"held by Linyanti Holdings Pty Limited ATF McLennan Superannuation Fund"
beneficial ownership financial
"CDIs are units of beneficial ownership in shares of common stock"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did the Light & Wonder (LNWO) director report in this Form 4?
The director sold 3,700 shares of Light & Wonder Common Stock (via CDIs) in an open-market transaction on September 9, 2026 at a weighted average price of $89.26 per share, as disclosed in the Form 4 filing.
Was the Light & Wonder (LNWO) insider sale made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not checked, so no Rule 10b5-1 trading plan is reported in connection with this sale.
How are the CHESS Depositary Interests (CDIs) in Light & Wonder (LNWO) structured?
Each Light & Wonder CHESS Depositary Interest (CDI) represents one fully paid share of Common Stock. The CDIs are publicly traded on the Australian Securities Exchange and are held by CHESS Depositary Nominees Pty. Limited.
What indirect Light & Wonder (LNWO) holdings are reported for Hamish McLennan?
Indirect holdings include 6,380 shares held by Linyanti Holdings Pty Limited ATF McLennan Superannuation Fund, where he is the beneficiary, and 9,750 shares held by Londolozi Pty Limited ATF Londolozi Family Trust, where he serves as trustee.
AI-generated analysis. How Rhea-AI works. Not financial advice.
