Light & Wonder director's stock award fully vests

The two RSU vesting entries each converted units into common shares on a one-for-one basis.

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Form Type

Rhea-AI Filing Summary

Light & Wonder, Inc. director Antonia Korsanos reported the vesting of 1,418 and 3,334 restricted stock units on October 1, 2026, with each unit converting into one common share. Each transaction entry represents vesting of one-third of restricted stock units granted on December 11, 2023; the award has fully vested. The shares are held through CHESS Depositary Interests, each representing one fully paid common share. Korsanos also reported 313 common shares held by her child and disclaimed beneficial ownership of those shares.

Insider Trade Summary

4,752 shares exercised/converted

Exercise 5 txns

Insider Korsanos Antonia

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units ^F3	1,418	$0.00	$0.00
Exercise	Restricted Stock Units ^F4	3,334	$0.00	$0.00
Exercise	Common Stock ^F1	1,418	$0.00	$0.00
Exercise	Common Stock ^F1	3,334	$0.00	$0.00
holding	Common Stock ^{F1, F2}	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 138,235 shares (Direct); Common Stock — 313 shares (Indirect, By child)

Footnotes (4)

F1. Shares are held via CHESS Depositary Interests ("CDIs"), which 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.
F2. The reporting person disclaims beneficial ownership of the shares held by her child. This report should not be deemed an admission that the reporting person is the beneficial owner of her child's shares for purposes of Section 16 or for any other purpose.
F3. Represents vesting of one-third of the restricted stock units granted on December 11, 2023. The award has fully vested. Each unit converted into a share of common stock on a one-for-one basis.
F4. Represents vesting of one-third of the restricted stock units granted on December 11, 2023. The award has fully vested. Each unit converted into a share of common stock on a one-for-one basis.

Key Figures

Common shares acquired: 1,418 shares Common shares acquired: 3,334 shares Common shares held by child: 313 shares

3 metrics

Common shares acquired 1,418 shares Acquired when restricted stock units vested on October 1, 2026.

Common shares acquired 3,334 shares Acquired when restricted stock units vested on October 1, 2026.

Common shares held by child 313 shares Korsanos disclaimed beneficial ownership of the shares held by her child.

Key Terms

restricted stock units, CHESS Depositary Interests, beneficial ownership

3 terms

restricted stock units financial

"vesting of one-third of the restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

CHESS Depositary Interests technical

"held via 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.

beneficial ownership regulatory

"disclaims beneficial ownership of the shares held by her child"

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.

How many shares did the Light & Wonder (LNWO) director acquire?

Antonia Korsanos acquired 1,418 and 3,334 common shares on October 1, 2026, when corresponding restricted stock unit amounts vested. Each unit converted into one common share; each entry represented vesting of one-third of restricted stock units granted on December 11, 2023.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/05/2026 - 06:48 PM Accepted by SEC EDGAR 10/05/2026 - 06:47 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Korsanos Antonia

(Last)

(First)

(Middle)

C/O LIGHT & WONDER, INC.

6601 BERMUDA ROAD

(Street)

LAS VEGAS

NEVADA

89119

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol
[ASX:LNW]

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	10/01/2026		M		1,418	A	$0	134,901	D
Common Stock⁽¹⁾	10/01/2026		M		3,334	A	$0	138,235	D
Common Stock⁽¹⁾								313	I	By child⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽³⁾	10/01/2026		M			1,418	⁽³⁾	⁽³⁾	Common Stock	1,418	$0	0	D
Restricted Stock Units	⁽⁴⁾	10/01/2026		M			3,334	⁽⁴⁾	⁽⁴⁾	Common Stock	3,334	$0	0	D

Explanation of Responses:

1. Shares are held via CHESS Depositary Interests ("CDIs"), which 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. The reporting person disclaims beneficial ownership of the shares held by her child. This report should not be deemed an admission that the reporting person is the beneficial owner of her child's shares for purposes of Section 16 or for any other purpose.

3. Represents vesting of one-third of the restricted stock units granted on December 11, 2023. The award has fully vested. Each unit converted into a share of common stock on a one-for-one basis.

4. Represents vesting of one-third of the restricted stock units granted on December 11, 2023. The award has fully vested. Each unit converted into a share of common stock on a one-for-one basis.

	/s/ Sweta Gabhawala, attorney-in-fact for Antonia Korsanos	10/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR