Vanja Kalabic - Mar 20, 2025 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role: SVP & Chief Accounting Officer
Signature: /s/ James Sottile, attorney-in-fact for Vanja Kalabic
Stock symbol: LNW
Transactions as of: Mar 20, 2025
Transactions value $: -$104,290
Form type: 4
Date filed: 3/21/2025, 09:12 PM
Previous filing: Mar 7, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LNW	Common Stock	Exercise of in-the-money or at-the-money derivative security	$0	+847	+16.89%	$0.00	5.86K	Mar 20, 2025	Direct
transaction	LNW	Common Stock	Tax liability	-$32.6K	-317	-5.41%	$102.85	5.55K	Mar 20, 2025	Direct	F1
transaction	LNW	Common Stock	Exercise of in-the-money or at-the-money derivative security	$0	+1.2K	+21.55%	$0.00	6.74K	Mar 20, 2025	Direct
transaction	LNW	Common Stock	Tax liability	-$46K	-447	-6.63%	$102.85	6.29K	Mar 20, 2025	Direct	F1
transaction	LNW	Common Stock	Options Exercise	$0	+668	+10.61%	$0.00	6.96K	Mar 20, 2025	Direct
transaction	LNW	Common Stock	Tax liability	-$25.7K	-250	-3.59%	$102.85	6.71K	Mar 20, 2025	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LNW	Restricted Stock Units	Exercise of in-the-money or at-the-money derivative security	$0	-847	-100%	$0.00	0	Mar 20, 2025	Common Stock	847		Direct	F2
transaction	LNW	Restricted Stock Units	Exercise of in-the-money or at-the-money derivative security	$0	-1.2K	-50%	$0.00	1.2K	Mar 20, 2025	Common Stock	1.2K		Direct	F3
transaction	LNW	Restricted Stock Units	Options Exercise	$0	-668	-33.33%	$0.00	1.34K	Mar 20, 2025	Common Stock	668		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
F2	Represents the vesting of one-third of restricted stock units granted on March 25, 2022. The award has fully vested. Each restricted stock unit converted into a share of common stock on a one-for-one basis.
F3	Represents the vesting of one-third of restricted stock units granted on March 24, 2023. The balance of the award is scheduled to vest on March 20, 2026. Each restricted stock unit converts into a share of common stock on a one-for-one basis.
F4	Represents the vesting of one-third of restricted stock units granted on March 20, 2024. The balance of the award is scheduled to vest in two equal installments of 668 shares on March 20, 2026 and March 20, 2027. Each restricted stock unit converts into a share of common stock on a one-for-one basis.