Jamie Odell - Oct 1, 2025 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role: Director
Signature: /s/ James Sottile, attorney-in-fact for Jamie Odell
Stock symbol: LNW
Transactions as of: Oct 1, 2025
Transactions value $: $0
Form type: 4
Date filed: 10/3/2025, 07:16 PM
Previous filing: Aug 12, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Odell Jamie	Director	C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS	/s/ James Sottile, attorney-in-fact for Jamie Odell	2025-10-03	0001824876

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LNW	Common Stock	Options Exercise	$0	+2.14K	+13.82%	$0.00	17.6K	Oct 1, 2025	Direct
transaction	LNW	Common Stock	Options Exercise	$0	+3.33K	+18.93%	$0.00	20.9K	Oct 1, 2025	Direct
holding	LNW	Common Stock						36	Oct 1, 2025	By Child	F1
holding	LNW	Common Stock						8.28K	Oct 1, 2025	By trust	F2
holding	LNW	Common Stock						10K	Oct 1, 2025	Superannuation Fund	F3

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	Options Exercise	$0	-2.14K	-50%	$0.00	2.14K	Oct 1, 2025	Common Stock	2.14K		Direct	F4
transaction	LNW	Restricted Stock Units	Options Exercise	$0	-3.33K	-49.99%	$0.00	3.33K	Oct 1, 2025	Common Stock	3.33K		Direct	F5

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

Explanation of Responses:

Id	Content
F1	The reporting person disclaims beneficial ownership of the shares held by his child, which underly CHESS Depositary Interests ("CDIs"). 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. This report should not be deemed an admission that the reporting person is the beneficial owner of his child's shares for purposes of Section 16 or for any other purpose.
F2	Represents shares of common stock held by New Dusk Pty Ltd (Odell Family Trust), of which Mr. Odell serves as a director and a shareholder and is a beneficiary of the trust.
F3	Represents shares of common stock held by the Jamie and Caroline Odell Superannuation Fund, a fund of which Mr. Odell is the beneficiary.
F4	Represents vesting of one-third of the restricted stock units granted on December 11, 2023. The balance of the award is scheduled to vest on October 1, 2026. Each unit converts into a share of common stock on a one-for-one basis.
F5	Represents vesting of one-third of the restricted stock units granted on December 11, 2023. The balance of the award is scheduled to vest on October 1, 2026. Each unit converts into a share of common stock on a one-for-one basis.