Light & Wonder Insider Chow Files Form 4 on Ownership Changes

TL;DR

**Insider Oliver Chow just updated his Light & Wonder stock ownership.**

AI Summary

Oliver Chow, an insider at Light & Wonder, Inc. (LNW), filed a Form 4 on March 24, 2026, indicating changes in his beneficial ownership of the company's securities as of March 20, 2026. While the filing itself doesn't detail specific transactions, it signals that an executive's stake in the company has been updated. This matters to investors because insider transactions can sometimes provide clues about management's confidence in the company's future performance.

Why It Matters

This filing indicates an insider, Oliver Chow, has had a change in his ownership of Light & Wonder shares, which can be a signal to investors about management's perspective on the company.

Risk Assessment

Risk Level: low — A Form 4 filing simply reports a change in insider ownership and does not inherently indicate high risk without transaction details.

Analyst Insight

An investor should monitor subsequent filings or news for details on the specific transactions made by Oliver Chow, as the current filing only indicates a change occurred without providing the specifics of the transaction (e.g., buy or sell, quantity, price).

Key Players & Entities

• Chow Oliver (person) — Reporting insider at Light & Wonder, Inc.
• Light & Wonder, Inc. (company) — The Issuer of the securities
• 0001991805 (person) — CIK for Chow Oliver
• 0000750004 (company) — CIK for Light & Wonder, Inc.

FAQ

Key Financial Figures

• $1 — S. Dollars based on an exchange rate of $1 AUD to $0.7023 USD. 3. Represents the
• $0.7023 — based on an exchange rate of $1 AUD to $0.7023 USD. 3. Represents the vesting of one-

Filing Documents

• form4.html (4)
• form4.xml (4) — 22KB
• 0000950157-26-000421.txt ( ) — 24KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 * Chow Oliver (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) Director 10% Owner X Officer (give title below) Other (specify below) EVP, CFO & Treas 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/20/2026 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) Code V Amount (A) or (D) Price Common Stock (1) 03/20/2026 X 711 A $ 0 6,857 D Common Stock (1) 03/20/2026 F 280 D $ 78.61 (2) 6,577 D Common Stock (1) 03/20/2026 M 1,826 A $ 0 8,403 D Common Stock (1) 03/20/2026 F 719 D $ 78.61 (2) 7,684 D Common Stock (1) 03/20/2026 X 1,065 A $ 0 8,749 D Common Stock (1) 03/20/2026 F 419 D $ 78.61 (2) 8,330 D Common Stock (1) 03/20/2026 X 1,065 A $ 0 9,395 D Common Stock (1) 03/20/2026 F 420 D $ 78.61 (2) 8,975 D 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) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Units (3) 03/20/2026 X 711 (3) (3) Common Stock 711 $ 0 0 D Restricted Stock Units (4) 03/20/2026 M 1,826 (4) (4) Common Stock 1,826 $ 0 1,827 D Restricted Stock Units (5) 03/20/2026 X 1,065 (5) (5) Common Stock 1,065 $ 0 0 D Restricted Stock Units (6) 03/20/2026 X 1,065 (6) (6) Common Stock 1,065 $ 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. Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units. Price converted from Australian Dollars into U.S. Dollars based on an exchange rate of $1 AUD to $0.7023 USD. 3. Represents the vesting of one-third of restricted stock units granted on August 25, 2023. The award has fully vested. Each restricted stock unit converts into a share of common stock on a one-for-one basis. 4. Represents the vesting of one-third of restricted stock units granted on March 20, 2024. The balance of the award is scheduled to vest on March 20, 2027. Each restricted stock unit converts into a share of common stock on a one-for-one basis. 5. Represents the cliff vesting of restricted stock units granted on August 25, 2023, subject to the achievement of performance criteria over a three-year period. Based on the level of achieve

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