Light & Wonder Insider Kalabic Reports Ownership Change

TL;DR

**Light & Wonder insider just reported a change in their stock ownership.**

AI Summary

This Form 4 filing indicates that Vanja Kalabic, an insider at Light & Wonder, Inc. (NASDAQ: LNW), reported a change in beneficial ownership of securities on March 20, 2026. While the filing itself doesn't detail the specific transaction (buy or sell), it signals an insider activity that investors should monitor. This matters because insider transactions can provide insights into how company executives view the stock's future prospects, potentially influencing investor sentiment and stock price.

Why It Matters

Insider transactions can signal management's confidence (or lack thereof) in the company's future, which can influence investor decisions.

Risk Assessment

Risk Level: low — This filing is purely a notification of an insider's change in ownership, not an event that directly impacts the company's financials or operations.

Analyst Insight

An investor should look for the specific details of the transaction (buy or sell, number of shares, price) within the full Form 4 document to understand the implications of this insider activity for Light & Wonder, Inc. stock.

Key Players & Entities

• Kalabic Vanja (person) — Reporting Person, insider at Light & Wonder, Inc.
• Light & Wonder, Inc. (company) — Issuer of the securities
• 0001991621 (person) — CIK for Kalabic Vanja
• 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) — 12KB
• 0000950157-26-000422.txt ( ) — 14KB

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 * Kalabic Vanja (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) SVP & Chief Accounting Officer 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 1,195 A $ 0 8,236 D Common Stock (1) 03/20/2026 F 431 D $ 78.61 (2) 7,805 D Common Stock (1) 03/20/2026 M 668 A $ 0 8,473 D Common Stock (1) 03/20/2026 F 240 D $ 78.61 (2) 8,233 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 1,195 (3) (3) Common Stock 1,195 $ 0 0 D Restricted Stock Units (4) 03/20/2026 M 668 (4) (4) Common Stock 668 $ 0 668 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. /s/ Sweta Gabhawala, attorney-in-fact for Vanja Kalabic 03/24/2026 ** 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 f

View Full Filing

View this 4 filing on SEC EDGAR