Fine Capital Partners, L.P. 4
4 · Light & Wonder, Inc. · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Light & Wonder (LNWO) 10% Owner Fine Capital Sells Shares
What Happened
Fine Capital Partners, L.P. (identified as a 10% owner) sold a total of 9,037 shares of Light & Wonder, Inc. (LNWO) in open-market transactions on January 27, 2026. The sales were reported as three separate dispositions: 2,225 shares at a weighted average price of $112.29 (≈ $249,853), 2,426 shares at $113.28 (≈ $274,813), and 4,386 shares at $113.94 (≈ $499,735), totaling approximately $1,024,401. These were outright sales (S) — a disposal of holdings rather than a purchase or option exercise.
Key Details
- Transaction date: January 27, 2026; Form 4 filed January 29, 2026 (appears timely under the two-business-day rule).
- Reported per-line weighted average prices and proceeds:
- 2,225 sh @ $112.29 = $249,853 (price reported as weighted avg; trades ranged $111.7123–$112.7034).
- 2,426 sh @ $113.28 = $274,813 (weighted avg; trades ranged $112.7871–$113.5758).
- 4,386 sh @ $113.94 = $499,735.
- Shares owned after the transaction: not specified in the provided summary (check the full Form 4 for post-transaction holdings).
- Notable footnotes:
- F1/F2: reported prices are weighted averages; sales occurred in multiple trades within the stated price ranges. Detailed breakdowns are available upon request.
- F3: Fine Capital reports these holdings as a pecuniary interest through investment funds and disclaims beneficial ownership except to the extent of such pecuniary interest.
- Transaction type code: S = Sale (disposition).
Context
This filing involves an institutional 10% owner, not a company executive. Institutional sales can reflect portfolio rebalancing or fund-level decisions and do not necessarily indicate management sentiment about the company. The weighted-average and range footnotes indicate multiple smaller trades rather than a single block sale.
Insider Transaction Report
- Sale
Common Stock, $.001 par value
[F1][F3]2026-01-27$112.29/sh−2,225$249,853→ 8,158,767 total(indirect: See footnote) - Sale
Common Stock, $.001 par value
[F2][F3]2026-01-27$113.28/sh−2,426$274,813→ 8,156,341 total(indirect: See footnote) - Sale
Common Stock, $.001 par value
[F3]2026-01-27$113.94/sh−4,386$499,735→ 8,151,955 total(indirect: See footnote)
Footnotes (3)
- [F1]This reported price is a weighted average price. These shares were sold in multiple transactions within the range of $111.7123 to $112.7034. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]This reported price is a weighted average price. These shares were sold in multiple transactions within the range of $112.7871 to $113.5758. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]The amount reported represents the Reporting Persons' pecuniary interest held through an investment in private funds. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.