Fine Capital Partners, L.P. 4
4 · Light & Wonder, Inc. · Filed May 1, 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., reported as a 10% owner of Light & Wonder, sold 80,000 shares in an open-market/private sale on 2026-04-29 for a weighted-average price of $82.44, generating about $6,595,424. The filing also reports a disposition of 102,200 shares on 2026-05-01 with $0 consideration — these shares were distributed in-kind to certain investors in private funds managed by Fine Capital (no cash changed hands).
Key Details
- Transaction dates and prices:
- 2026-04-29: Sale (S) of 80,000 shares at a weighted-average $82.44 (sales executed across $82.0413–$83.0111). Reporting persons can provide a breakdown on request (F1).
- 2026-05-01: Disposition (J) of 102,200 shares at $0.00 — reported as an in-kind distribution for no consideration (F3).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Beneficial ownership structure: Securities are held in private fund accounts managed by Fine Capital Partners, L.P.; Fine Capital Advisors, LLC and Ms. Debra Fine are related reporting persons (F2). Separately, 13,000 shares are owned directly by Debra Fine for her personal account (F4).
- Filing timeliness: Form was filed on 2026-05-01 for a 2026-04-29 transaction; this appears to be a timely Section 16 filing (within typical two-business-day window).
Context This filing reflects an institutional-holder sale plus an in-kind distribution to fund investors rather than a direct executive sale or purchase. For retail investors, note that institutional disposals and in-kind distributions often reflect fund-level actions (rebalancing or investor redemptions) and do not necessarily indicate the personal trading intent of company insiders.
Insider Transaction Report
- Sale
Common Stock, par value $.001 per share
[F1][F2]2026-04-29$82.44/sh−80,000$6,595,424→ 7,768,992 total(indirect: (See Footnote)) - Other
Common Stock, par value $.001 per share
[F3][F2]2026-05-01−102,200→ 7,666,792 total(indirect: (See Footnote))
- 13,000
Common Stock, par value $.001 per share
[F4]
Footnotes (4)
- [F1]This reported price is a weighted average price. These shares were sold in multiple transactions within the range of $82.0413 to $83.0111. 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]The securities reported herein are held in the accounts of private funds. Fine Capital Partners, L.P. may be deemed to be a beneficial owner of such securities by virtue of its role as the investment manager of such private funds. Fine Capital Advisors, LLC may be deemed to be a beneficial owner of such securities by virtue of its role as the general partner of Fine Capital Partners, L.P. Ms. Debra Fine may be deemed to be a beneficial owner of such securities by virtue of her role as the manager of Fine Capital Advisors, LLC. Except as otherwise stated herein, each Reporting Person disclaims beneficial ownership in the securities reported on this Form 3 except to the extent of its or her 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.
- [F3]The reported securities were distributed to certain investors in private funds managed by Fine Capital Partners, L.P. The reported securities were distributed in-kind and for no consideration.
- [F4]These 13,000 shares are owned directly by Debra Fine for her personal account and for her sole benefit. These shares are not beneficially owned by Fine Capital Partners, L.P. or Fine Capital Advisors, LLC.