Fine Capital Partners, L.P. 4

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.