Lane Siobhan 4

What Happened Siobhan Lane, SVP & CEO — Gaming at Light & Wonder (LNWO), sold a total of 17,394 shares in open-market transactions on March 9–10, 2026, for aggregate proceeds of approximately $1,558,624. The reported trades (weighted-average prices) were:

• 2,681 shares at $89.76 — $240,647 (Mar 9)
• 2,319 shares at $90.79 — $210,542 (Mar 9)
• 4,887 shares at $88.84 — $434,161 (Mar 10)
• 7,237 shares at $89.66 — $648,869 (Mar 10)
• 270 shares at $90.39 — $24,405 (Mar 10)
  All transactions are coded as S (sale).

Key Details

• Dates: March 9–10, 2026; Filing date: March 11, 2026 (timely — within required Form 4 reporting window).
• Price details: each reported price is a weighted average of multiple trades. Reported trade price ranges per footnote:
  • Trade 1: $89.46–$90.31
  • Trade 2: $90.70–$90.97
  • Trade 3: $88.22–$89.20
  • Trade 4: $89.25–$90.24
  • Trade 5: $90.33–$90.46
  • The filing notes that detailed aggregated trade information is available to Commission staff, the issuer or a security holder upon request.
• Shares owned after transaction: not stated in the provided excerpt — see the full Form 4 for post-transaction holdings.
• Filing timeliness: filed March 11, 2026; appears timely under the two-business-day Form 4 rule.
• Transaction code: S = Sale (no 10b5-1 plan, tax withholding, or option exercise noted in the excerpt).

Context

• These are open-market sales (not purchases or option exercises). Insider sales are common for liquidity, diversification, or other personal reasons and do not by themselves indicate the company’s future performance. For investors, purchases tend to be more informative about insider sentiment than routine sales; this filing documents significant proceeds (~$1.56M) but does not state any change in ownership percentage or company control.