Marchetti Michael 4

4 · Light & Wonder, Inc. · Filed Jun 12, 2026

AI-generated summary of this filing

Updated Jun 13, 2026

Light & Wonder Director Michael Marchetti Exercises Derivatives, Receives Award

What Happened

Michael Marchetti, a director of Light & Wonder (ASX:LNW), had 2,391 derivative units reported as converted/exercised on June 10, 2026 (acquired and simultaneously reported disposed at $0.00) and was also reported as receiving an award of 2,498 derivative shares (RSUs) on the same date. All transactions show a $0.00 per-share price and therefore no cash value reported in the filing.

Key Details

Transaction date: June 10, 2026; Form filed June 12, 2026 (timely filing).
Entries: 2,391 shares — exercise/conversion of derivative (acquired and disposed) at $0.00; 2,498 shares — grant/award (RSUs) at $0.00.
Footnotes: F1 — shares are held as CHESS Depositary Interests (CDIs) on the ASX (each CDI equals one share). F2 — 2,391 conversion reflects vesting of RSUs granted June 10, 2025; those awards have fully vested and converted one-for-one to shares. F3 — the 2,498 RSUs are subject to future vesting (earlier of the 2027 annual meeting or June 10, 2027) and convert one-for-one when they vest.
Shares owned after transaction: not specified in the provided excerpt of the filing.
Filing timeliness: filed two days after the report date (appears timely); no 10b5-1 or tax-withholding codes reported in the excerpt.

Context

The $0.00 price indicates these were RSU conversions/awards (vesting and conversion), not purchases funded by Marchetti. The paired acquire/dispose reporting for the 2,391 units reflects conversion activity recorded on the Form 4; the filing does not report any market sale proceeds or cashless sale associated with these entries.
For retail investors: awards and RSU vesting are common executive compensation events and do not by themselves signal a purchase-based bullish vote by the insider.

Form 4

Period: 2026-06-10

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-06-10+2,391→ 5,550 total
Exercise/Conversion
Restricted Stock Units
[F2]
2026-06-10−2,391→ 0 total
→ Common Stock (2,391 underlying)
Award
Restricted Stock Units
[F3]
2026-06-10+2,498→ 2,498 total
→ Common Stock (2,498 underlying)

Footnotes (3)

[F1]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.
[F2]Represents the vesting of restricted stock units granted on June 10, 2025. The award has fully vested. Each restricted stock unit converted into a share of common stock on a one-for-one basis.
[F3]The restricted stock units are scheduled to vest on the earlier of (a) the date of the issuer's 2027 annual meeting of stockholders and (b) June 10, 2027. Each unit converts into a share of common stock on a one-for-one basis.

Signature

/s/ Sweta Gabhawala, attorney-in-fact for Michael Marchetti|2026-06-12

2 files