Marchetti Michael 4

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.