SHANKS VIRGINIA E 4

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

AI-generated summary of this filing

Updated Jun 13, 2026

Light & Wonder Director Virginia Shanks Exercises Derivative, Receives RSUs

What Happened

Virginia E. Shanks, a director of Light & Wonder, reported derivative conversion and award activity on June 10, 2026. The filing shows an exercise/conversion (code M) covering 2,391 shares at $0.00 (both acquired and recorded as a derivative disposition) and a grant/award (code A) of 2,498 shares at $0.00. The reported transactions carry a $0 cash price—these entries reflect conversion/vesting and an RSU award rather than an open-market purchase or sale.

Key Details

Transaction date: June 10, 2026.
Entries reported:
- M (exercise/conversion): 2,391 shares acquired @ $0.00 and 2,391 shares disposed (derivative) @ $0.00.
- A (grant/award): 2,498 shares acquired @ $0.00.
Shares owned after the transactions: not specified in the supplied filing.
Notable footnotes:
- F1: Shares are held as CHESS Depositary Interests (CDIs) traded on the ASX; each CDI represents one share of common stock.
- F2: The 2,391 conversion reflects vesting of restricted stock units (RSUs) granted June 10, 2025; those units fully vested and converted one-for-one into shares.
- F3: The 2,498 RSUs are scheduled to vest on the earlier of the issuer’s 2027 annual meeting and June 10, 2027; each unit converts one-for-one into a share.
Filing timeliness: filing does not indicate a late report.

Context

These entries are awards/vesting and a derivative conversion, not open-market buys or sales. The $0 transaction prices typically mean vested units converted into shares or new RSUs were granted; they do not represent a cash investment by the insider.
For retail investors: awards and conversions increase insider-held shares but generally reflect compensation or prior grants being settled, not an independent buy signal.

Form 4

Period: 2026-06-10

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-06-10+2,391→ 11,710 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 Virginia E. Shanks|2026-06-12

2 files