SHANKS VIRGINIA E 4

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.