Throsby Timothy 4

What Happened

• Director Timothy Throsby reported the conversion/exercise of vested restricted stock units into 2,391 CHESS Depositary Interests (CDIs) on June 10, 2026 (reported as an acquired share and a corresponding disposed derivative entry). Those RSUs vested and converted one-for-one into shares. On the same date he was granted 2,498 additional restricted stock units (RSUs) that will vest in the future. All transactions show a $0 exercise/issue price — no cash changed hands.

Key Details

• Transaction date: June 10, 2026; Form 4 filed June 12, 2026 (timely within required reporting window).
• Reported items:
  • Exercise/conversion (M): 2,391 shares acquired @ $0.00 (vested RSUs converted to CDIs).
  • Exercise/conversion (M): 2,391 shares disposed @ $0.00 (corresponding derivative disposition reporting).
  • Grant/award (A): 2,498 RSUs awarded @ $0.00 (future vesting).
• Shares owned after transaction: not provided in the excerpt of the filing supplied.
• Footnotes of note:
  • CDIs represent beneficial ownership in Light & Wonder common stock traded on the ASX (each CDI = one share).
  • The 2,391 conversion reflects RSUs granted June 10, 2025 that fully vested and converted 1:1.
  • The 2,498 RSUs are scheduled to vest on the earlier of the issuer’s 2027 annual meeting or June 10, 2027.

Context

• This filing reflects vesting/conversion of RSUs and a new RSU grant — not an open‑market purchase or sale of common stock. The reported “disposed” derivative entry reflects conversion/cancellation of the derivative instrument and should not be interpreted as an executed sale of shares. Because no cash was paid or received and the new awards vest in the future, these transactions are routine compensation/award-related disclosures rather than indicative of an outright buy/sell decision.