Odell Jamie 4

4 · Light & Wonder, Inc. · Filed Jun 17, 2026

AI-generated summary of this filing

Updated Jun 18, 2026

Light & Wonder Director Jamie Odell Exercises Options, Sells Shares

What Happened

Jamie Odell, a director of Light & Wonder, exercised 135,000 stock options on June 15, 2026, resulting in the acquisition of 135,000 CDIs (units representing ASX-listed shares) valued at $35.42 each (total ~$4,781,700).
To cover the exercise price and related tax liability, 53,748 CDIs were withheld/disposed (reported as F) at an implied value of $88.20 per CDI (total ~$4,740,574). The filing also shows a derivative-item reporting the options converted to shares.
On June 16, 2026, Odell sold 30,000 CDIs in an open-market transaction at $90.08 per CDI, generating proceeds of ~$2,702,400.

Key Details

Transaction dates and prices:
- 2026-06-15: Exercised 135,000 options → acquired 135,000 CDIs @ $35.42 = $4,781,700 (code M).
- 2026-06-15: 53,748 CDIs withheld/disposed to pay exercise price/taxes @ $88.20 = $4,740,574 (code F).
- 2026-06-16: Sold 30,000 CDIs in open market @ $90.08 = $2,702,400 (code S).
Shares are held/traded as CHESS Depositary Interests (CDIs) on the ASX (footnote F1). Monetary amounts were converted from AUD to USD per the filing (F2, F3).
Footnotes: options vested in three equal installments on Sept 28, 2021, 2022, and 2023 (F6). Some shares cited as held by affiliated entities (New Dusk Pty Ltd and Jamie & Caroline Odell Superannuation Fund) (F4, F5).
Ownership after the transactions is not specified in the excerpt provided.
Filing was submitted on 2026-06-17 for transactions dated 2026-06-15 and 2026-06-16 — within the typical Form 4 reporting window (timely).

Context

This was primarily an option exercise followed by withholding of shares to cover costs/taxes and a subsequent open-market sale. The withholding of CDIs to pay exercise price/taxes and the immediate sale of a portion of shares is a common cashless-style outcome of exercising options and does not, by itself, indicate investment intent beyond satisfying obligations.

Form 4

Period: 2026-06-15

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-06-15$35.42/sh+135,000$4,781,700→ 155,941 total
Tax Payment
Common Stock
[F1][F2]
2026-06-15$88.20/sh−53,748$4,740,574→ 102,193 total
Sale
Common Stock
[F1][F3]
2026-06-16$90.08/sh−30,000$2,702,400→ 72,193 total
Exercise/Conversion
Stock Option (right to buy)
[F6]
2026-06-15−135,000→ 527,933 total
Exercise: $35.42Exp: 2026-09-28→ Common Stock (135,000 underlying)

Holdings

Footnotes (6)

[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 withholding of CDIs to pay the exercise price upon the exercise of stock options. Price converted from Australian Dollars into U.S. Dollars based on an exchange rate of $1 AUD to $0.7047 USD.
[F3]Represents the sale of CDIs to cover tax liability in connection with the exercise of stock options. Price converted from Australian Dollars into U.S. Dollars based on an exchange rate of $1 AUD to $0.7068 USD.
[F4]Represents shares of common stock held by New Dusk Pty Ltd (Odell Family Trust), of which Mr. Odell serves as a director and a shareholder and is a beneficiary of the trust.
[F5]Represents shares of common stock held by the Jamie and Caroline Odell Superannuation Fund, a fund of which Mr. Odell is the beneficiary.
[F6]The stock options vested in three equal installments on September 28, 2021, 2022 and 2023.

Signature

/s/ Sweta Gabhawala, attorney-in-fact for Jamie Odell|2026-06-17

2 files