Tondato Da Ruos Gian Mario 4

What Happened

• Tondato Da Ruos, a director of Brightstar Lottery PLC (BRSL), reported derivative activity on May 12, 2026. The filing shows the exercise/conversion of 14,801 derivative units (code M) and corresponding dispositions of 14,801 shares. Separately, 3,431 shares were withheld to cover tax liability at $11.55 per share (total $39,628; code F). The filing also records a grant/award of 17,316 restricted share units (RSUs) (code A), which are derivative awards.

Key Details

• Transaction date: May 12, 2026; filing date: May 14, 2026 (appears timely under Form 4 rules).
• Price(s): $11.55 used for tax withholding valuation; exercise/conversion and grant entries list N/A for per-share price.
• Share counts: 14,801 exercised/converted; 14,801 disposed; 3,431 withheld for taxes; 17,316 RSUs awarded.
• Shares owned after transaction: Not specified in the provided data.
• Footnotes: F1 — awarded RSUs vest on May 12, 2026; F2 — shares withheld to pay tax liability; F3 — filing also references RSUs vesting May 11, 2027.
• Transaction codes: M = exercise/conversion of derivative; F = payment of tax liability via share withholding; A = grant/award.

Context

• The filing shows both exercise/conversion and matching dispositions, plus tax withholding — consistent with a cashless settlement or immediate disposition of exercised shares rather than an open-market buy. The 17,316 RSUs are awards that vest (per footnote) and represent compensation, not an out‑of‑pocket purchase. No 10%‑owner or gift indicators are present.