Morgan David Thomas 4

What Happened
Morgan David Thomas, Senior Vice President and Chief Accounting Officer of Brightstar Lottery PLC (BRSL), had 3,538 restricted share units (RSUs) convert into ordinary shares on July 14, 2026. Of those shares, 1,074 were withheld to cover tax liabilities at $10.71 per share, resulting in tax withholding of $11,503. Net shares added to Thomas’s holdings from this vesting were 2,464 shares (3,538 converted − 1,074 withheld). The conversion price for the RSUs is reported as N/A (typical for RSU vesting).

Key Details

• Transaction date: July 14, 2026; Form 4 filed July 16, 2026 (within the usual two-business-day reporting window).
• Actions reported: conversion/exercise of derivative (code M) — 3,538 RSUs converted to shares; tax withholding (code F) — 1,074 shares withheld at $10.71/share for $11,503.
• Net shares retained from this vesting: 2,464.
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: F1 — these are restricted share units that vest in three equal annual installments on July 14 of 2026, 2027 and 2028; F2 — shares were withheld to pay tax liability.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding).
• Filing timeliness: Filed July 16, 2026 — appears timely (within standard two-business-day deadline).

Context
This was a routine vesting/conversion of RSUs with a net share-withholding to satisfy taxes (a cashless/net settlement), not an open-market sale or purchase. Such tax-withholding dispositions are common and generally reflect payroll/tax obligations rather than a deliberate sell signal. For clarity: RSU conversions typically show "N/A" for per-share acquisition price because they're not bought on the open market.