Chiara Massimiliano 4

What Happened Chiara Massimiliano, Executive Vice President and CFO of Brightstar Lottery PLC, converted/vested 23,881 restricted share units into ordinary shares on July 14, 2026. To cover the tax liability, 11,511 of those shares were withheld/disposed at $10.71 per share, producing proceeds of $123,283. The net shares delivered to her after withholding were 12,370 shares (23,881 vested − 11,511 withheld).

Key Details

• Transaction date: July 14, 2026; Form 4 filed July 16, 2026 (appears timely).
• Conversion/exercise: 23,881 restricted share units converted to ordinary shares (code M).
• Tax withholding/disposition: 11,511 shares disposed at $10.71 each, total $123,283 (code F; shares withheld for tax).
• Net shares received: 12,370 shares (calculated from the reported conversion and withholding).
• Footnotes: F1 — each restricted share unit converts to one ordinary share on vesting (vests in equal annual installments on July 14 of 2026, 2027, 2028); F2 — shares withheld to pay tax liability.
• Shares owned after the transaction: not specified in the reported transaction lines.

Context This was primarily an award/vesting event (conversion of RSUs) with routine tax-withholding rather than an open-market purchase or discretionary sale. Withholding to cover taxes is common and does not necessarily indicate insider sentiment about the stock. For investors, purchases are generally more informative than routine vesting and tax-withholding transactions.