Lane Siobhan 4

What Happened
Siobhan Lane, SVP & CEO — Gaming at Light & Wonder (LNWO), sold a total of 12,953 shares in open-market transactions on March 11, 2026, generating aggregate proceeds of $1,154,002. The sales consisted of 11,708 shares reported at a weighted-average price of $89.03 (proceeds $1,042,363) and 1,245 shares reported at a weighted-average price of $89.67 (proceeds $111,639). These were outright sales (transaction code S), which are typically routine dispositions and not direct indicators of company prospects.

Key Details

• Transaction dates: March 11, 2026; Form 4 filed March 12, 2026 (timely filing).
• Prices reported and ranges:
  • 11,708 shares @ $89.03 (weighted avg; trade prices ranged $88.55–$89.50) — F1.
  • 1,245 shares @ $89.67 (weighted avg; trade prices ranged $89.56–$90.00) — F2.
• Total shares sold: 12,953; total proceeds: $1,154,002.
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: Both sales were executed in multiple trades; the reported prices are weighted averages and detailed aggregated trade data are available on request to the SEC staff, issuer, or a security holder.
• Filing timeliness: Filed the next day (no indication of a late filing in this record).

Context

• These were direct open-market sales (S = Sale). Sales by executives can reflect many reasons (diversification, personal tax/liquidity needs, planned dispositions), so they should not be interpreted alone as a signal about company fundamentals.
• No option exercises, awards, gifts, or tax-withholding events were reported in this Form 4.