Light & Wonder, Inc. — Director's Dealing 2025

Nov 18, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Light & Wonder, Inc. (ASX:LNW)
CIK: 0000750004
Period of Report: 2025-11-14

Reporting Person: Chow Oliver (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-14	Common Stock	M	2008	—	Acquired	7773	Direct
2025-11-14	Common Stock	F	791	$88.97	Disposed	6982	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-11-14	Restricted Stock Units	$	M	1133	Disposed		Common Stock (1133)	Direct
2025-11-14	Restricted Stock Units	$	M	875	Disposed		Common Stock (875)	Direct

Footnotes

F1: Reflect 2,008 CHESS Depositary Interests ("CDIs") that were acquired upon the vesting of restricted stock units as disclosed in Table II. CDIs 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 satisfaction of tax withholding obligations upon the vesting of restricted stock units. Price converted from Australian Dollars into U.S. Dollars based on an exchange rate of $1 AUD to $0.6529 USD.

F3: Represents the vesting of one-third of restricted stock units granted on November 14, 2022. The award has fully vested. Each restricted stock unit converted into a share of common stock on a one-for-one basis.

F4: Represents the vesting of one-third of restricted stock units granted on March 24, 2023. The award has fully vested. Each restricted stock unit converted into a share of common stock on a one-for-one basis.