LNW Light & Wonder, Inc. Insider Trading

Director Jamie Odell sold 30,000 shares of LNW at $90.08 for $2.7M on 2026-06-16.

Jamie Odell, a director, sold 30,000 shares (-29.4% vs pre-transaction holdings) at $90.08, reducing non-derivative holdings from 102,193 to 72,193 shares while retaining 527,933 shares in stock options. The sale occurred at a price $90.08 versus a current price of $86.22, representing a transaction above recent market levels. Across his same-ticker history at LNW, his prior three purchases generated 90-day returns of -4.3%, -6.7%, and -7.3%, establishing a pattern of post-purchase declines. The company's fundamentals show revenue of $790,000,000 and net income of $52,000,000 with annual revenue growth of +4.0%, indicating moderate operational stability.

Director Antonia Korsanos sold 30,000 shares of LNW at $90.08 for $2.7M, reducing non-derivative holdings to 78.8K shares while retaining 527,933 stock options.

Antonia Korsanos sold 30,000 shares at $90.08 on 2026-06-16, a -15.2% discount from the 52-week high of $101.64. Her non-derivative holdings fell -27.6% to 78.8K shares, though she retains 527,933 stock options. Across her prior LNW trades (5 buys totaling 2023–2025), she achieved a 100% win rate at the 90-day mark, with average 90d returns ranging from +0.6% to +16.6%, suggesting consistent timing accuracy at this ticker. The current stock price of $86.22 sits below the $90.08 sale price, showing post-sale downside within the measurement window. Against her cross-ticker track record of 100% 90d win rate with +9.7% average return, this sell-then-decline pattern diverges from her historical pattern and merits monitoring as new data on her LNW positioning evolves.

Fine Capital Partners, 10% LNWO owner, sells stake; stock trading well below highs after significant pullback.

Fine Capital Partners, a major institutional holder with over 10% ownership in Light & Wonder, executed a modest reduction of its position—just over one percent of holdings—as the stock trades meaningfully below its recent highs following a sharp three-month pullback. While the company remains profitable and generating substantial revenue, the timing of this institutional trimming during the stock's weakness could suggest the fund is managing portfolio concentration or rebalancing, rather than signaling fundamental concern about the business. The sale's relatively small scale relative to total holdings—less than two percent across two transactions—indicates this is routine portfolio management rather than a major exit. Investors should monitor whether this represents the start of a broader unwinding or simply tactical profit-taking by a diversified fund managing its LNWO weighting.

Lane Siobhan (CEO-Gaming) sells 12,953 shares for $1,154,002.39 at LNWO; exits 71.1% of holdings in 2 separate transactions.

Lane Siobhan executed 2 separate sales on 2026-03-11, totaling 12,953 shares for $1,154,002.39 (blended average price $89.09), reducing her position from 18,211 shares to 5,258 shares—a 71.1% reduction in holdings. The sales occurred within a period of significant stock weakness: the current price of $85.44 is 30.3% below the 52-week high of $122.55, and the stock has declined 26.3% over the past 30 days. The timing of this substantial portfolio reduction against a material downturn in valuation, combined with her retention of only 5.3K shares post-transaction, warrants investor attention to whether this signals a material change in her strategic positioning at the company.

SVP & CEO Gaming Lane Siobhan sold 17,394 shares ($1.6M) at blended avg $89.61 on Mar 9-10; retains 18.2K shares.

Lane Siobhan, SVP & CEO of Gaming at Light & Wonder, executed 5 separate sales totaling 17,394 shares for $1,558,624.37 across two trading days, reducing her holding by 48.9% to 18,211 shares post-transaction. The sales occurred at a blended average price of $89.61, which exceeds the current price of $88.55 but sits 27.7% below the 52-week high of $122.55. The company's fundamentals remain solid—most recent quarter revenue of $841,000,000.00 with net income of $114,000,000.00 and annual growth of +4.0%—suggesting the transaction reflects portfolio positioning rather than fundamental deterioration. Without a 10b5-1 trading plan FLAG or other scheduled execution indicators in the FACTS, the discretionary nature and scale of the reduction warrant observation, though the post-transaction retention of 18,211 shares indicates she maintains meaningful exposure to the stock.

Fine Capital Partners sells 9,037 shares ($1.0M) at avg $113.36 amid recent selloff activity

Fine Capital Partners, L.P., a 10% owner of Light & Wonder, executed 3 separate sales totaling 9,037 shares for $1,024,401.13 on 2026-01-27 at an average price of $113.36 per share. This represents a -0.1% reduction in holdings, leaving the firm with 8,151,955 shares post-transaction. The transaction occurred as LNWO trades at $116.19, which is -5.2% from the 52-week high of $122.55, and the stock has appreciated +10.7% over the prior 30 days. Notably, Fine Capital Partners has executed 5 separate sales at LNWO over the prior week (2026-01-19 through 2026-01-27), indicating a consistent pattern of share reduction during this period. Across all of Fine Capital's prior open-market activity across all tickers, their prior 18 sells averaged a -13.1% 30-day return, though outcomes of the recent same-ticker sales are not yet measurable.

Fine Capital Partners sells 30,501 LNWO shares (30.5K) for $3.7M; 10% holder reduces stake by 0.4% after 4 recent sales in 10 days

Fine Capital Partners, L.P., a 10% holder of Light & Wonder, executed 5 separate sales totaling 30,501 shares for $3,671,928.03 across three trading days (2026-01-19 to 2026-01-21) at a blended average price of $120.39. This follows a pattern of elevated selling activity: the filer also sold shares on 2026-01-09 and 2026-12-29, representing four distinct sales within the prior 10 days. The current share price of $113.05 sits 7.8% below the 52-week high of $122.55, and notably, the filer's cross-ticker track record shows an average 30-day return of -26.6% across 13 prior open-market sells, indicating a historical pattern of selling into periods that precede declines. While the reduction of 30,501 shares represents only a 0.4% decrease from pre-transaction holdings of 8,197,187 shares, the frequency and timing of these consecutive sales warrant attention to whether a longer-term reduction strategy is underway within an otherwise stable major stake.

10% owner Fine Capital Partners sells 15,000 shares at blended avg $103.48; holds 8.20M shares post-transaction

Fine Capital Partners, L.P., a 10% owner of Light & Wonder, Inc., executed two separate sales totaling 15,000 shares for $1,552,241.43 on 2026-01-09 at prices of $103.45 and $104.00, representing a -0.2% reduction in the firm's 8.21M-share holding. The current stock price of $118.78 is 14.8% above the blended transaction price of $103.48, though within the 52-week range of $85.60–$122.55. The company's fundamentals remain solid with quarterly revenue of $841.0M, net income of $114.0M, and annual revenue growth of +9.9%, supported by a P/E of 20.69. The sale timing appears conservative relative to recent price momentum (+19.1% over 30 days), though the firm retains a substantial 8.20M-share position indicating continued material commitment to the company.

Fine Capital Partners sells 20,000 shares at $103.33 avg; stake remains 8.21M shares post-transaction.

Fine Capital Partners, L.P., a 10% owner of Light & Wonder, Inc., executed 4 separate sales totaling 20,000 shares for $2,066,630.85 on 2025-12-29, at a blended average price of $103.33. The stake decreased from 8.23M shares to 8.21M shares (−0.2% vs pre-transaction holdings), representing a modest reduction in the company's largest ownership position. The timing occurs near the 52-week high of $104.95, with the stock currently at $103.09, and follows a concentrated selling pattern at LNWO: the insider executed 5 prior trades at this ticker all in December 2025 (2025-12-12, 2025-12-09), none yet measurable at the 30- or 90-day mark. The fundamentals show stable performance: $841.0M quarterly revenue, $114.0M net income, and +9.9% annual revenue growth support a P/E of 17.96 and market cap of $8.4B. Without FLAGS indicating a 10b5-1 plan or other scheduled disposition, the clustering of sales near a year-to-date peak price warrants observation of whether this pattern continues or signals a directional shift in the insider's capital allocation at this holding.

Fine Capital Partners (10% owner) sold 12,000 shares of LNWO at $100.78, retaining 8,232,187 shares

Fine Capital Partners sold 12,000 shares (12.0K shares) at $100.78 on 2025-12-12, a de minimis reduction of -0.1% from its 8.24M share pre-transaction position, leaving it with 8,232,187 shares (8.23M shares) post-sale. The transaction volume is trivial relative to the filer's substantial ownership stake and the $7.8B market cap of Light & Wonder. The current stock price of $95.80 (as of 2025-12-16) has moved below the sale price, but with only 23 trading days elapsed since the recent listing, historical patterns are not yet meaningful. The fundamentals remain stable with $841.0M quarterly revenue, $114.0M net income, 9.9% annual revenue growth, and a 16.69 P/E—indicating no apparent distress. The sale represents minor portfolio adjustment rather than a substantive conviction signal.