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LNWOLight & Wonder, Inc. · Insider ownership research

Light & Wonder, Inc. insiders sold $17.1M in the past 12 months. How much of their stake is that?

0% was sold under disclosed trading plans, 74% to cover taxes, 26% with no plan disclosed. The largest seller, Jamie Odell (Director), sold $6.4M. 37% of these sales were shares from exercising options.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 16, 2026 from SEC filings · covers Oct 17, 2025 to Oct 16, 2026
$4.4M
sold with no plan disclosed, past 12 months
0%
of sales were under disclosed trading plans, past 12 months
6 of 13
officers and directors sold shares, past 12 months
Is this normal? More than usual: $17.1M sold, after almost none in the past 5 years. 6 insiders sold; the average is 3 a year. Year by year
Latest filing: Filed Oct 5 for a vesting on Oct 1. Jamie Odell had 5.5K shares vest or be exercised. Filing
SEC ownership filings: 48 filed in the 12 months to Oct 16, 2026; 1,491 on record since Jan 9, 1998 · See the evidence

What stands out

Siobhan Lane sold $2.9M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, Mar 11, 2026
Selling picked up in the last 90 days: officers and directors sold 85K shares, against an average of 34K per 90 days earlier in the period. Most of it was Jamie Odell (40K shares in the last 90 days) and Antonia Korsanos (39K shares in the last 90 days); 0% of these sales were under disclosed plans.Jamie Odell: largest recent sale, Aug 18, 2026 · Antonia Korsanos: largest recent sale, Aug 18, 2026
Tax withholding outweighed market sales: the company withheld $23.6M of officers' and directors' shares for taxes, against $17.1M sold on the open market. The largest was Jamie Odell ($10.0M withheld).Largest withholding, Aug 17, 2026

A share of stake is shown for 0 of the 6 officers and directors who sold. 13 are left out

i
Left out: Matthew Wilson, James Sottile, Hamish McLennan, Timothy Throsby, Jamie Odell, Siobhan Lane, Dr Youngblood, Antonia Korsanos, Stephen Morro, Virginia Shanks, Vanja Kalabic, Oliver Chow and Michael Marchetti (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Jamie Odell
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$6.4MTo cover taxes
Antonia Korsanos
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$6.3MTo cover taxes
Siobhan Lane
SVP & CEO - Gaming
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$2.9MNo plan disclosed
Hamish McLennan
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$872KNo plan disclosed
Oliver Chow
EVP, CFO & Treas
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$464KNo plan disclosed
All 6 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

To cover taxesNo plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNovDecJanFebMar 2026: $3.9M no plan disclosedMarAprMayJun 2026: $5.4M to cover taxesJunJulAug 2026: $7.3M to cover taxesAug 2026: $167K no plan disclosed$7.5MAugSep 2026: $330K no plan disclosedSepOct

Recent activity

Past 30 days, Sep 17, 2026 to Oct 16, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Sep 9, 2026Hamish McLennan sold 3.7K shares ($330K) with no plan disclosed.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Hamish McLennan
Director
3,700$89.26n/an/aSep 9, 2026Sep 10, 2026

Outside holders, reported separately

Fine Capital Partners, L.P. sold $20.2M in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Light & Wonder, Inc. CEO selling stock?

No. Matthew Wilson reported no open-market sales in the past 12 months.

Why are Light & Wonder, Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings, 74% were to cover taxes and 26% had no disclosed plan. A trading plan schedules sales in advance.

Are any Light & Wonder, Inc. insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold6 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Jamie Odell
Director
$6.4M
70K shares
Not confirmed
share of stake is being verified. Why
To cover taxes
Antonia Korsanos
Director
$6.3M
69K shares
Not confirmed
share of stake is being verified. Why
To cover taxes
Siobhan Lane
SVP & CEO - Gaming
$2.9M
32K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Hamish McLennan
Director
$872K
9.7K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Oliver Chow
EVP, CFO & Treas
$464K
5.1K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Vanja Kalabic
SVP & Chief Accounting Officer
$137K
1.5K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed

Outside holder, reported separately: Fine Capital Partners, L.P. (a 10% owner, not part of management). Sold $20.2M (199K shares) from Dec 8, 2025 to Apr 29, 2026. Latest filing

The full ownership picture0 of 13 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 16, 2025SoldHeld Oct 16, 2026Still held
Matthew Wilson
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Matthew Wilson are complete.
President & CEO
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Matthew Wilson

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Matthew Wilson are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−23Kwithheld by the company for taxes
James Sottile
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for James Sottile are complete.
Exec VP, CLO & Corp Sec
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for James Sottile

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for James Sottile are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Hamish McLennan
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Hamish McLennan are complete.
Director
n/a−9.7Kn/an/a
Vesting, gifts, unvested awards and holding lines for Hamish McLennan

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Hamish McLennan are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
5,000$34.12Nov 11, 2030$276K

Estimate: options held × ($89.26 − strike price), using the most recent insider trade price on Form 4 (Sep 9, 2026), not a market close.

Timothy Throsby
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Timothy Throsby are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Timothy Throsby

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Timothy Throsby are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Jamie Odell
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jamie Odell are complete.
Director
n/a−70Kn/an/a
Vesting, gifts, unvested awards and holding lines for Jamie Odell

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jamie Odell are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−109Kwithheld by the company for taxes
  • Some sales match sales reported by Antonia Korsanos exactly (date, shares and price). Possibly the same shares reported by both; the filings don't confirm it.

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
377,933$35.42Sep 28, 2026$20.3M

Estimate: options held × ($89.26 − strike price), using the most recent insider trade price on Form 4 (Sep 9, 2026), not a market close.

Siobhan Lane
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Siobhan Lane are complete.
SVP & CEO - Gaming
n/a−32Kn/an/a
Vesting, gifts, unvested awards and holding lines for Siobhan Lane

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Siobhan Lane are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−12Kwithheld by the company for taxes
Dr Youngblood
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Dr Youngblood are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Dr Youngblood

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Dr Youngblood are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Antonia Korsanos
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Antonia Korsanos are complete.
Director
n/a−69Kn/an/a
Vesting, gifts, unvested awards and holding lines for Antonia Korsanos

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Antonia Korsanos are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−109Kwithheld by the company for taxes
  • Some sales match sales reported by Jamie Odell exactly (date, shares and price). Possibly the same shares reported by both; the filings don't confirm it.

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
377,933$35.42Sep 28, 2026$20.3M

Estimate: options held × ($89.26 − strike price), using the most recent insider trade price on Form 4 (Sep 9, 2026), not a market close.

Stephen Morro
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Stephen Morro are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Stephen Morro

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Stephen Morro are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Virginia Shanks
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Virginia Shanks are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Virginia Shanks

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Virginia Shanks are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Vanja Kalabic
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Vanja Kalabic are complete.
SVP & Chief Accounting Officer
n/a−1.5Kn/an/a
Vesting, gifts, unvested awards and holding lines for Vanja Kalabic

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Vanja Kalabic are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−1.7Kwithheld by the company for taxes
Oliver Chow
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Oliver Chow are complete.
EVP, CFO & Treas
n/a−5.1Kn/an/a
Vesting, gifts, unvested awards and holding lines for Oliver Chow

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Oliver Chow are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−5.8Kwithheld by the company for taxes
Michael Marchetti
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michael Marchetti are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Michael Marchetti

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Marchetti are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
10,000$80.36Jan 15, 2034$89K

Estimate: options held × ($89.26 − strike price), using the most recent insider trade price on Form 4 (Sep 9, 2026), not a market close.

Holdings and share of stake for Light & Wonder, Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$17.1M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $17.1M across 188,065 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $4.4M

Sales with no 10b5-1 plan and no tax reference in the filing. $2.9M of it is Siobhan Lane. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Siobhan Lane, Mar 11, 2026

Taxes

$12.7M of sales (74.5%) cite tax obligations in their footnotes. Separately, 260,606 shares ($23.6M) were withheld by the company for taxes, which isn't a market sale. Example: Antonia Korsanos, Aug 18, 2026

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Jamie Odell
Director
70K$6.4M0%37%Jun 16, 2026 to Aug 18, 2026
Antonia Korsanos
Director
69K$6.3M0%37%Jun 16, 2026 to Aug 18, 2026
Siobhan Lane
SVP & CEO - Gaming
32K$2.9M0%17%Mar 9, 2026 to Aug 6, 2026
Hamish McLennan
Director
9.7K$872K0%5%Mar 1, 2026 to Sep 9, 2026
Oliver Chow
EVP, CFO & Treas
5.1K$464K0%3%Mar 5, 2026 to Mar 5, 2026
Vanja Kalabic
SVP & Chief Accounting Officer
1.5K$137K0%0.8%Mar 5, 2026 to Mar 5, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$3.9M$0$0$3.9M
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$5.4M$0$5.4M$0
Jul 2026$0$0$0$0
Aug 2026$7.5M$0$7.3M$167K
Sep 2026$330K$0$0$330K
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

More than usual: $17.1M sold, after almost none in the past 5 years. 6 insiders sold; the average is 3 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 16, 2026
Latest 12 months
188K6$17.1M
Oct 16, 2025
1 year earlier
33K6$3.5M
Oct 16, 2024
2 years earlier
17K5$1.7M
Oct 17, 2023
3 years earlier
48K3$3.1M
Oct 17, 2022
4 years earlier
00$0
Oct 17, 2021
5 years earlier
00$0

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty13 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Light & Wonder, Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,491 filings on record, 48 filed in the 12-month period, and how we read them

All 1,491 Forms 3, 4 and 5 on record for Light & Wonder, Inc. (SEC CIK 750004), filed from Jan 9, 1998 to Oct 5, 2026; 48 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 16, 2026. Prices are the ones reported in each filing, often weighted averages. 4 filings were left out because Light & Wonder, Inc. filed them as an owner of another company's stock. 24 older filings exist only on paper and could not be read.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (66)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Michael ReganJun 10, 202490,123 shares, last reported balance as of Jun 10, 2024
Maria VulloJun 10, 202416,202 shares, last reported balance as of Jun 10, 2024
Constance JamesMay 8, 202330,112 shares, last reported balance as of May 5, 2023
Barry CottleJun 2, 2022350,170 shares, last reported balance as of Jun 1, 2022
Stephen RichardsonMar 22, 202218,449 shares, last reported balance as of Mar 20, 2022
Patrick McHughMar 22, 202261,497 shares, last reported balance as of Mar 20, 2022
Jack MarkellJan 4, 202211,135 shares, last reported balance as of Dec 31, 2021
Michael WinterscheidtNov 29, 202130,038 shares, last reported balance as of Nov 25, 2021
Michael EklundJun 29, 202117,561 shares, last reported balance as of Jun 1, 2021
Peter CohenJun 11, 20211,053,553 shares, last reported balance as of Jun 9, 2021
Ronald PerelmanOct 13, 2020126,340,717 shares, last reported balance as of Oct 12, 2020
Barry SchwartzSep 16, 2020141,548 shares, last reported balance as of Sep 16, 2020
Frances TownsendSep 16, 202095,846 shares, last reported balance as of Sep 16, 2020
Barry SchwartzSep 16, 202010,000 shares, last reported balance as of Sep 16, 2020
Richard HaddrillJul 24, 2020242,039 shares, last reported balance as of Jul 24, 2020
Paul MeisterJun 12, 202082,740 shares, last reported balance as of Jun 10, 2020
Michael QuartieriApr 6, 202064,653 shares, last reported balance as of Mar 20, 2020
David KennedyDec 31, 201958,251 shares, last reported balance as of Dec 31, 2019
Derik MooberryNov 29, 201914,416 shares, last reported balance as of Nov 27, 2019
Gerald FordJun 12, 2019409,610 shares, last reported balance as of Jun 12, 2019
Gabrielle McDonaldJun 12, 201936,873 shares, last reported balance as of Jun 12, 2019
James KennedyDec 17, 201868,241 shares, last reported balance as of Apr 27, 2018
Douglas AlbregtsAug 8, 2018No balance on record
David SmailAug 7, 201828,697 shares, last reported balance as of Aug 3, 2018
Michael IsaacsJul 3, 201898,591 shares, last reported balance as of Jun 30, 2018
Kevin SheehanJun 29, 201862,108 shares, last reported balance as of Jun 27, 2018
Viet DinhJun 21, 20181,554 shares, last reported balance as of Jun 19, 2018
Larry PottsMar 22, 2018139,147 shares, last reported balance as of Mar 20, 2018
Sien TjonMar 13, 2017No balance on record
Steven BeasonJun 23, 201695,235 shares, last reported balance as of Apr 27, 2016
Jeffrey JohnsonApr 29, 201625,309 shares, last reported balance as of Apr 27, 2016
Scott SchweinfurthNov 30, 201548,010 shares, last reported balance as of Nov 25, 2015
Debra PerelmanJun 12, 20153,495 shares, last reported balance as of Jun 10, 2015
Kathryn LeverApr 29, 2015No balance on record
William Thompson Jr.Mar 9, 2015No balance on record
William HuntleyDec 23, 201441,034 shares, last reported balance as of Dec 20, 2014
John KeaneApr 25, 2014No balance on record
Jeff LipkinApr 3, 201492,328 shares, last reported balance as of Apr 1, 2014
Andrew TombackMar 24, 2014No balance on record
Stephen FraterMar 18, 201459,388 shares, last reported balance as of Feb 23, 2014
John SarnoDec 10, 201326,769 shares, last reported balance as of Dec 7, 2013
Michael ChambrelloJun 11, 2013229,467 shares, last reported balance as of Jun 10, 2013
Lorne WeilMar 27, 20131,856,227 shares, last reported balance as of Mar 23, 2013
James TraskOct 9, 201229,751 shares, last reported balance as of Oct 7, 2012
Grier RaclinOct 5, 20127,991 shares, last reported balance as of Oct 3, 2012
Eric TurnerAug 27, 2012No balance on record
Robert BeckerAug 20, 201253,043 shares, last reported balance as of Aug 16, 2012
Robert KerreyJan 4, 201211,742 shares, last reported balance as of Jan 3, 2012
Ira RaphaelsonNov 3, 2011146,911 shares, last reported balance as of Nov 1, 2011
Stephen GibbsMar 23, 20114,327 shares, last reported balance as of Mar 1, 2011
Joseph Wright Jr.Jul 7, 2010196,330 shares, last reported balance as of Jul 6, 2010
Sally ConkrightMar 9, 200930,971 shares, last reported balance as of Mar 5, 2009
Dewayne LairdMar 2, 200938,107 shares, last reported balance as of Feb 27, 2009
Steven SaferinMar 2, 20096,269 shares, last reported balance as of Feb 27, 2009
Brian WolfsonJan 4, 20079,378 shares, last reported balance as of Jan 3, 2007
Howard GittisJan 4, 200713,832 shares, last reported balance as of Jan 3, 2007
Cliff BickellDec 22, 20064,471 shares, last reported balance as of Dec 20, 2006
Martin SchlossMar 8, 200622,540 shares, last reported balance as of Mar 7, 2006
Brien OSep 9, 200510,594 shares, last reported balance as of Mar 1, 2005
Brooks PierceDec 13, 2004100,000 shares, last reported balance as of Sep 15, 2004
Richard WeilApr 13, 20049,949 shares, last reported balance as of Apr 8, 2004
Alan ZakonJan 6, 2004410,474 shares, last reported balance as of Jan 2, 2004
Rosario BifulcoNov 21, 2003No balance on record
Antonio BelloniNov 21, 2003No balance on record
Michael ImmordinoNov 21, 200310,820 shares, last reported balance as of Nov 19, 2003
Gaming CirmaticaNov 21, 200313,538 shares, last reported balance as of Nov 19, 2003

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