Chow Oliver, EVP, CFO & Treasurer, has demonstrated a consistent pattern of selling activity in ASX-listed Light & Wonder, Inc. (ASX:LNW) based on SEC Form 4 filings. Over 39 reported transactions, Oliver has exclusively sold shares, with no recorded purchases, totaling approximately $1.77 million in aggregate sales. The most recent activity occurred on March 20, 2026, with multiple dispositions totaling $144,485.18 across four transactions, including sales of $33,016.20, $32,937.59, $56,520.59, and $22,010.80. This follows a larger sale on March 5, 2026, where Oliver disposed of $464,091.68 worth of shares alongside an additional $71,502.64 transaction the same day.
Oliver’s trading history shows a recurring pattern of sales concentrated around March and November, with notable dispositions in 2025 as well. On March 4, 2026, filings indicate a $184,376.25 sale, while earlier transactions include a $70,375.27 sale on November 14, 2025, and a $73,949.15 sale on March 20, 2025. The absence of any buy transactions suggests a one-sided dispositional trend, though the filings do not specify whether these sales were pre-planned or discretionary. The transactions primarily involve the same security (LNW), with no diversification into other equities, reinforcing Oliver’s exclusive focus on this holding. The consistent selling activity, particularly in early 2026, underscores a sustained reduction in Oliver’s stake in Light & Wonder.
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