Kalabic Vanja, SVP & Chief Accounting Officer, has demonstrated a consistent pattern of selling activity in Light & Wonder, Inc. (LNW) shares over the past two years, with no recorded purchases. According to SEC Form 4 filings, Vanja executed 36 transactions totaling $904,435 in sales, all concentrated in LNW. The most recent disposals occurred in March 2026, with two sales on March 5 and March 20 amounting to $137,088 and $18,866, respectively, alongside smaller derivative transactions. This follows a similar pattern from March 2025, when Vanja sold $118,192 worth of shares and engaged in additional derivative dispositions. The filings show that Vanja’s transactions are primarily classified under code "S" for open-market sales and "F" for tax-related dispositions, with no offsetting acquisitions. The absence of buying activity and the repeated liquidation of holdings suggest a sustained reduction in exposure to LNW equity. While the sales are spread across multiple dates, they consistently align with early March, potentially indicating planned dispositions tied to vesting schedules or tax obligations. The transactions represent a clear directional bias toward divestment rather than accumulation in the company’s stock.
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