Company: LAWIL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000750004-25-000072
Chunk: 16

Company: Light & Wonder, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part II, Item 1A
Chunk 16
---
 the three months ended September 30, 2025.

(in millions, except for price per share)ISSUER PURCHASES OF EQUITY SECURITIESPeriodTotal Number of SharesPurchased as Part ofPublicly AnnouncedPrograms(1)Average Price Paid per Share(2)Total Cost of Repurchase (in millions)(2)Approximate Dollar Value of Shares that May Yet Be Purchased Under the Programs (in millions)(2)7/1/2025 - 7/31/2025— $— $— $947 8/1/2025 - 8/31/20250.7 $86.37 63 $884 9/1/2025 - 9/30/20250.5 $87.90 48 $836 Total1.2 $87.02 $111 $836 (1) On June 11, 2024, our Board of Directors (“Board”) approved a new share repurchase program under which the Company was authorized to repurchase from time to time through June 12, 2027, up to an aggregate amount of $1.0 billion in shares of our common stock. On July 31, 2025, the Board approved an increase of such share repurchase program from $1.0 billion to $1.5 billion.(2) Average price paid per share is calculated on a settlement basis and excludes excise tax. As of January 1, 2023, our share repurchases in excess of issuances are subject to a 1% excise tax enacted by the Inflation Reduction Act, resulting in $3 million recorded as of September 30, 2025. Any excise tax incurred is recognized in stockholders’ equity as part of the cost basis of the shares acquired. 

46

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

Insider Trading Arrangements and Policies

Certain of our officers or directors have made elections to participate in, and are participating in, our 401(k) plan and have made, and may from time to time make, elections to have shares withheld to cover withholding taxes, which may be designed to satisfy the affirmative defense conditions of Rule 10b5-1 under the Exchange Act or may constitute non-Rule 10b5-1 trading arrangements (as defined in Item