DLHC: 10% Owner Adds 24,311 Shares at ~$5.45, Stake Now 鈮�2.3M

Q: How many DLHC shares did Mink Brook Asset Management LLC purchase?

The filing shows 24,311 shares acquired on 18 Jun 2025 and 20 Jun 2025.

Q: At what prices were the DLHC shares bought?

Weighted-average prices were $5.448 on 18 Jun 2025 and $5.4692 on 20 Jun 2025.

Q: What is Mink Brook鈥檚 total DLHC ownership after the transactions?

Indirect beneficial ownership stands at approximately 2.30 million shares .

Q: Were any DLHC derivative securities traded?

No. Table II shows no derivative transactions in this Form 4.

Q: Does the filing indicate a sale or only purchases?

Only open-market purchases were reported; no dispositions were disclosed.

[8-K] Light & Wonder, Inc. Reports Material Event

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Mink Brook Asset Management LLC, classified as a 10% beneficial owner of DLH Holdings Corp. (DLHC), filed a Form 4 disclosing two open-market purchases of the issuer鈥檚 common stock.

Transactions: 18 Jun 2025 鈥� 18,535 shares at a weighted-average $5.448; 20 Jun 2025 鈥� 5,776 shares at a weighted-average $5.4692. Total newly acquired shares: 24,311.
Post-trade holdings: 1,608,115 shares held indirectly via Mink Brook Partners LP and 694,322 shares via Mink Brook Opportunity Fund LP, for an aggregate indirect beneficial ownership of 鈮�2.30 million shares.
No derivative securities were bought or sold, and no dispositions were reported.

The filing signals incremental insider accumulation at a price range of roughly $5.32鈥�$5.50, potentially indicating management鈥檚 or the fund鈥檚 continued confidence in DLHC鈥檚 valuation.

Positive

Insider accumulation: A 10% owner purchased 24,311 additional DLHC shares, implying confidence in the stock at ~$5.45.
Stake enlarged to 鈮�2.3 million shares: Reinforces long-term commitment from a significant shareholder.

Negative

None.

Insights

TL;DR: 10% owner adds 24k DLHC shares, boosting stake to ~2.3 M; mildly bullish signal.

The purchase represents only about 1% of Mink Brook鈥檚 existing position but confirms a consistent accumulation pattern. Buying within a narrow $5.32鈥�$5.50 band suggests price discipline and a view that current levels are attractive. While the dollar value is modest (鈮�$133 k), insider buying by a >10% holder is generally perceived positively by investors, especially given the absence of simultaneous sales or derivative hedges. The lack of complex instruments and the continuation of indirect ownership through LP structures keep governance risk unchanged. Overall, the filing is positive yet not materially transformative for DLHC鈥檚 investment thesis.

06/20/2025 - 04:22 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 16, 2025

LIGHT & WONDER, INC.

(Exact name of registrant as specified in its charter)

Nevada		81-0422894
(State or other jurisdiction of incorporation)		(IRS Employer
		Identification No.)

001-11693

(Commission File Number)

6601 Bermuda Road, Las Vegas, NV 89119

(Address of registrant’s principal executive office)

(702) 897-7150

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class	Trading symbol(s)	Name of each exchange on which registered
Common Stock, $.001 par value	LNW	The Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Executive Vice President, Chief Legal Officer and Corporate Secretary Transition

On June 16, 2025, James Sottile notified Light & Wonder, Inc. (the “Company”) that he will retire from the Company, and that his last day of service as the Company’s Executive Vice President, Chief Legal Officer (“CLO”) and Corporate Secretary, will be December 31, 2025. Susan Dawson, the Company’s current Senior Vice President and Deputy General Counsel, will succeed Mr. Sottile and assume the role of CLO and Corporate Secretary upon his retirement. In order to ensure a smooth transition of Mr. Sottile’s duties and responsibilities, Mr. Sottile has agreed to provide consulting services to the Company for one year following December 31, 2025, as further described below.

Ms. Dawson joined the Company in 2012, based out of the United Kingdom, and has served as Senior Vice President and Deputy General Counsel since 2018. As part of her new role, Ms. Dawson will relocate to Las Vegas.

Amendment to Mr. Sottile’s Employment Agreement and Entry Into Consulting Agreement with Mr. Sottile

On June 20, 2025, the Company entered into an amendment (the “Employment Agreement Amendment”) to Mr. Sottile’s employment agreement, dated as of August 2, 2021 (effective as of September 1, 2021), that provides (1) for an extension of such agreement and Mr. Sottile’s employment through the end of 2025, (2) that if Mr. Sottile remains employed through the end of 2025, he will remain eligible to receive his annual bonus in respect of 2025 and (3) that, at Mr. Sottile’s request, in lieu of the treatment of his equity awards provided for in the employment agreement prior to the Employment Agreement Amendment, upon his retirement Mr. Sottile’s awards will be subject to the Company’s policy on equity vesting upon retirement applicable to all recipients of equity grants.

Additionally, on June 20, 2025, the Company entered into a consulting agreement (the “Consulting Agreement”) with Mr. Sottile relating to his transition to the role of consultant to the Company on January 1, 2026. The Consulting Agreement provides that, in consideration for providing consulting services from January 1, 2026 through December 31, 2026, the Company will pay Mr. Sottile a monthly consulting fee equal to $11,959, which is 20% of Mr. Sottile’s base salary for fiscal year 2025.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 20, 2025	LIGHT & WONDER, INC.
	By:	/s/ Oliver Chow
		Name:	Oliver Chow
		Title:	Executive Vice President, Chief Financial Officer and Treasurer

Source:

FAQ

How many DLHC shares did Mink Brook Asset Management LLC purchase?

The filing shows 24,311 shares acquired on 18 Jun 2025 and 20 Jun 2025.

At what prices were the DLHC shares bought?

Weighted-average prices were $5.448 on 18 Jun 2025 and $5.4692 on 20 Jun 2025.

What is Mink Brook鈥檚 total DLHC ownership after the transactions?

Indirect beneficial ownership stands at approximately 2.30 million shares.

Were any DLHC derivative securities traded?

No. Table II shows no derivative transactions in this Form 4.

Does the filing indicate a sale or only purchases?

Only open-market purchases were reported; no dispositions were disclosed.

AG真人官方

[8-K] Light & Wonder, Inc. Reports Material Event

Insights

FAQ

How many DLHC shares did Mink Brook Asset Management LLC purchase?

At what prices were the DLHC shares bought?

What is Mink Brook鈥檚 total DLHC ownership after the transactions?

Were any DLHC derivative securities traded?

Does the filing indicate a sale or only purchases?

NASDAQ:LNW

LNW Rankings

LNW Latest News

LNW Latest SEC Filings

LNW Stock Data

AG真人官方

Trending News

[8-K] Light & Wonder, Inc. Reports Material Event

Insights

Financial Analyst positive

FAQ

How many DLHC shares did Mink Brook Asset Management LLC purchase?

At what prices were the DLHC shares bought?

What is Mink Brook鈥檚 total DLHC ownership after the transactions?

Were any DLHC derivative securities traded?

Does the filing indicate a sale or only purchases?

NASDAQ:LNW

LNW Rankings

LNW Latest News

LNW Latest SEC Filings

LNW Stock Data