| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | INSE | Common Stock | Options Exercise | $23.6M | +2.05M | +1439.13% | $11.50 | 2.19M | Nov 23, 2021 | Direct | F1 |
| transaction | INSE | Common Stock | Tax liability | -1.58M | -72.1% | 612K | Nov 23, 2021 | Direct | F2 | ||
| transaction | INSE | Common Stock | Options Exercise | $21.1M | +1.83M | +385.17% | $11.50 | 2.31M | Nov 23, 2021 | See Footnote | F1, F3 |
| transaction | INSE | Common Stock | Tax liability | -1.41M | -61.22% | 896K | Nov 23, 2021 | See Footnote | F2, F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | INSE | Warrants (right to buy) | Options Exercise | $0 | -4.1M | -100% | $0.00* | 0 | Nov 23, 2021 | Common Stock | 2.05M | $5.75 | Direct | |
| transaction | INSE | Warrants (right to buy) | Options Exercise | $0 | -3.67M | -100% | $0.00* | 0 | Nov 23, 2021 | Common Stock | 1.83M | $5.75 | See Footnote | F3 |
| Id | Content |
|---|---|
| F1 | Reflects the exercise of warrants on a cashless basis pursuant to the Warrant Agreement, dated as of October 24, 2014, by and between the Issuer and Continental Stock Transfer & Trust Company (the "Warrant Agreement"), with each warrant exercisable for one-half share of the Issuer's common stock ("Common Stock") at a price of $5.75 per half share ($11.50 per whole share). |
| F2 | The number of shares issuable upon cashless exercise of the warrants was determined in accordance with Section 3.3.1(c) of the Warrant Agreement by dividing (x) the product of the number of shares of Common Stock underlying the warrants multiplied by the difference between $11.50 and the Fair Market Value by (y) the Fair Market Value. The Fair Market Value, as defined, was determined based on the average last sale price of the Common Stock for the ten (10) trading days ending on the third trading day prior to the date of exercise (November 23, 2021) which was $14.913. The balance of the shares underlying the warrants were withheld by the Issuer to cover the exercise price of the warrants. |
| F3 | Represents shares held by Hydra Industries Sponsor LLC (the "Hydra Sponsor"). Mr. Weil is the managing member of the Hydra Sponsor, whose membership interests are owned by Mr. Weil and Mr. Weil's children or trusts for their benefit. Mr. Weil has sole voting and dispositive power over the securities held by the Hydra Sponsor. Mr. Weil disclaims beneficial ownership over any securities owned by the Hydra Sponsor in which he does not have any pecuniary interest. |