Lorne A. Weil - Dec 31, 2021 Form 4 Insider Report for Inspired Entertainment, Inc. (INSE)

Signature
/s/ Carys Damon, Attorney-in-Fact
Stock symbol
INSE
Transactions as of
Dec 31, 2021
Transactions value $
-$1,138,264
Form type
4
Date filed
1/4/2022, 08:06 PM
Previous filing
Nov 26, 2021
Next filing
Feb 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSE Common Stock Options Exercise $0 +153K +25.03% $0.00 765K Dec 31, 2021 Direct F1
transaction INSE Common Stock Tax liability -$1.14M -87.8K -11.49% $12.96 677K Dec 31, 2021 Direct F2
holding INSE Common Stock 896K Dec 31, 2021 See Footnote F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction INSE Restricted Stock Units Options Exercise $0 -60.2K -100% $0.00* 0 Dec 31, 2021 Common Stock 60.2K Direct F1, F4
transaction INSE Performance Restricted Stock Units Options Exercise $0 -50K -100% $0.00* 0 Dec 31, 2021 Common Stock 50K Direct F1, F5
transaction INSE Restricted Stock Units Options Exercise $0 -30.4K -33.33% $0.00 60.8K Dec 31, 2021 Common Stock 30.4K Direct F1, F6
transaction INSE Restricted Stock Units Options Exercise $0 -12.5K -33.33% $0.00 25K Dec 31, 2021 Common Stock 12.5K Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents conversion of restricted stock units into shares of common stock on a one-for-one basis.
F2 Represents shares withheld to satisfy tax withholding requirements for settlement of restricted stock units.
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.
F4 These restricted stock units were approved by the Issuer's compensation committee subject to stockholder approval which was obtained on May 14, 2019. One-third of the units vested on each of December 31, 2019, December 31, 2020 and December 31, 2021.
F5 These performance restricted stock units were approved by the Issuer's compensation committee subject to stockholder approval which was obtained on May 14, 2019. The award was conditioned on attainment of pre-established performance criteria for 2019 and a time-based vesting schedule (vesting in one installment on December 31, 2021). On March 26, 2020, the Issuer's compensation committee determined that the performance condition was attained with respect to 49,961 units, representing approximately 87% of the reporting person's target award.
F6 These restricted stock units were granted on August 31, 2020. One-fourth of the units vested on each of June 30, 2021 and December 31, 2021 and the balance is scheduled to vest on December 31, 2022.
F7 These restricted stock units were granted on June 9, 2021. One-third of the units vested on December 31, 2021 and the balance is scheduled to vest in two equal installments on December 31, 2022 and December 31, 2023.