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

Role: Executive Chairman, Director
Signature: /s/ Carys Damon, Attorney-in-Fact
Issuer symbol: INSE
Transactions as of: 31 Dec 2021
Net transactions value: -$1,138,264
Form type: 4
Filing time: 04 Jan 2022, 20:06:10 UTC
Previous filing: 26 Nov 2021
Next filing: 16 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INSE	Common Stock	Options Exercise	$0	+153,065	+25%	$0.000000	764,676	31 Dec 2021	Direct	F1
transaction	INSE	Common Stock	Tax liability	$1,138,264	-87,829	-11%	$12.96	676,847	31 Dec 2021	Direct	F2
holding	INSE	Common Stock						896,179	31 Dec 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	-60,215	-100%	$0.000000^*	0	31 Dec 2021	Common Stock	60,215		Direct	F1, F4
transaction	INSE	Performance Restricted Stock Units	Options Exercise	$0	-49,961	-100%	$0.000000^*	0	31 Dec 2021	Common Stock	49,961		Direct	F1, F5
transaction	INSE	Restricted Stock Units	Options Exercise	$0	-30,389	-33%	$0.000000	60,778	31 Dec 2021	Common Stock	30,389		Direct	F1, F6
transaction	INSE	Restricted Stock Units	Options Exercise	$0	-12,500	-33%	$0.000000	25,000	31 Dec 2021	Common Stock	12,500		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.