Brooks H. Pierce - Dec 31, 2021 Form 4 Insider Report for Inspired Entertainment, Inc. (INSE)

Role
President and COO
Signature
/s/ Carys Damon, Attorney-in-Fact
Stock symbol
INSE
Transactions as of
Dec 31, 2021
Transactions value $
-$425,710
Form type
4
Date filed
1/4/2022, 08:07 PM
Previous filing
Jul 23, 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 +80K +176.81% $0.00 125K Dec 31, 2021 Direct F1
transaction INSE Common Stock Tax liability -$426K -32.8K -26.23% $12.96 92.4K Dec 31, 2021 Direct F2

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 -21.2K -100% $0.00* 0 Dec 31, 2021 Common Stock 21.2K Direct F1, F3
transaction INSE Performance Restricted Stock Units Options Exercise $0 -26.6K -100% $0.00* 0 Dec 31, 2021 Common Stock 26.6K Direct F1, F4
transaction INSE Restricted Stock Units Options Exercise $0 -20.3K -33.33% $0.00 40.5K Dec 31, 2021 Common Stock 20.3K Direct F1, F5
transaction INSE Restricted Stock Units Options Exercise $0 -11.9K -33.33% $0.00 23.8K Dec 31, 2021 Common Stock 11.9K Direct F1, F6
* 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 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.
F4 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 26,646 units, representing approximately 87% of the reporting person's target award.
F5 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.
F6 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.