Brooks H. Pierce - 30 Dec 2022 Form 4 Insider Report for Inspired Entertainment, Inc. (INSE)

Role: President and COO
Signature: /s/ Carys Damon, Attorney-in-Fact
Issuer symbol: INSE
Transactions as of: 30 Dec 2022
Net transactions value: -$967,291
Form type: 4
Filing time: 04 Jan 2023, 16:53:58 UTC
Previous filing: 01 Apr 2022
Next filing: 16 Feb 2023
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	+178,708	+8935%	$0.000000	180,708	30 Dec 2022	Direct	F1
transaction	INSE	Common Stock	Tax liability	$967,291	-76,345	-42%	$12.67	104,363	30 Dec 2022	Direct	F2
holding	INSE	Common Stock						90,390	30 Dec 2022	By Trust	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	-75,000	-75%	$0.000000	25,000	30 Dec 2022	Common Stock	75,000		Direct	F1, F4
transaction	INSE	Performance Restricted Stock Units	Options Exercise	$0	-45,195	-47%	$0.000000	50,000	30 Dec 2022	Common Stock	45,195		Direct	F1, F5
transaction	INSE	Restricted Stock Units	Options Exercise	$0	-40,519	-100%	$0.000000^*	0	30 Dec 2022	Common Stock	40,519		Direct	F1, F6
transaction	INSE	Restricted Stock Units	Options Exercise	$0	-11,905	-50%	$0.000000	11,905	30 Dec 2022	Common Stock	11,905		Direct	F1, F7
transaction	INSE	Restricted Stock Units	Options Exercise	$0	-6,089	-33%	$0.000000	12,178	30 Dec 2022	Common Stock	6,089		Direct	F1, F8

* 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 previously reported as directly owned by Mr. Pierce which were transferred to a grantor retained annuity trust dated June 9, 2022 with respect to which Mr. Pierce is the trustee and recipient of annuity payments. The trust acquired the shares from Mr. Pierce on July 1, 2022.
F4	These restricted stock units were granted on February 17, 2020. Three-quarters of the units vested on December 30, 2022 and the balance is scheduled to vest on December 31, 2023.
F5	These performance restricted stock units were granted on February 17, 2020. The first two tranches were conditioned on attainment of pre-established performance criteria for 2020 and 2021 and vested on December 30, 2022. The two remaining tranches are conditioned on attainment of pre-established performance criteria for 2022 and 2023 (25,000 target units for each such year).
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 vested on December 30, 2022.
F7	These restricted stock units were granted on June 9, 2021. One-third of the units vested on each of December 31, 2021 and December 30, 2022 and the balance is scheduled to vest on December 31, 2023.
F8	These restricted stock units were granted on February 14, 2022. One-third of the units vested on December 30, 2022 and the balance is scheduled to vest in two equal installments on December 31, 2023 and December 31, 2024.