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

Signature
/s/ Carys Damon, Attorney-in-Fact
Stock symbol
INSE
Transactions as of
Dec 30, 2022
Transactions value $
-$967,291
Form type
4
Date filed
1/4/2023, 04:53 PM
Previous filing
Apr 1, 2022
Next filing
Feb 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSE Common Stock Options Exercise $0 +179K +8935.4% $0.00 181K Dec 30, 2022 Direct F1
transaction INSE Common Stock Tax liability -$967K -76.3K -42.25% $12.67 104K Dec 30, 2022 Direct F2
holding INSE Common Stock 90.4K Dec 30, 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 -75K -75% $0.00 25K Dec 30, 2022 Common Stock 75K Direct F1, F4
transaction INSE Performance Restricted Stock Units Options Exercise $0 -45.2K -47.48% $0.00 50K Dec 30, 2022 Common Stock 45.2K Direct F1, F5
transaction INSE Restricted Stock Units Options Exercise $0 -40.5K -100% $0.00* 0 Dec 30, 2022 Common Stock 40.5K Direct F1, F6
transaction INSE Restricted Stock Units Options Exercise $0 -11.9K -50% $0.00 11.9K Dec 30, 2022 Common Stock 11.9K Direct F1, F7
transaction INSE Restricted Stock Units Options Exercise $0 -6.09K -33.33% $0.00 12.2K Dec 30, 2022 Common Stock 6.09K 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.