Lorne A. Weil - Dec 30, 2022 Form 4 Insider Report for Inspired Entertainment, Inc. (INSE)

Role: Executive Chairman, Director
Signature: /s/ Carys Damon, Attorney-in-Fact
Stock symbol: INSE
Transactions as of: Dec 30, 2022
Transactions value $: -$572,089
Form type: 4
Date filed: 1/4/2023, 04:58 PM
Previous filing: Dec 2, 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	Gift	$0	-250K	-36.94%	$0.00	427K	May 5, 2022	Direct	F1
transaction	INSE	Common Stock	Options Exercise	$0	+81.7K	+19.13%	$0.00	508K	Dec 30, 2022	Direct	F2
transaction	INSE	Common Stock	Tax liability	-$572K	-45.2K	-8.88%	$12.67	463K	Dec 30, 2022	Direct	F3
holding	INSE	Common Stock						896K	Dec 30, 2022	See Footnote	F4

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	-60.8K	-100%	$0.00^*	0	Dec 30, 2022	Common Stock	60.8K		Direct	F2, F5
transaction	INSE	Restricted Stock Units	Options Exercise	$0	-12.5K	-50%	$0.00	12.5K	Dec 30, 2022	Common Stock	12.5K		Direct	F2, F6
transaction	INSE	Restricted Stock Units	Options Exercise	$0	-8.37K	-33.33%	$0.00	16.7K	Dec 30, 2022	Common Stock	8.37K		Direct	F2, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents gift of shares for estate planning purposes. The shares are held by a trust with respect to which Mr. Weil is neither a trustee nor a beneficiary.
F2	Represents conversion of restricted stock units into shares of common stock on a one-for-one basis.
F3	Represents shares withheld to satisfy tax withholding requirements for settlement of restricted stock units.
F4	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.
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 vested on December 30, 2022.
F6	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.
F7	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.