Brooks H. Pierce - 16 Mar 2023 Form 4 Insider Report for Inspired Entertainment, Inc. (INSE)

Signature
/s/ Carys Damon, Attorney-in-Fact
Issuer symbol
INSE
Transactions as of
16 Mar 2023
Net transactions value
-$104,397
Form type
4
Filing time
20 Mar 2023, 18:06:46 UTC
Previous filing
16 Feb 2023
Next filing
14 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSE Common Stock Options Exercise $0 +25,000 +24% $0.000000 129,363 16 Mar 2023 Direct F1
transaction INSE Common Stock Tax liability $104,397 -7,951 -6.1% $13.13 121,412 16 Mar 2023 Direct F2
holding INSE Common Stock 90,390 16 Mar 2023 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 Performance Restricted Stock Units Award $0 +25,000 +100% $0.000000 50,000 16 Mar 2023 Common Stock 25,000 Direct F4, F5
transaction INSE Performance Restricted Stock Units Options Exercise $0 -25,000 -50% $0.000000 25,000 16 Mar 2023 Common Stock 25,000 Direct F1, F4
transaction INSE Performance Restricted Stock Units Award $0 +18,267 $0.000000 18,267 16 Mar 2023 Common Stock 18,267 Direct F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents conversion of performance restricted stock units into shares of common stock on a one-for-one basis. Such units were part of an award granted to the reporting person on February 17, 2020 subject to attainment of performance criteria for 2022 (see note 4 below).
F2 Represents shares withheld to satisfy tax withholding requirements for settlement of performance restricted stock units.
F3 Represents shares held by a grantor retained annuity trust with respect to which the reporting person is the trustee and recipient of annuity payments.
F4 The Issuer's compensation committee determined that the pre-established performance condition for 2022 was attained with respect to 25,000 performance restricted stock units covered by an award granted to the reporting person on February 17, 2020, representing the reporting person's target number of units, whereupon the units were settled on a net share basis. There is one remaining tranche covered by the award (in the amount of 25,000 target units) which is conditioned on attainment of pre-established performance criteria for 2023.
F5 Each unit represents a contingent right to receive one share of common stock at settlement.
F6 The Issuer's compensation committee determined that the pre-established performance condition for 2022 was attained with respect to 18,267 performance restricted stock units granted to the reporting person on February 14, 2022, representing the reporting person's target award.
F7 These units remain subject to a time-based vesting schedule (vesting in one installment on December 31, 2024).