Lorne A. Weil - May 9, 2023 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
May 9, 2023
Transactions value $
$0
Form type
4
Date filed
5/11/2023, 06:08 PM
Previous filing
Mar 20, 2023
Next filing
Mar 4, 2024

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 +125K $0.00 125K May 9, 2023 Common Stock 125K Direct F1, F2, F3
transaction INSE Stock Price Restricted Stock Units Award $0 +125K $0.00 125K May 9, 2023 Common Stock 125K Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects special sign-on equity awards to the reporting person pursuant to his employment agreement with the Issuer dated January 12, 2023 which were granted under the Issuer's 2023 Omnibus Incentive Plan which was approved by the Issuer's stockholders on May 9, 2023.
F2 Each unit represents a contingent right to receive one share of common stock at settlement.
F3 These performance restricted stock units are conditioned on attainment of pre-established performance criteria for 2025 through 2027 (approximately 41,666 target units per year).
F4 These stock price restricted stock units vest in four equal increments of 31,250 units, subject to attainment of the stock price targets established pursuant to the reporting person's employment agreement ($15.00, $17.50, $20.00 and $22.50, respectively). The first applicable price target has been met.