Brooks H. Pierce - Feb 29, 2024 Form 4 Insider Report for Inspired Entertainment, Inc. (INSE)

Role
President and CEO
Signature
/s/ Carys Damon, Attorney-in-Fact
Stock symbol
INSE
Transactions as of
Feb 29, 2024
Transactions value $
-$256,179
Form type
4
Date filed
3/4/2024, 06:14 PM
Previous filing
Mar 20, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSE Common Stock Options Exercise +85.2K +58.16% 232K Feb 29, 2024 Direct F1, F2
transaction INSE Common Stock Tax liability -$256K -26.8K -11.55% $9.57 205K Feb 29, 2024 Direct F2, F3
holding INSE Common Stock 65.3K Feb 29, 2024 By GRAT 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 -25K -100% $0.00* 0 Feb 29, 2024 Common Stock 25K Direct F1, F5
transaction INSE Restricted Stock Units Options Exercise $0 -11.9K -100% $0.00* 0 Feb 29, 2024 Common Stock 11.9K Direct F1, F6
transaction INSE Performance Restricted Stock Units Options Exercise $0 -35.7K -100% $0.00* 0 Feb 29, 2024 Common Stock 35.7K Direct F1, F7
transaction INSE Restricted Stock Units Options Exercise $0 -6.09K -50% $0.00 6.09K Feb 29, 2024 Common Stock 6.09K Direct F1, F8
transaction INSE Restricted Stock Units Options Exercise $0 -6.5K -33.33% $0.00 13K Feb 29, 2024 Common Stock 6.5K Direct F1, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into shares of common stock on a one-for-one basis.
F2 The balance reflects 25,096 shares transferred to the reporting person as an annuity payment from his grantor retained annuity trust (GRAT) in July 2023, which changed his beneficial ownership with respect to the shares from indirect to direct ownership.
F3 Represents shares withheld to satisfy tax withholding requirements for settlement of restricted stock units.
F4 The reporting person is the trustee and sole annuitant of the GRAT.
F5 These restricted stock units were granted on February 17, 2020. Three-quarters of the units vested on December 30, 2022 and the balance vested on December 29, 2023.
F6 These restricted stock units were granted on June 9, 2021. One-third of the units vested on each of December 31, 2021, December 30, 2022 and December 29, 2023.
F7 These performance restricted stock units were granted on June 9, 2021. The award was conditioned on attainment of pre-established performance criteria for 2021 and a time-based vesting schedule (vesting in one installment on December 29, 2023).
F8 These restricted stock units were granted on February 14, 2022. One-third of the units vested on each of December 30, 2022 and December 29, 2023 and the balance is scheduled to vest on December 31, 2024.
F9 These restricted stock units were granted on February 14, 2023. One-third of the units vested on December 29, 2023 and the balance is scheduled to vest in two equal installments on December 31, 2024 and December 31, 2025.