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

Signature
/s/ Carys Damon, Attorney-in-Fact
Issuer symbol
INSE
Transactions as of
29 Feb 2024
Net transactions value
-$256,179
Form type
4
Filing time
04 Mar 2024, 18:14:38 UTC
Previous filing
14 Jan 2025
Next filing
12 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSE Common Stock Options Exercise +85,208 +58% 231,716 29 Feb 2024 Direct F1, F2
transaction INSE Common Stock Tax liability $256,179 -26,769 -12% $9.57 204,947 29 Feb 2024 Direct F2, F3
holding INSE Common Stock 65,294 29 Feb 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 -25,000 -100% $0.000000* 0 29 Feb 2024 Common Stock 25,000 Direct F1, F5
transaction INSE Restricted Stock Units Options Exercise $0 -11,905 -100% $0.000000* 0 29 Feb 2024 Common Stock 11,905 Direct F1, F6
transaction INSE Performance Restricted Stock Units Options Exercise $0 -35,714 -100% $0.000000* 0 29 Feb 2024 Common Stock 35,714 Direct F1, F7
transaction INSE Restricted Stock Units Options Exercise $0 -6,089 -50% $0.000000 6,089 29 Feb 2024 Common Stock 6,089 Direct F1, F8
transaction INSE Restricted Stock Units Options Exercise $0 -6,500 -33% $0.000000 13,000 29 Feb 2024 Common Stock 6,500 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.