Lorne A. Weil - Feb 29, 2024 Form 4 Insider Report for Inspired Entertainment, Inc. (INSE)

Signature
/s/ Carys Damon, Attorney-in-Fact
Stock symbol
INSE
Transactions as of
Feb 29, 2024
Transactions value $
-$354,664
Form type
4
Date filed
3/4/2024, 06:20 PM
Previous filing
May 11, 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 +66.7K +14.4% 530K Feb 29, 2024 Direct F1
transaction INSE Common Stock Tax liability -$355K -37.1K -6.99% $9.57 493K Feb 29, 2024 Direct F2
holding INSE Common Stock 896K Feb 29, 2024 By LLC 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 Restricted Stock Units Options Exercise $0 -12.5K -100% $0.00* 0 Feb 29, 2024 Common Stock 12.5K Direct F1, F4
transaction INSE Performance Restricted Stock Units Options Exercise $0 -37.5K -100% $0.00* 0 Feb 29, 2024 Common Stock 37.5K Direct F1, F5
transaction INSE Restricted Stock Units Options Exercise $0 -8.37K -50% $0.00 8.37K Feb 29, 2024 Common Stock 8.37K Direct F1, F6
transaction INSE Restricted Stock Units Options Exercise $0 -8.36K -33.33% $0.00 16.7K Feb 29, 2024 Common Stock 8.36K Direct F1, F7
* 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 Represents shares withheld to satisfy tax withholding requirements for settlement of restricted stock units.
F3 The reporting person is the managing member of the LLC that holds the securities (Hydra Industries Sponsor LLC) and the membership interests of the LLC are owned by the reporting person and his children or trusts for their benefit. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F4 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.
F5 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).
F6 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.
F7 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.