Brooks H. Pierce - Apr 15, 2024 Form 4 Insider Report for Inspired Entertainment, Inc. (INSE)

Signature
/s/ Carys Damon, Attorney-in-Fact
Stock symbol
INSE
Transactions as of
Apr 15, 2024
Transactions value $
-$32,661
Form type
4
Date filed
4/17/2024, 07:09 PM
Previous filing
Mar 12, 2024
Next filing
Jul 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSE Common Stock Options Exercise +11.7K +5.69% 217K Apr 16, 2024 Direct F1
transaction INSE Common Stock Tax liability -$32.7K -3.6K -1.66% $9.07 213K Apr 16, 2024 Direct F2
holding INSE Common Stock 65.3K Apr 15, 2024 By GRAT 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 +9.09K $0.00 9.09K Apr 15, 2024 Common Stock 9.09K Direct F1, F4
transaction INSE Performance Restricted Stock Units Award $0 +11.7K $0.00 11.7K Apr 15, 2024 Common Stock 11.7K Direct F1, F5
transaction INSE Performance Restricted Stock Units Options Exercise $0 -11.7K -100% $0.00* 0 Apr 16, 2024 Common Stock 11.7K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance 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 performance restricted stock units.
F3 Represents shares held by a grantor retained annuity trust (GRAT) with respect to which the reporting person is the trustee and sole annuitant.
F4 These performance restricted stock units were granted on February 14, 2023 and were conditioned on the attainment of pre-established performance criteria for 2023. The Issuer's compensation committee determined that the performance condition was attained with respect to 9,092 units, representing 46.63% of the reporting person's target award. The units remain subject to a time-based vesting schedule (vesting in one installment on December 31, 2025).
F5 These performance restricted stock units were part of an award granted on February 17, 2020 pursuant to the reporting person's employment agreement and were conditioned on the attainment of pre-established performance criteria for 2023. The Issuer's compensation committee determined that the performance condition was attained with respect to 11,657 units, representing 46.63% of the reporting person's target number of units. The units subsequently settled on a net share basis.