Form 4 for INSE Inspired Entertainment, Inc.
Accepted 2021-11-26 00:00:00 ET · period of report 2021-11-23 · accession 0001493152-21-029941 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2021-11-26 | 2021-11-23 | INSE | WEIL A LORNE | Executive COB, Dir, 10% | M - OptEx | $11.50 | +1.83M | 2.31M | +385% | +$21.10M |
| DI | 2021-11-26 | 2021-11-23 | INSE | WEIL A LORNE | Executive COB, Dir, 10% | F - Tax | — | -1.41M | 896.2K | -61% | — |
| D | 2021-11-26 | 2021-11-23 | INSE | WEIL A LORNE | Executive COB, Dir, 10% | M - OptEx | $11.50 | +2.05M | 2.19M | +1,439% | +$23.57M |
| D | 2021-11-26 | 2021-11-23 | INSE | WEIL A LORNE | Executive COB, Dir, 10% | F - Tax | — | -1.58M | 611.6K | -72% | — |
| D | 2021-11-26 | 2021-11-23 | INSE | WEIL A LORNE | Executive COB, Dir, 10% | M - OptEx | $0.00 | -4.10M | 0 | -100% | $0 |
| DI | 2021-11-26 | 2021-11-23 | INSE | WEIL A LORNE | Executive COB, Dir, 10% | M - OptEx | $0.00 | -3.67M | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-11-23 | M | A | 1,834,615 | $11.50 | 2,310,923 | I | — | — | |
| 2 | Common | Common Stock | 2021-11-23 | F | D | 1,414,744 | — | 896,179 | I | — | — | (F2) The number of shares issuable upon cashless exercise of the warrants was determined in accordance with Section 3.3.1(c) of the Warrant Agreement by dividing (x) the product of the number of shares of Common Stock underlying the warrants multiplied by the difference between $11.50 and the Fair Market Value by (y) the Fair Market Value. The Fair Market Value, as defined, was determined based on the average last sale price of the Common Stock for the ten (10) trading days ending on the third trading day prior to the date of exercise (November 23, 2021) which was $14.913. The balance of the shares underlying the warrants were withheld by the Issuer to cover the exercise price of the warrants. |
| 3 | Common | Common Stock | 2021-11-23 | M | A | 2,050,000 | $11.50 | 2,192,447 | D See Footnote | — | — | (F3) Represents shares held by Hydra Industries Sponsor LLC (the "Hydra Sponsor"). Mr. Weil is the managing member of the Hydra Sponsor, whose membership interests are owned by Mr. Weil and Mr. Weil's children or trusts for their benefit. Mr. Weil has sole voting and dispositive power over the securities held by the Hydra Sponsor. Mr. Weil disclaims beneficial ownership over any securities owned by the Hydra Sponsor in which he does not have any pecuniary interest. |
| 4 | Common | Common Stock | 2021-11-23 | F | D | 1,580,836 | — | 611,611 | D See Footnote | — | — | (F2) The number of shares issuable upon cashless exercise of the warrants was determined in accordance with Section 3.3.1(c) of the Warrant Agreement by dividing (x) the product of the number of shares of Common Stock underlying the warrants multiplied by the difference between $11.50 and the Fair Market Value by (y) the Fair Market Value. The Fair Market Value, as defined, was determined based on the average last sale price of the Common Stock for the ten (10) trading days ending on the third trading day prior to the date of exercise (November 23, 2021) which was $14.913. The balance of the shares underlying the warrants were withheld by the Issuer to cover the exercise price of the warrants. (F3) Represents shares held by Hydra Industries Sponsor LLC (the "Hydra Sponsor"). Mr. Weil is the managing member of the Hydra Sponsor, whose membership interests are owned by Mr. Weil and Mr. Weil's children or trusts for their benefit. Mr. Weil has sole voting and dispositive power over the securities held by the Hydra Sponsor. Mr. Weil disclaims beneficial ownership over any securities owned by the Hydra Sponsor in which he does not have any pecuniary interest. |
| 5 | Derivative | Warrants (right to buy) | 2021-11-23 | M | D | 4,100,000 | $0.00 | 0 | D See Footnote | $5.75 · 2017-01-22 to 2021-12-23 | 2,050,000 Common Stock | (F3) Represents shares held by Hydra Industries Sponsor LLC (the "Hydra Sponsor"). Mr. Weil is the managing member of the Hydra Sponsor, whose membership interests are owned by Mr. Weil and Mr. Weil's children or trusts for their benefit. Mr. Weil has sole voting and dispositive power over the securities held by the Hydra Sponsor. Mr. Weil disclaims beneficial ownership over any securities owned by the Hydra Sponsor in which he does not have any pecuniary interest. |
| 6 | Derivative | Warrants (right to buy) | 2021-11-23 | M | D | 3,669,230 | $0.00 | 0 | I | $5.75 · 2017-01-22 to 2021-12-23 | 1,834,615 Common Stock |