Form 4 for INSE Inspired Entertainment, Inc.
Accepted 2024-07-02 00:00:00 ET · period of report 2024-06-28 · accession 0001493152-24-026103 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2024-07-02 | 2024-06-28 | INSE | WEIL A LORNE | Executive COB, Dir | G - Gift | $0.00 | 0 | 0 | New | $0 |
| DMI | 2024-07-02 | 2024-06-28 | INSE | WEIL A LORNE | Executive COB, Dir | G - Gift | $0.00 | +2.07M | 16.7K | New | $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 | 2024-06-28 | G | A | 493,015 | $0.00 | 493,015 | I By LLC | — | — | (F1) Represents gift for estate planning purposes by the reporting person's spouse. The membership interests of the LLC that holds the securities (Angele Delaware Investments LLC) are owned by a trust for the benefit of the reporting person's children and other beneficiaries including the reporting person. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. |
| 2 | Common | Common Stock | 2024-06-28 | G | D | 493,015 | $0.00 | 0 | I By Spouse | — | — | |
| 3 | Derivative | Restricted Stock Units | 2024-06-28 | G | A | 40,000 | $0.00 | 40,000 | I By LLC | — · — to — | 40,000 Common Stock | (F5) Represents gift for estate planning purposes by the reporting person of all of his holdings of restricted stock units. The membership interests of the LLC that holds the securities (Hydralex Holdings LLC) are owned by trusts for the benefit of the reporting person's children and other beneficiaries including the reporting person. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. (F4) Restricted stock units convert into shares of common stock on a one-for-one basis. (F16) These restricted stock units were granted to the reporting person on March 8, 2024. The units are scheduled to vest in three equal installments on each of December 31, 2024, December 31, 2025 and December 31, 2026. |
| 4 | Derivative | Stock Price Restricted Stock Units | 2024-06-28 | G | A | 125,000 | $0.00 | 125,000 | I By LLC | — · — to — | 125,000 Common Stock | (F5) Represents gift for estate planning purposes by the reporting person of all of his holdings of restricted stock units. The membership interests of the LLC that holds the securities (Hydralex Holdings LLC) are owned by trusts for the benefit of the reporting person's children and other beneficiaries including the reporting person. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. (F4) Restricted stock units convert into shares of common stock on a one-for-one basis. (F15) These stock price restricted stock units were granted to the reporting person on May 9, 2023 conditioned on the attainment of stock price targets (four increments of 31,250 units at each of $15.00, $17.50, $20.00 and $22.50). The first price target has been met. |
| 5 | Derivative | Performance Restricted Stock Units | 2024-06-28 | G | A | 40,000 | $0.00 | 40,000 | I By LLC | — · — to — | 40,000 Common Stock | (F5) Represents gift for estate planning purposes by the reporting person of all of his holdings of restricted stock units. The membership interests of the LLC that holds the securities (Hydralex Holdings LLC) are owned by trusts for the benefit of the reporting person's children and other beneficiaries including the reporting person. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. (F4) Restricted stock units convert into shares of common stock on a one-for-one basis. (F17) These performance restricted stock units were granted to the reporting person on March 8, 2024. The units are conditioned on attainment of pre-established performance criteria for 2024. Depending on the level of performance attained, 0% to 200% of the units would be eligible to vest and be subject to a time-based vesting schedule (vesting in one installment on December 31, 2026). |
| 6 | Derivative | Restricted Stock Units | 2024-06-28 | G | A | 926,272 | $0.00 | 926,272 | I By LLC | — · — to — | 926,272 Common Stock | (F5) Represents gift for estate planning purposes by the reporting person of all of his holdings of restricted stock units. The membership interests of the LLC that holds the securities (Hydralex Holdings LLC) are owned by trusts for the benefit of the reporting person's children and other beneficiaries including the reporting person. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. (F4) Restricted stock units convert into shares of common stock on a one-for-one basis. (F6) These restricted stock units were granted to the reporting person on December 21, 2017. The units vested on December 31, 2019. |
| 7 | Derivative | Performance Restricted Stock Units | 2024-06-28 | G | A | 187,500 | $0.00 | 187,500 | I By LLC | — · — to — | 187,500 Common Stock | (F5) Represents gift for estate planning purposes by the reporting person of all of his holdings of restricted stock units. The membership interests of the LLC that holds the securities (Hydralex Holdings LLC) are owned by trusts for the benefit of the reporting person's children and other beneficiaries including the reporting person. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. (F4) Restricted stock units convert into shares of common stock on a one-for-one basis. (F7) These performance restricted stock units were granted to the reporting person on May 11, 2021 conditioned on the attainment of pre-established performance criteria for the years 2022 to 2024. Two of the three tranches covered by the award are vested (the tranches for 2022 and 2023). The remaining tranche (in the amount of 62,500 target units) is conditioned on attainment of pre-established performance criteria for 2024. |
| 8 | Derivative | Stock Price Restricted Stock Units | 2024-06-28 | G | A | 397,500 | $0.00 | 397,500 | I By LLC | — · — to — | 397,500 Common Stock | (F5) Represents gift for estate planning purposes by the reporting person of all of his holdings of restricted stock units. The membership interests of the LLC that holds the securities (Hydralex Holdings LLC) are owned by trusts for the benefit of the reporting person's children and other beneficiaries including the reporting person. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. (F4) Restricted stock units convert into shares of common stock on a one-for-one basis. (F8) These stock price restricted stock units were granted to the reporting person on May 11, 2021 conditioned on the attainment of stock price targets (80,000 units at $6.25, 85,000 units at $8.25, 135,000 units at $15.00, 50,000 units at $17.50 and 47,500 units at $20.00). The first three price targets have been met. |
| 9 | Derivative | Restricted Stock Units | 2024-06-28 | G | A | 165,000 | $0.00 | 165,000 | I By LLC | — · — to — | 165,000 Common Stock | (F5) Represents gift for estate planning purposes by the reporting person of all of his holdings of restricted stock units. The membership interests of the LLC that holds the securities (Hydralex Holdings LLC) are owned by trusts for the benefit of the reporting person's children and other beneficiaries including the reporting person. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. (F4) Restricted stock units convert into shares of common stock on a one-for-one basis. (F9) These restricted stock units were granted to the reporting person on May 11, 2021. The first tranche vested on December 31, 2023 and the balance (85,000 units) is scheduled to vest on December 31, 2024. |
| 10 | Derivative | Restricted Stock Units | 2024-06-28 | G | A | 8,373 | $0.00 | 8,373 | I By LLC | — · — to — | 8,373 Common Stock | (F5) Represents gift for estate planning purposes by the reporting person of all of his holdings of restricted stock units. The membership interests of the LLC that holds the securities (Hydralex Holdings LLC) are owned by trusts for the benefit of the reporting person's children and other beneficiaries including the reporting person. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. (F4) Restricted stock units convert into shares of common stock on a one-for-one basis. (F10) These restricted stock units were granted to the reporting person on February 14, 2022. The remaining installment is scheduled to vest on December 31, 2024. |
| 11 | Derivative | Performance Restricted Stock Units | 2024-06-28 | G | A | 25,117 | $0.00 | 25,117 | I By LLC | — · — to — | 25,117 Common Stock | (F5) Represents gift for estate planning purposes by the reporting person of all of his holdings of restricted stock units. The membership interests of the LLC that holds the securities (Hydralex Holdings LLC) are owned by trusts for the benefit of the reporting person's children and other beneficiaries including the reporting person. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. (F4) Restricted stock units convert into shares of common stock on a one-for-one basis. (F11) These performance restricted stock units were granted to the reporting person on February 14, 2022 and were conditioned on the attainment of pre-established performance criteria for 2022. The units remain subject to a time-based vesting schedule (vesting in one installment on December 31, 2024). |
| 12 | Derivative | Performance Restricted Stock Units | 2024-06-28 | G | A | 125,000 | $0.00 | 125,000 | I By LLC | — · — to — | 125,000 Common Stock | (F5) Represents gift for estate planning purposes by the reporting person of all of his holdings of restricted stock units. The membership interests of the LLC that holds the securities (Hydralex Holdings LLC) are owned by trusts for the benefit of the reporting person's children and other beneficiaries including the reporting person. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. (F4) Restricted stock units convert into shares of common stock on a one-for-one basis. (F14) These performance restricted stock units were granted to the reporting person on May 9, 2023 conditioned on the attainment of pre-established performance criteria for the years 2025 to 2027 (approximately 41,666 target units per year). |
| 13 | Derivative | Performance Restricted Stock Units | 2024-06-28 | G | A | 11,693 | $0.00 | 11,693 | I By LLC | — · — to — | 11,693 Common Stock | (F5) Represents gift for estate planning purposes by the reporting person of all of his holdings of restricted stock units. The membership interests of the LLC that holds the securities (Hydralex Holdings LLC) are owned by trusts for the benefit of the reporting person's children and other beneficiaries including the reporting person. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. (F4) Restricted stock units convert into shares of common stock on a one-for-one basis. (F13) These performance restricted stock units were granted to the reporting person on February 14, 2023 and were conditioned on the attainment of pre-established performance criteria for 2023. The units remain subject to a time-based vesting schedule (vesting in one installment on December 31, 2025). |
| 14 | Derivative | Restricted Stock Units | 2024-06-28 | G | A | 16,719 | $0.00 | 16,719 | I By LLC | — · — to — | 16,719 Common Stock | (F5) Represents gift for estate planning purposes by the reporting person of all of his holdings of restricted stock units. The membership interests of the LLC that holds the securities (Hydralex Holdings LLC) are owned by trusts for the benefit of the reporting person's children and other beneficiaries including the reporting person. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. (F4) Restricted stock units convert into shares of common stock on a one-for-one basis. (F12) These restricted stock units were granted to the reporting person on February 14, 2023. The remaining installments are scheduled to vest in two equal increments on December 31, 2024 and December 31, 2025. |