Form 4: Inspired Entertainment CEO Reports Routine Stock Transactions

Inspired Entertainment's President and CEO, Brooks H. Pierce, reported the vesting and tax-related sale of company common stock and restricted stock units.

Summary

• Brooks H. Pierce, President and CEO of Inspired Entertainment, Inc. (INSE), reported transactions on January 2, 2026.
• Acquired 30,398 shares of common stock through the conversion of restricted stock units (RSUs).
• Disposed of 14,991 shares of common stock at $9.36 per share to satisfy tax withholding requirements related to RSU settlement.
• Following these transactions, Pierce directly owns 37,407 shares of common stock.
• Additionally, 300,862 shares are indirectly beneficially owned through a Grantor Retained Annuity Trust (GRAT), where Pierce is the trustee and sole annuitant.
• Several tranches of Restricted Stock Units (RSUs) and Performance Restricted Stock Units (PRSUs) vested, resulting in 0 remaining derivative securities for some grants and remaining balances for others.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation (RSU vesting and tax withholding). It does not indicate any significant positive or negative operational or financial news for the company, hence a neutral sentiment.

Positives

• Vesting of 30,398 restricted stock units, indicating achievement of performance or time-based criteria.
• Continued significant beneficial ownership by the CEO, including 300,862 shares held indirectly by a GRAT.

Negatives

• Disposal of 14,991 shares of common stock to cover tax withholding obligations, which reduces direct ownership.

Future Outlook

NA

Industry Context

This Form 4 filing details routine insider transactions for the President and CEO of Inspired Entertainment, Inc. It does not provide information relevant to broader industry trends or competitive landscape.

Related Party Transactions

• Indirect beneficial ownership of 300,862 shares of common stock through a Grantor Retained Annuity Trust (GRAT) where the reporting person is the trustee and sole annuitant.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine compensation-related transactions for an executive. The CEO's continued significant ownership may be viewed positively as alignment of interests.
• Employees: No direct impact mentioned.

Next Steps

• Balance of Restricted Stock Units granted on March 8, 2024, scheduled to vest on December 31, 2026.
• Balance of Restricted Stock Units granted on February 11, 2025, scheduled to vest in two equal installments on December 31, 2026, and December 31, 2027.

Key Dates

Keywords

Inspired Entertainment, INSE, Brooks H. Pierce, CEO, Insider Trading, Form 4, Restricted Stock Units, RSU, Performance Restricted Stock Units, PRSU, Stock Vesting, Tax Withholding, Beneficial Ownership, Grantor Retained Annuity Trust, GRAT