Form 4: Inspired Entertainment Director Ira Raphaelson Acquires Shares Through Restricted Stock Units

Director Ira Raphaelson acquired shares of Inspired Entertainment through the grant of restricted stock units.

Summary

• On March 8, 2024, Ira H Raphaelson, a director of Inspired Entertainment, Inc., acquired 6,992 shares of common stock through the grant of restricted stock units.
• These units were granted under the Issuer's non-employee director compensation policy.
• One-quarter of the units vested immediately, with the remaining three-quarters vesting in equal installments on April 1, 2024, July 1, 2024, and October 1, 2024.
• The units convert into shares of common stock on a one-for-one basis.
• Following the transaction, Raphaelson directly owns 24,150 shares of common stock.
• This does not include 42,716 restricted stock units from awards received during the years 2017 to 2021 which were reported by the reporting person on Table II of the Form 4 for the applicable awards and which are subject to deferred settlement until the reporting person ceases to serve as a member of the Issuer's board of directors or upon a change in control of the Issuer.

Sentiment

Score: 6

Explanation: The document is a routine SEC filing detailing a stock transaction. It doesn't contain overtly positive or negative information, hence a neutral sentiment score.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The document outlines the vesting schedule for the restricted stock units, indicating future share acquisitions by the director.

Industry Context

This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates