0001493152-24-026103.txt : 20240702 0001493152-24-026103.hdr.sgml : 20240702 20240702200950 ACCESSION NUMBER: 0001493152-24-026103 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240628 FILED AS OF DATE: 20240702 DATE AS OF CHANGE: 20240702 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: WEIL A LORNE CENTRAL INDEX KEY: 0000921873 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36689 FILM NUMBER: 241097938 MAIL ADDRESS: STREET 1: C/O HYDRA INDUSTRIES ACQUISITION CORP STREET 2: 250 WEST 57TH STREET, SUITE #2223 CITY: NEW YORK STATE: NY ZIP: 10107 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Inspired Entertainment, Inc. CENTRAL INDEX KEY: 0001615063 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 471025534 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 250 WEST 57TH STREET, SUITE 415 CITY: NEW YORK, STATE: NY ZIP: 10107 BUSINESS PHONE: (646) 565-3861 MAIL ADDRESS: STREET 1: 250 WEST 57TH STREET, SUITE 415 CITY: NEW YORK, STATE: NY ZIP: 10107 FORMER COMPANY: FORMER CONFORMED NAME: Hydra Industries Acquisition Corp. DATE OF NAME CHANGE: 20140728 4 1 ownership.xml X0508 4 2024-06-28 0 0001615063 Inspired Entertainment, Inc. INSE 0000921873 WEIL A LORNE C/O INSPIRED ENTERTAINMENT, INC. 250 WEST 57TH STREET, SUITE 415 NEW YORK NY 10107 1 1 0 0 Executive Chairman 0 Common Stock 2024-06-28 4 G 0 493015 0 D 0 I By Spouse Common Stock 2024-06-28 4 G 0 493015 0 A 493015 I By LLC Common Stock 298727 D Common Stock 522771 I By Trusts Restricted Stock Units 2024-06-28 4 G 0 926272 0 A Common Stock 926272 926272 I By LLC Performance Restricted Stock Units 2024-06-28 4 G 0 187500 0 A Common Stock 187500 187500 I By LLC Stock Price Restricted Stock Units 2024-06-28 4 G 0 397500 0 A Common Stock 397500 397500 I By LLC Restricted Stock Units 2024-06-28 4 G 0 165000 0 A Common Stock 165000 165000 I By LLC Restricted Stock Units 2024-06-28 4 G 0 8373 0 A Common Stock 8373 8373 I By LLC Performance Restricted Stock Units 2024-06-28 4 G 0 25117 0 A Common Stock 25117 25117 I By LLC Restricted Stock Units 2024-06-28 4 G 0 16719 0 A Common Stock 16719 16719 I By LLC Performance Restricted Stock Units 2024-06-28 4 G 0 11693 0 A Common Stock 11693 11693 I By LLC Performance Restricted Stock Units 2024-06-28 4 G 0 125000 0 A Common Stock 125000 125000 I By LLC Stock Price Restricted Stock Units 2024-06-28 4 G 0 125000 0 A Common Stock 125000 125000 I By LLC Restricted Stock Units 2024-06-28 4 G 0 40000 0 A Common Stock 40000 40000 I By LLC Performance Restricted Stock Units 2024-06-28 4 G 0 40000 0 A Common Stock 40000 40000 I By LLC 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. The balance shown reflects 298,727 shares transferred to the reporting person as a pro-rata distribution in June 2024 from Hydra Industries Sponsor LLC (an entity owned by the reporting person and his children or trusts for their benefit), which changed his beneficial ownership with respect to the shares from indirect to direct ownership. Hydra Industries Sponsor LLC no longer holds any securities of the Issuer. The balance shown reflects 522,771 shares transferred to trusts for the benefit of the reporting person's children (as described in footnote 2) in June 2024 from Hydra Industries Sponsor LLC in accordance with their pro-rata ownership interests in the LLC. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. Restricted stock units convert into shares of common stock on a one-for-one basis. 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. These restricted stock units were granted to the reporting person on December 21, 2017. The units vested on December 31, 2019. 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. 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. 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. 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. 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). 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. 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). 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). 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. 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. 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). /s/ A. Lorne Weil 2024-07-02