Inspired Entmt Inc SEC Filings

Inspired Entertainment, Inc. Chief Financial Officer Wilson Craig Kyle filed an initial ownership report showing he holds 500 shares of common stock directly. He also holds performance restricted stock units tied to 4,993 underlying common shares and restricted stock units tied to 4,993 and 2,000 underlying common shares.

The restricted stock units tied to 2,000 underlying shares are scheduled to vest in two equal installments on each of December 31, 2026 and December 31, 2027. The restricted stock units tied to 4,993 underlying shares vest in three equal installments on each of December 31, 2026, December 31, 2027 and December 31, 2028. The performance restricted stock units tied to 4,993 underlying shares depend on 2026 performance, with 0% to 100% of units eligible to vest and then vesting in one installment on December 31, 2028.

Inspired Entertainment, Inc. announced a CFO transition. James Richardson has stepped down as Executive Vice President and Chief Financial Officer; the company states his resignation did not involve any disagreement over operations, policies, or accounting practices. He will remain available for three months on garden leave, receiving regular base salary and benefits, followed by a lump-sum payment equal to three months’ base salary and an additional one month of base salary under a separation agreement.

The Board has promoted Craig Wilson, previously Vice President of Finance and Accounting, to Executive Vice President and Chief Financial Officer, effective May 14, 2026. Under his employment agreement, Wilson will receive a £300,000 annual base salary, a 15% employer pension contribution at the executive level, eligibility for executive short- and long-term incentive plans, and a sign-on grant of 30,000 restricted stock units vesting in equal tranches on December 31 of 2027, 2028, and 2029.

Inspired Entertainment, Inc. reported Q1 2026 revenue of $57.2 million, down from $60.4 million a year earlier, but net operating income rose to $9.2 million from $1.6 million. The company recorded a small net loss of $0.5 million, similar to break-even in 2025.

Operating cash flow remained strong at $26.7 million, with cash of $41.1 million and working capital (excluding cash and restricted cash) of $33.4 million as of March 31, 2026. Long-term debt was $326.3 million, and the Senior Notes leverage covenant tested at 2.88x, well below the 5.0x limit.

Retail Solutions revenue fell sharply after the sale of the UK holiday parks business and pub model changes, while Interactive revenue grew across the UK, Europe and North America. Virtual Sports revenue declined modestly, though the company signed multi-year extensions with major operators and continued product launches. Management believes existing resources and cash generation will fund needs through May 2027, and the company repurchased 387,230 shares for about $2.6 million under its share buyback program.

Inspired Entertainment, Inc. reported first quarter 2026 revenue of $57.2 million, down 5% year-over-year as it exited its former UK holiday parks and restructured parts of its pubs business. Despite this, net operating income rose to $9.2 million and net loss was modest at $0.5 million.

Adjusted EBITDA increased 29% to $23.7 million, delivering a 41% margin, helped by growth in higher-margin Interactive operations, where revenue rose 38% and Adjusted EBITDA 53%. Free cash flow was $15.8 million, supporting $13.3 million of debt repayment and $2.6 million of share repurchases.

The company reiterated its full-year 2026 Adjusted EBITDA target range of $112 million to $118 million and now sees a path to Adjusted EBITDA margins of up to 45% for the year, reflecting its shift toward more digital, capital-light, higher-margin segments.

Inspired Entertainment, Inc. is holding its 2026 annual stockholder meeting virtually on May 27, 2026. Holders of 26,675,355 common shares as of April 8, 2026 may vote online or by proxy.

Stockholders will vote on electing seven directors, an advisory Say‑on‑Pay vote on executive compensation, an advisory Say‑on‑Frequency vote on how often Say‑on‑Pay should occur, and ratification of CBIZ CPAs P.C. as auditor for 2026. The Board recommends voting FOR all nominees and proposals and for Say‑on‑Pay every three years.

The company highlights a largely independent Board (six of seven directors), fully independent audit, compensation, and nominating/governance committees, stock ownership guidelines, a clawback policy, and an insider trading policy that bans short sales and speculative hedging. Executive pay blends salary, a short‑term bonus tied mainly to Adjusted EBITDAB, and RSU-based long‑term incentives. For 2025, the bonus plan paid 98.84% of target based on performance versus an Adjusted EBITDAB target of $110.2 million, and long‑term awards combined time‑vested and performance‑based RSUs.

A. Lorne Weil and related parties filed an amended Schedule 13D for Inspired Entertainment, updating their ownership and recent transactions in the company’s common stock.

The filing shows Weil beneficially owning 3,123,238 shares, or 10.9% of the common stock, based on 27,059,573 shares outstanding as of March 5, 2026 plus 1,651,688 vested equity units. Family entities associated with Carly M. Weil and William C. Adams report additional beneficial holdings of 9.8% and 6.7%, respectively. Trusts linked to Weil bought a total of 100,000 shares in November 2025 and March 2026 for $340,835 and $406,360, and the issuer settled equity awards in shares to Weil and Hydralex LLC. The document also notes a third addendum extending Weil’s employment agreement with Inspired Entertainment through December 31, 2028.

Inspired Entertainment, Inc. director Michael R. Chambrello reported buying a total of 10,000 shares of Common Stock in open-market transactions. He purchased 4,812 shares at $6.95 per share and 5,188 shares at $6.90 per share on March 26, 2026.

Following these purchases, he directly owns 64,568 common shares. He also has indirect ownership of 10,070 shares held by the Denise M. Chambrello Revocable Trust, where he and his spouse serve as co-trustees. In addition, his reported holdings include 12,047 restricted stock units awarded in 2026 and 22,555 restricted stock units from awards granted between 2019 and 2021, which will settle after he leaves the board or upon a change in control.

Inspired Entertainment, Inc. President and CEO Brooks H. Pierce reported open-market purchases of 20,000 shares of common stock. The buys occurred over three days at per-share prices reported as weighted averages of $6.66, $6.76 and $6.88, each reflecting multiple trades within disclosed price ranges.

Following these transactions, Pierce directly holds 57,407 common shares. He also has indirect beneficial ownership of 300,862 additional shares through a GRAT, where he is identified as the trustee and sole annuitant.

Inspired Entertainment, Inc. insider Lorne A. Weil, Executive Chairman and a greater-than-10% owner, reported indirect open-market purchases totaling 50,000 shares of common stock over March 25–27. The trades, executed through trusts for the benefit of his children, were made at weighted-average prices with ranges from $6.60 to $7.00 per share, as described in the footnotes.

After these transactions, the filing shows 622,771 shares held by such trusts, 306,380 shares held directly, and additional indirect holdings of 493,015 and 49,384 shares via LLCs. The footnotes state that Weil disclaims beneficial ownership of the trust and LLC-held securities except to the extent of his pecuniary interest.