Director RSU grant at Inspired Entertainment (INSE) detailed in SEC filing

Rhea-AI Filing Summary

Inspired Entertainment, Inc. director Ira H. Raphaelson reported receiving 12,047 shares of common stock on January 2, 2026 through a grant of restricted stock units under the company’s non-employee director compensation policy. One-quarter of these units vested immediately at grant, and the remaining three-quarters will vest in three equal installments on April 1, 2026, July 1, 2026 and October 1, 2026. The units convert into common shares on a one-for-one basis, and following this award he beneficially owns 44,940 common shares directly. The disclosure notes an additional 42,716 restricted stock units from awards granted between 2017 and 2021 that are deferred until he leaves the board or there is a change in control.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Raphaelson Ira H

(Last) (First) (Middle)

C/O INSPIRED ENTERTAINMENT, INC.

250 WEST 57TH STREET, SUITE 415

(Street)

NEW YORK NY 10107

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Inspired Entertainment, Inc. [ INSE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/02/2026		A(1)		12,047	A	(1)	44,940(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects grant of restricted stock units under the Issuer's non-employee director compensation policy. One-quarter of the units vested upon grant and the remaining three-quarters of the units will vest in three equal installments on April 1, 2026, July 1, 2026 and October 1, 2026. The units convert into shares of common stock on a one-for-one basis.

2. 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.

	/s/ Carys Damon, Attorney-in-Fact	01/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Inspired Entertainment (INSE) report for Ira H. Raphaelson?

Inspired Entertainment director Ira H. Raphaelson reported an acquisition of 12,047 shares of common stock on January 2, 2026, received via a grant of restricted stock units under the non-employee director compensation policy.

Was the Inspired Entertainment director stock grant made at a purchase price?

No cash changed hands in this transaction. The Form 4 shows the 12,047 common shares were acquired at a price per share of $0.0000, indicating they were granted as equity compensation rather than bought in the market.

How do the new restricted stock units for INSE’s director vest?

According to the filing, one-quarter of the restricted stock units vested upon grant, while the remaining three-quarters will vest in three equal installments on April 1, 2026, July 1, 2026 and October 1, 2026. Each unit converts into one share of common stock.

How many Inspired Entertainment shares does Ira H. Raphaelson own after this transaction?

After the reported grant, the director beneficially owns 44,940 shares of Inspired Entertainment common stock directly, as shown in the Form 4’s share balance following the transaction.

What additional deferred restricted stock units does the Inspired Entertainment director hold?

The disclosure states that the figures reported do not include 42,716 restricted stock units from awards made between 2017 and 2021. These prior RSUs were reported previously and are subject to deferred settlement until the director ceases to serve on the board or a change in control occurs.

What type of security was involved in the Inspired Entertainment Form 4 filing?

The Form 4 reports an acquisition of common stock of Inspired Entertainment, Inc., delivered through a grant of restricted stock units that convert into common shares on a one-for-one basis.