Performance stock awards to Inspired Entertainment (INSE) chair and LLC

Rhea-AI Filing Summary

Inspired Entertainment Executive Chairman Lorne Weil reported awards of performance-based restricted stock units tied to 2025–2027 goals. He received 39,536 performance units granted in 2025 after the compensation committee certified that 98.84% of his 2025 target award was earned; these units vest on December 31, 2027 and convert into common stock one-for-one. An additional 41,666 performance units relate to a 2023 award held indirectly through Hydralex Holdings LLC, whose membership interests are owned by trusts for his children and other beneficiaries, including him, and for which he disclaims beneficial ownership except for his pecuniary interest. Two further 41,667-unit tranches remain conditioned on performance criteria for 2026 and 2027.

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

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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^*

WEIL A LORNE

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

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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

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
Performance Restricted Stock Units	(1)	03/10/2026		A		39,536		(2)	(2)	Common Stock	39,536	$0.00	39,536	D
Performance Restricted Stock Units	(1)	03/10/2026		A		41,666		(3)	(3)	Common Stock	41,666	$0.00	125,000	I	By LLC(4)

Explanation of Responses:

1. Performance restricted stock units convert into shares of common stock on a one-for-one basis.

2. These performance restricted stock units were granted to the reporting person on February 11, 2025 and were conditioned on the attainment of pre-established performance criteria for 2025. The Issuer's compensation committee determined that the performance condition was attained with respect to 39,536 units, representing 98.84% of the reporting person's target award. The units remain subject to a time-based vesting schedule (vesting in one installment on December 31, 2027).

3. These performance restricted stock units were part of an award granted to the reporting person on May 9, 2023 pursuant to the reporting person's employment agreement and were conditioned on the attainment of pre-established performance criteria for 2025. The Issuer's compensation committee determined that the performance condition was attained with respect to the reporting person's target number of units after factoring in the amount of eligible carryover performance from prior years in excess of the target. There are two remaining tranches covered by the award (each in the amount of 41,667 target units) which are conditioned on attainment of pre-established performance criteria for 2026 and 2027.

4. 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.

	/s/ Carys Damon, Attorney-in-Fact	03/12/2026
	** 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).
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FAQ

What insider transactions did INSE Executive Chairman Lorne Weil report?

Lorne Weil reported awards of performance-based restricted stock units, not open-market trades. He acquired 39,536 units from a 2025 grant and 41,666 units from a 2023 award structure, each convertible one-for-one into Inspired Entertainment common stock upon vesting and satisfaction of conditions.

How many performance restricted stock units did INSE grant for 2025 performance?

The compensation committee confirmed 39,536 performance restricted stock units for 2025, representing 98.84% of Lorne Weil’s target award. These units were originally granted on February 11, 2025 and remain subject to time-based vesting, scheduled to vest in a single installment on December 31, 2027.

What are the future performance tranches in Lorne Weil’s 2023 INSE award?

The 2023 performance award includes two remaining tranches of 41,667 target units each. These tranches are conditioned on achieving pre-established performance criteria for 2026 and 2027, meaning additional units can vest if those future performance goals are met under the award’s terms.

How do the INSE performance restricted stock units convert into common stock?

Each performance restricted stock unit converts into one share of Inspired Entertainment common stock. Conversion occurs upon satisfaction of the applicable performance conditions and the time-based vesting schedule, so realized ownership depends on meeting targets and remaining with the company through vesting dates.

How are the INSE units held through Hydralex Holdings LLC treated?

Some units are held indirectly through Hydralex Holdings LLC, whose membership interests are owned by trusts for Lorne Weil’s children and other beneficiaries, including him. Weil disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in the LLC-held positions.

Are the INSE insider transactions open-market buys or compensation awards?

The reported INSE transactions are compensation-related performance restricted stock unit awards, not open-market purchases or sales. They were granted under an employment agreement and incentive plans, based on attainment of pre-set performance criteria, and remain subject to time-based vesting requirements before delivery of common shares.