Executive chair of Inspired (INSE) buys 50K shares through family trusts
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insights
Executive chair reports routine-sized open-market buying via family entities.
The reporting shows 50,000 common shares of Inspired Entertainment acquired in open-market purchases over three days through trusts benefiting Lorne Weil’s children. These are straightforward P-code purchases, with weighted-average prices in ranges between $6.60 and $7.00 per share.
Post-transaction, the Form 4 lists substantial holdings across direct and indirect accounts: 622,771 shares via trusts, 306,380 shares directly, and 493,015 plus 49,384 shares via LLCs. Footnotes clarify that Weil disclaims beneficial ownership of trust and LLC shares beyond his pecuniary interest, so these are economically linked but not purely personal holdings.
There are no derivative positions reported and no sales, gifts, or tax-withholding entries in this filing. Given the scale relative to the overall reported equity exposure and the absence of disposals, this appears as a routine net-buy update rather than a thesis-changing event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 20,000 | $6.80 | $136K |
| Purchase | Common Stock | 21,659 | $6.85 | $148K |
| Purchase | Common Stock | 8,341 | $6.66 | $56K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.60 to $6.70. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Held by trusts for the benefit of the reporting person's children. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.72 to $7.00. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.61 to $6.91. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. 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. 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.
FAQ
What insider transactions did Lorne Weil report for Inspired Entertainment (INSE)?
At what prices were the recent INSE insider purchases executed?
Were the INSE insider purchases made under a derivative or options program?