Inspired Entertainment (INSE) CEO adds 20,000 shares in open-market buys
Rhea-AI Filing Summary
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.
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Insights
CEO makes net open-market purchase of 20,000 INSE shares.
Brooks H. Pierce, President and CEO of Inspired Entertainment, executed three open-market purchases totaling 20,000 common shares. The weighted average prices were around $6.66–$6.88 per share, indicating a net increase in his direct equity exposure to the company.
After these trades, he owns 57,407 shares directly and 300,862 shares indirectly via a GRAT, where he is trustee and sole annuitant. No derivative positions are reported in this filing, so the visible insider exposure is entirely in common stock. The filing does not reference any pre-arranged trading plan, suggesting discretionary purchases.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 5,000 | $6.76 | $34K |
| Purchase | Common Stock | 13,332 | $6.88 | $92K |
| Purchase | Common Stock | 1,668 | $6.66 | $11K |
| 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. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.80 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 $6.65 to $6.89. 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 reporting person is the trustee and sole annuitant of the GRAT.