INSE

SEC source: 0001615774-17-002683 · s106318_form4.xml · nonDerivative · entry 1

Withers Roger Dean · CIK 0001693446 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 100

SEC source: 0001615774-17-002278 · s106156_form4.xml · derivative · entry 1

Hagen Nicholas Roger John · CIK 0001693442 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,878

Underlying: Common Stock · 4,878 shares

Expires not disclosed

F1 · security: Grant of restricted stock units under the Inspired Entertainment, Inc. 2016 Long-Term Incentive Plan (the "Plan").

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock at settlement.

F3 · derivative.exercise_date: One-half of the units vested upon grant and the remaining half will vest in two equal installments, on July 1, 2017 and October 1, 2017. The units shall be settled by the issuance of shares of common stock upon the holder's cessation as a member of the Board of Directors or upon a Change in Control of the Issuer (as set forth in the Plan).

F3 · derivative.expiration_date: One-half of the units vested upon grant and the remaining half will vest in two equal installments, on July 1, 2017 and October 1, 2017. The units shall be settled by the issuance of shares of common stock upon the holder's cessation as a member of the Board of Directors or upon a Change in Control of the Issuer (as set forth in the Plan).

SEC source: 0001615774-17-002270 · s106154_form4.xml · derivative · entry 1

Withers Roger Dean · CIK 0001693446 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,365

Underlying: Common Stock · 5,365 shares

Expires not disclosed

F1 · security: Grant of restricted stock units under the Inspired Entertainment, Inc. 2016 Long-Term Incentive Plan (the "Plan").

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock at settlement.

F3 · derivative.exercise_date: One-half of the units vested upon grant and the remaining half will vest in two equal installments, on July 1, 2017 and October 1, 2017. The units shall be settled by the issuance of shares of common stock upon the holder's cessation as a member of the Board of Directors or upon a Change in Control of the Issuer (as set forth in the Plan).

F3 · derivative.expiration_date: One-half of the units vested upon grant and the remaining half will vest in two equal installments, on July 1, 2017 and October 1, 2017. The units shall be settled by the issuance of shares of common stock upon the holder's cessation as a member of the Board of Directors or upon a Change in Control of the Issuer (as set forth in the Plan).

SEC source: 0001615774-17-002279 · s106159_form4.xml · derivative · entry 1

Raphaelson Ira H · CIK 0001352459 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: Not disclosed

Underlying: Common Stock · 5,853 shares

Expires not disclosed

F1 · security: Grant of restricted stock units under the Inspired Entertainment, Inc. 2016 Long-Term Incentive Plan (the "Plan").

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock at settlement.

F3 · derivative.exercise_date: One-half of the units vested upon grant and the remaining half will vest in two equal installments, on July 1, 2017 and October 1, 2017. The units shall be settled by the issuance of shares of common stock upon the holder's cessation as a member of the Board of Directors or upon a Change in Control of the Issuer (as set forth in the Plan).

F3 · derivative.expiration_date: One-half of the units vested upon grant and the remaining half will vest in two equal installments, on July 1, 2017 and October 1, 2017. The units shall be settled by the issuance of shares of common stock upon the holder's cessation as a member of the Board of Directors or upon a Change in Control of the Issuer (as set forth in the Plan).

SEC source: 0001615774-17-002274 · s106158_form4.xml · derivative · entry 1

Vandemore John M · CIK 0001542442 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,365

Underlying: Common Stock · 5,365 shares

Expires not disclosed

F1 · security: Grant of restricted stock units under the Inspired Entertainment, Inc. 2016 Long-Term Incentive Plan (the "Plan").

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock at settlement.

F3 · derivative.exercise_date: One-half of the units vested upon grant and the remaining half will vest in two equal installments, on July 1, 2017 and October 1, 2017. The units shall be settled by the issuance of shares of common stock upon the holder's cessation as a member of the Board of Directors or upon a Change in Control of the Issuer (as set forth in the Plan).

F3 · derivative.expiration_date: One-half of the units vested upon grant and the remaining half will vest in two equal installments, on July 1, 2017 and October 1, 2017. The units shall be settled by the issuance of shares of common stock upon the holder's cessation as a member of the Board of Directors or upon a Change in Control of the Issuer (as set forth in the Plan).

SEC source: 0001214659-17-000275 · marketforms-37590.xml · nonDerivative · entry 1

HG Vora Capital Management, LLC · CIK 0001525362 · 10% owner

HG Vora Special Opportunities Master Fund, Ltd. · CIK 0001544850 · 10% owner

Vora Parag · CIK 0001544851 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By: HG Vora Special Opportunities Master Fund, Ltd.

Disclosed balance after: 2,906,500

F1 · security: This Form 4 is filed jointly by HG Vora Capital Management, LLC ("HG Vora Capital"), HG Vora Special Opportunities Master Fund, Ltd. ("HG Vora Special Opportunities"), and Parag Vora (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.95 to $8.00. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

F3 · balance_after: Includes 400,000 shares underlying 800,000 warrants that become exercisable on January 22, 2017.

F4 · ownership.nature: Securities owned directly by HG Vora Special Opportunities. HG Vora Capital is a registered investment adviser under the Investment Advisers Act of 1940, as amended, and acts as an investment adviser to certain investment entities. HG Vora Capital, as investment manager of HG Vora Special Opportunities, may be deemed to beneficially own the securities owned directly by HG Vora Special Opportunities. Parag Vora, as the managing member of HG Vora Capital, may be deemed to beneficially own the securities owned directly by HG Vora Special Opportunities.

SEC source: 0001214659-17-000057 · hgvoraform4.xml · nonDerivative · entry 3

HG Vora Capital Management, LLC · CIK 0001525362 · 10% owner

HG Vora Special Opportunities Master Fund, Ltd. · CIK 0001544850 · 10% owner

Vora Parag · CIK 0001544851 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By: HG Vora Special Opportunities Master Fund, Ltd.

Disclosed balance after: 2,906,000

F1 · security: This Form 4 is filed jointly by HG Vora Capital Management, LLC ("HG Vora Capital"), HG Vora Special Opportunities Master Fund, Ltd. ("HG Vora Special Opportunities"), and Parag Vora (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.60 to $7.95. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

F5 · ownership.nature: Securities owned directly by HG Vora Special Opportunities. HG Vora Capital is a registered investment adviser under the Investment Advisers Act of 1940, as amended, and acts as an investment adviser to certain investment entities. HG Vora Capital, as investment manager of HG Vora Special Opportunities, may be deemed to beneficially own the securities owned directly by HG Vora Special Opportunities. Parag Vora, as the managing member of HG Vora Capital, may be deemed to beneficially own the securities owned directly by HG Vora Special Opportunities.

SEC source: 0001144204-17-000942 · v456415_4.xml · nonDerivative · entry 1

WEIL A LORNE · CIK 0000921873 · Director · Executive Chairman · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 940,583

F1 · price: Grant of restricted stock pursuant to the Inspired Entertainment, Inc. 2016 Long-Term Incentive Plan.

F2 · balance_after: The shares of restricted stock vest in three equal installments: Installment 1 -- On the later of (i) December 23, 2017 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $12.50 or higher. Installment 2 -- On the later of (i) December 23, 2018 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $15.00 or higher. Installment 3 -- On the later of (i) December 23, 2019 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $17.50 or higher.

SEC source: 0001144204-17-000902 · v456352_form4.xml · derivative · entry 2

Silvers Daniel B. · CIK 0001468195 · Chief Strategy Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,500

Underlying: Common Stock · 12,500 shares

Expires not disclosed

F3 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of INSE common stock (the "Common Stock"), subject to forfeiture as set forth in the Inspired Entertainment, Inc. Second Long-Term Incentive Plan (the "Second Plan"). The Second Plan has been approved by the Issuer's Board of Directors and is pending stockholder approval. All grants thereunder are contingent upon stockholder approval of the Second Plan.

F3 · timeliness: Each restricted stock unit represents a contingent right to receive one share of INSE common stock (the "Common Stock"), subject to forfeiture as set forth in the Inspired Entertainment, Inc. Second Long-Term Incentive Plan (the "Second Plan"). The Second Plan has been approved by the Issuer's Board of Directors and is pending stockholder approval. All grants thereunder are contingent upon stockholder approval of the Second Plan.

F4 · derivative.exercise_date: Each restricted stock unit shall be settled by the issuance of a share of Common Stock in certificated or uncertificated form on the earliest of (i) December 23, 2019, (ii) the holder's death, (iii) the holder's disability (within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended) or (iv) the closing of a Change in Control (as set forth in the Inspired Entertainment, Inc. Second Long-Term Incentive Plan).

F4 · derivative.expiration_date: Each restricted stock unit shall be settled by the issuance of a share of Common Stock in certificated or uncertificated form on the earliest of (i) December 23, 2019, (ii) the holder's death, (iii) the holder's disability (within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended) or (iv) the closing of a Change in Control (as set forth in the Inspired Entertainment, Inc. Second Long-Term Incentive Plan).

SEC source: 0001144204-17-000902 · v456352_form4.xml · nonDerivative · entry 1

Silvers Daniel B. · CIK 0001468195 · Chief Strategy Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 150,000

F1 · price: Grant of restricted stock pursuant to the Inspired Entertainment, Inc. 2016 Long-Term Incentive Plan.

F2 · balance_after: The shares of restricted stock vest in three equal installments: Installment 1 -- On the later of (i) December 23, 2017 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $12.50 or higher. Installment 2 -- On the later of (i) December 23, 2018 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $15.00 or higher. Installment 3 -- On the later of (i) December 23, 2019 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $17.50 or higher.

SEC source: 0001615774-17-002191 · s106124_form4a.xml · nonDerivative · entry 1

WEIL A LORNE · CIK 0000921873 · Director · Executive Chairman · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 926,272

F1 · kind: Grant of restricted stock pursuant to the Inspired Entertainment, Inc. 2016 Long-Term Incentive Plan (the "Plan").

F2 · shares: The shares of restricted stock vest in three equal installments: Installment 1 -- On the later of (i) December 23, 2017 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $12.50 or higher. Installment 2 -- On the later of (i) December 23, 2018 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $15.00 or higher. Installment 3 -- On the later of (i) December 23, 2019 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $17.50 or higher.

F3 · shares: This amended Form 4 reflects the reduction of 14,311 shares of restricted stock awarded on January 3, 2017 under the Plan in order to administratively correct an error in the calculation of such award.

SEC source: 0001214659-17-000057 · hgvoraform4.xml · nonDerivative · entry 2

HG Vora Capital Management, LLC · CIK 0001525362 · 10% owner

HG Vora Special Opportunities Master Fund, Ltd. · CIK 0001544850 · 10% owner

Vora Parag · CIK 0001544851 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By: HG Vora Special Opportunities Master Fund, Ltd.

Disclosed balance after: 2,905,000

F1 · security: This Form 4 is filed jointly by HG Vora Capital Management, LLC ("HG Vora Capital"), HG Vora Special Opportunities Master Fund, Ltd. ("HG Vora Special Opportunities"), and Parag Vora (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.90 to $8.45. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

F5 · ownership.nature: Securities owned directly by HG Vora Special Opportunities. HG Vora Capital is a registered investment adviser under the Investment Advisers Act of 1940, as amended, and acts as an investment adviser to certain investment entities. HG Vora Capital, as investment manager of HG Vora Special Opportunities, may be deemed to beneficially own the securities owned directly by HG Vora Special Opportunities. Parag Vora, as the managing member of HG Vora Capital, may be deemed to beneficially own the securities owned directly by HG Vora Special Opportunities.

SEC source: 0001144204-17-000632 · v456167_4.xml · nonDerivative · entry 2

Alvarez Luke Lyon · CIK 0001693747 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,091,303

F2 · price: Purchase pursuant to compensation arrangements in which Mr. Alvarez agreed to use 50% of his cash bonus to subscribe for shares of common stock at a price of $10.00 per share.

SEC source: 0001144204-17-000389 · v456169_4.xml · derivative · entry 1

ROGERS STEVEN ROBERT · CIK 0001693425 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 118,736

Underlying: Common Stock · 118,736 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of INSE common stock (the "Common Stock"), subject to forfeiture as set forth in the Inspired Entertainment, Inc. 2016 Long-Term Incentive Plan.

F2 · derivative.exercise_date: The restricted stock units vest in three equal installments: Installment 1 -- On the later of (i) December 23, 2017 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $12.50 or higher. Installment 2 -- On the later of (i) December 23, 2018 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $15.00 or higher. Installment 3 -- On the later of (i) December 23, 2019 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $17.50 or higher.

F2 · derivative.expiration_date: The restricted stock units vest in three equal installments: Installment 1 -- On the later of (i) December 23, 2017 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $12.50 or higher. Installment 2 -- On the later of (i) December 23, 2018 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $15.00 or higher. Installment 3 -- On the later of (i) December 23, 2019 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $17.50 or higher.

SEC source: 0001144204-17-000388 · v456168_4.xml · derivative · entry 1

Wilson David Gray · CIK 0001693448 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 118,736

Underlying: Common Stock · 118,736 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of INSE common stock (the "Common Stock"), subject to forfeiture as set forth in the Inspired Entertainment, Inc. 2016 Long-Term Incentive Plan.

F2 · derivative.exercise_date: The restricted stock units vest in three equal installments: Installment 1 -- On the later of (i) December 23, 2017 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $12.50 or higher. Installment 2 -- On the later of (i) December 23, 2018 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $15.00 or higher. Installment 3 -- On the later of (i) December 23, 2019 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $17.50 or higher.

F2 · derivative.expiration_date: The restricted stock units vest in three equal installments: Installment 1 -- On the later of (i) December 23, 2017 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $12.50 or higher. Installment 2 -- On the later of (i) December 23, 2018 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $15.00 or higher. Installment 3 -- On the later of (i) December 23, 2019 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $17.50 or higher.

SEC source: 0001214659-17-000057 · hgvoraform4.xml · nonDerivative · entry 1

HG Vora Capital Management, LLC · CIK 0001525362 · 10% owner

HG Vora Special Opportunities Master Fund, Ltd. · CIK 0001544850 · 10% owner

Vora Parag · CIK 0001544851 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By: HG Vora Special Opportunities Master Fund, Ltd.

Disclosed balance after: 2,852,000

F1 · security: This Form 4 is filed jointly by HG Vora Capital Management, LLC ("HG Vora Capital"), HG Vora Special Opportunities Master Fund, Ltd. ("HG Vora Special Opportunities"), and Parag Vora (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.50 to $8.15. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

F5 · ownership.nature: Securities owned directly by HG Vora Special Opportunities. HG Vora Capital is a registered investment adviser under the Investment Advisers Act of 1940, as amended, and acts as an investment adviser to certain investment entities. HG Vora Capital, as investment manager of HG Vora Special Opportunities, may be deemed to beneficially own the securities owned directly by HG Vora Special Opportunities. Parag Vora, as the managing member of HG Vora Capital, may be deemed to beneficially own the securities owned directly by HG Vora Special Opportunities.

SEC source: 0001144204-17-000632 · v456167_4.xml · nonDerivative · entry 1

Alvarez Luke Lyon · CIK 0001693747 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 940,583

F1 · price: Grant of restricted stock pursuant to the Inspired Entertainment, Inc. 2016 Long-Term Incentive Plan.

SEC source: 0001615774-17-002192 · s106123_form4a.xml · nonDerivative · entry 2

Alvarez Luke Lyon · CIK 0001693747 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,091,303

F3 · date: This amended Form 4 reflects (i) the reduction of 14,311 shares of restricted stock awarded on December 29, 2016 under the Plan in order to administratively correct an error in the calculation of such award and (ii) an administrative correction to the date of the purchase disclosed herein.

F4 · kind: Purchase pursuant to compensation arrangement in which Mr. Alvarez agreed to use 50% of his cash bonus to subscribe for shares of common stock at a price of $10.00 per share.

SEC source: 0001615774-17-002192 · s106123_form4a.xml · nonDerivative · entry 1

Alvarez Luke Lyon · CIK 0001693747 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 926,272

F1 · kind: Grant of restricted stock pursuant to the Inspired Entertainment, Inc. 2016 Long-Term Incentive Plan (the "Plan").

F2 · shares: The shares of restricted stock vest in three equal installments: Installment 1 -- On the later of (i) December 23, 2017 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $12.50 or higher. Installment 2 -- On the later of (i) December 23, 2018 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $15.00 or higher. Installment 3 -- On the later of (i) December 23, 2019 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $17.50 or higher.

F3 · shares: This amended Form 4 reflects (i) the reduction of 14,311 shares of restricted stock awarded on December 29, 2016 under the Plan in order to administratively correct an error in the calculation of such award and (ii) an administrative correction to the date of the purchase disclosed herein.

SEC source: 0001144204-16-141627 · v455847_4.xml · derivative · entry 5

WEIL A LORNE · CIK 0000921873 · Director · Executive Chairman · 10% owner

Hydra Industries Sponsor LLC · CIK 0001622289 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 3,669,230

Underlying: Common Stock · 0.5 shares

Expires 2021-12-23

F1 · shares: As an inducement to the agreement of certain institutional and accredited investors (the "Purchasers") to purchase shares of Inspired Entertainment, Inc., formerly known as Hydra Industries Acquisition Corp. (the "Issuer"), from public stockholders in advance of the Issuer's proposed business combination, Hydra Industries Sponsor LLC (the "Sponsor") agreed to transfer 710,000 shares of founder common stock and 910,000 private placement warrants to the Purchasers following the closing of such business combination.

F1 · price: As an inducement to the agreement of certain institutional and accredited investors (the "Purchasers") to purchase shares of Inspired Entertainment, Inc., formerly known as Hydra Industries Acquisition Corp. (the "Issuer"), from public stockholders in advance of the Issuer's proposed business combination, Hydra Industries Sponsor LLC (the "Sponsor") agreed to transfer 710,000 shares of founder common stock and 910,000 private placement warrants to the Purchasers following the closing of such business combination.

F6 · derivative.underlying_shares: The exercise price of the warrants is $5.75 per half share. Warrants may only be exercised for whole shares (2 warrants at $11.50 per share).

F2 · ownership.nature: The shares and warrants owned indirectly are held by the Sponsor and are beneficially owned by A. Lorne Weil, who has sole voting and dispositive power over the shares held by the Sponsor. Mr. Weil, B. Luke Weil, a son of Mr. Weil, and trusts owned by Mr. Weil's children, B. Luke Weil, Nicholas Weil, Francesca Weil, and Alexander Weil, own all of the membership interests in the Sponsor. Mr. Weil may be deemed the beneficial owner of the securities held by the Sponsor and has sole voting and dispositive control over such securities. Mr. Weil disclaims beneficial ownership over any securities owned by the Sponsor in which he does not have any pecuniary interest.

SEC source: 0001144204-16-141627 · v455847_4.xml · derivative · entry 4

WEIL A LORNE · CIK 0000921873 · Director · Executive Chairman · 10% owner

Hydra Industries Sponsor LLC · CIK 0001622289 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 4,579,230

Underlying: Common Stock · 0.5 shares

Expires 2021-12-23

F5 · shares: In order to preserve the Issuer's liquidity, the Sponsor agreed to accept repayment from the Issuer for $539,615.20 payable upon consummation of the business combination in the form of warrants, at a price of $0.50 per warrant.

F5 · price: In order to preserve the Issuer's liquidity, the Sponsor agreed to accept repayment from the Issuer for $539,615.20 payable upon consummation of the business combination in the form of warrants, at a price of $0.50 per warrant.

F6 · derivative.underlying_shares: The exercise price of the warrants is $5.75 per half share. Warrants may only be exercised for whole shares (2 warrants at $11.50 per share).

F2 · ownership.nature: The shares and warrants owned indirectly are held by the Sponsor and are beneficially owned by A. Lorne Weil, who has sole voting and dispositive power over the shares held by the Sponsor. Mr. Weil, B. Luke Weil, a son of Mr. Weil, and trusts owned by Mr. Weil's children, B. Luke Weil, Nicholas Weil, Francesca Weil, and Alexander Weil, own all of the membership interests in the Sponsor. Mr. Weil may be deemed the beneficial owner of the securities held by the Sponsor and has sole voting and dispositive control over such securities. Mr. Weil disclaims beneficial ownership over any securities owned by the Sponsor in which he does not have any pecuniary interest.

SEC source: 0001144204-16-141627 · v455847_4.xml · derivative · entry 3

WEIL A LORNE · CIK 0000921873 · Director · Executive Chairman · 10% owner

Hydra Industries Sponsor LLC · CIK 0001622289 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 3,500,000

Underlying: Common Stock · 0.5 shares

Expires 2021-12-23

F4 · shares: In connection with the inducement referenced in Footnote 1, MIHI LLC, an initial sponsor of the Issuer's IPO, agreed to transfer 3,500,000 private placement warrants to the Sponsor.

F4 · price: In connection with the inducement referenced in Footnote 1, MIHI LLC, an initial sponsor of the Issuer's IPO, agreed to transfer 3,500,000 private placement warrants to the Sponsor.

F6 · derivative.underlying_shares: The exercise price of the warrants is $5.75 per half share. Warrants may only be exercised for whole shares (2 warrants at $11.50 per share).

F2 · ownership.nature: The shares and warrants owned indirectly are held by the Sponsor and are beneficially owned by A. Lorne Weil, who has sole voting and dispositive power over the shares held by the Sponsor. Mr. Weil, B. Luke Weil, a son of Mr. Weil, and trusts owned by Mr. Weil's children, B. Luke Weil, Nicholas Weil, Francesca Weil, and Alexander Weil, own all of the membership interests in the Sponsor. Mr. Weil may be deemed the beneficial owner of the securities held by the Sponsor and has sole voting and dispositive control over such securities. Mr. Weil disclaims beneficial ownership over any securities owned by the Sponsor in which he does not have any pecuniary interest.

SEC source: 0001144204-16-141627 · v455847_4.xml · derivative · entry 2

WEIL A LORNE · CIK 0000921873 · Director · Executive Chairman · 10% owner

Hydra Industries Sponsor LLC · CIK 0001622289 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,200,000

Underlying: Common Stock · 0.5 shares

Expires 2021-12-23

F3 · date: In connection with the Issuer's IPO on October 24, 2014, Mr. Weil acquired 4,200,000 warrants, for an aggregate purchase price of $2,100,000, that could only become eligible for exercise upon consummation of the Issuer's initial business combination. Since the exercise of the warrants was contingent upon the closing of the business combination, these warrants were not reported at the time of acquisition. The acquisition is being reported now in connection with the Issuer's consummation of a business combination on December 23, 2016.

F3 · shares: In connection with the Issuer's IPO on October 24, 2014, Mr. Weil acquired 4,200,000 warrants, for an aggregate purchase price of $2,100,000, that could only become eligible for exercise upon consummation of the Issuer's initial business combination. Since the exercise of the warrants was contingent upon the closing of the business combination, these warrants were not reported at the time of acquisition. The acquisition is being reported now in connection with the Issuer's consummation of a business combination on December 23, 2016.

F3 · price: In connection with the Issuer's IPO on October 24, 2014, Mr. Weil acquired 4,200,000 warrants, for an aggregate purchase price of $2,100,000, that could only become eligible for exercise upon consummation of the Issuer's initial business combination. Since the exercise of the warrants was contingent upon the closing of the business combination, these warrants were not reported at the time of acquisition. The acquisition is being reported now in connection with the Issuer's consummation of a business combination on December 23, 2016.

F6 · derivative.underlying_shares: The exercise price of the warrants is $5.75 per half share. Warrants may only be exercised for whole shares (2 warrants at $11.50 per share).

SEC source: 0001144204-16-141627 · v455847_4.xml · nonDerivative · entry 1

WEIL A LORNE · CIK 0000921873 · Director · Executive Chairman · 10% owner

Hydra Industries Sponsor LLC · CIK 0001622289 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 476,308

F1 · price: As an inducement to the agreement of certain institutional and accredited investors (the "Purchasers") to purchase shares of Inspired Entertainment, Inc., formerly known as Hydra Industries Acquisition Corp. (the "Issuer"), from public stockholders in advance of the Issuer's proposed business combination, Hydra Industries Sponsor LLC (the "Sponsor") agreed to transfer 710,000 shares of founder common stock and 910,000 private placement warrants to the Purchasers following the closing of such business combination.

F2 · ownership.nature: The shares and warrants owned indirectly are held by the Sponsor and are beneficially owned by A. Lorne Weil, who has sole voting and dispositive power over the shares held by the Sponsor. Mr. Weil, B. Luke Weil, a son of Mr. Weil, and trusts owned by Mr. Weil's children, B. Luke Weil, Nicholas Weil, Francesca Weil, and Alexander Weil, own all of the membership interests in the Sponsor. Mr. Weil may be deemed the beneficial owner of the securities held by the Sponsor and has sole voting and dispositive control over such securities. Mr. Weil disclaims beneficial ownership over any securities owned by the Sponsor in which he does not have any pecuniary interest.

SEC source: 0001144204-16-141628 · v455914_4.xml · derivative · entry 1

SCHLOSS MARTIN E · CIK 0001250112 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 300,000

Underlying: Common Stock · 0.5 shares

Expires 2021-12-23

F1 · date: In connection with the Issuer's IPO on October 24, 2014, Mr. Schloss acquired 300,000 warrants, for an aggregate purchase price of $150,000, that could only become eligible for exercise upon consummation of the Issuer's initial business combination. Since the exercise of the warrants was contingent upon the closing of the business combination, these warrants were not reported at the time of acquisition. The acquisition is being reported now in connection with the Issuer's consummation of a business combination on December 23, 2016.

F1 · shares: In connection with the Issuer's IPO on October 24, 2014, Mr. Schloss acquired 300,000 warrants, for an aggregate purchase price of $150,000, that could only become eligible for exercise upon consummation of the Issuer's initial business combination. Since the exercise of the warrants was contingent upon the closing of the business combination, these warrants were not reported at the time of acquisition. The acquisition is being reported now in connection with the Issuer's consummation of a business combination on December 23, 2016.

F1 · price: In connection with the Issuer's IPO on October 24, 2014, Mr. Schloss acquired 300,000 warrants, for an aggregate purchase price of $150,000, that could only become eligible for exercise upon consummation of the Issuer's initial business combination. Since the exercise of the warrants was contingent upon the closing of the business combination, these warrants were not reported at the time of acquisition. The acquisition is being reported now in connection with the Issuer's consummation of a business combination on December 23, 2016.

F2 · derivative.underlying_shares: The exercise price of the warrants is $5.75 per half share. Warrants may only be exercised for whole shares (2 warrants at $11.50 per share).

SEC source: 0000899243-17-000560 · doc4.xml · derivative · entry 4

MIHI LLC · CIK 0001614352 · 10% owner

MACQUARIE GROUP LTD · CIK 0001418333 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,000,000

Underlying: Common Stock · 1,000,000 shares

Expires 2021-12-23

F2 · security: These 2,700,000 common shares of Inspired Entertainment, Inc., formerly known as Hydra Industries Acquisition Corp. (the "Issuer") consist of 500,000 founder shares which are subject to transfer restrictions (as disclosed on under "Transfer restrictions on founder shares" on Form S-1 filed August 19, 2014) and 2,200,000 common shares, which were acquired at the consummation of the Issuer's initial business combination pursuant to the Contingent Forward Purchase Contract, dated October 24, 2014, by and between Hydra Industries Acquisition Corp. and MIHI LLC (the "Contingent Forward Purchase Contract"). Pursuant to the Contingent Forward Purchase Contract, MIHI LLC acquired, for an aggregate purchase price of $20,004,347.83, upon the initial business combination, but in multiple steps, (i) 2,200,000 Issuer common shares, (ii) 2,000,000 warrants to purchase one-half of one share of the Issuer's common stock, at an exercise price of $5.75 per half share,

F3 · security: (continued from Footnote 2) and (iii) 500,000 founder shares of the Issuer. The acquisition of such securities is being reported now in connection with the Issuer's consummation of a business combination on December 23, 2016.

F2 · shares: These 2,700,000 common shares of Inspired Entertainment, Inc., formerly known as Hydra Industries Acquisition Corp. (the "Issuer") consist of 500,000 founder shares which are subject to transfer restrictions (as disclosed on under "Transfer restrictions on founder shares" on Form S-1 filed August 19, 2014) and 2,200,000 common shares, which were acquired at the consummation of the Issuer's initial business combination pursuant to the Contingent Forward Purchase Contract, dated October 24, 2014, by and between Hydra Industries Acquisition Corp. and MIHI LLC (the "Contingent Forward Purchase Contract"). Pursuant to the Contingent Forward Purchase Contract, MIHI LLC acquired, for an aggregate purchase price of $20,004,347.83, upon the initial business combination, but in multiple steps, (i) 2,200,000 Issuer common shares, (ii) 2,000,000 warrants to purchase one-half of one share of the Issuer's common stock, at an exercise price of $5.75 per half share,

F3 · shares: (continued from Footnote 2) and (iii) 500,000 founder shares of the Issuer. The acquisition of such securities is being reported now in connection with the Issuer's consummation of a business combination on December 23, 2016.

F2 · price: These 2,700,000 common shares of Inspired Entertainment, Inc., formerly known as Hydra Industries Acquisition Corp. (the "Issuer") consist of 500,000 founder shares which are subject to transfer restrictions (as disclosed on under "Transfer restrictions on founder shares" on Form S-1 filed August 19, 2014) and 2,200,000 common shares, which were acquired at the consummation of the Issuer's initial business combination pursuant to the Contingent Forward Purchase Contract, dated October 24, 2014, by and between Hydra Industries Acquisition Corp. and MIHI LLC (the "Contingent Forward Purchase Contract"). Pursuant to the Contingent Forward Purchase Contract, MIHI LLC acquired, for an aggregate purchase price of $20,004,347.83, upon the initial business combination, but in multiple steps, (i) 2,200,000 Issuer common shares, (ii) 2,000,000 warrants to purchase one-half of one share of the Issuer's common stock, at an exercise price of $5.75 per half share,

F3 · price: (continued from Footnote 2) and (iii) 500,000 founder shares of the Issuer. The acquisition of such securities is being reported now in connection with the Issuer's consummation of a business combination on December 23, 2016.

F6 · derivative.underlying_shares: The exercise price of the warrants is $5.75 per half share. Warrants may only be exercised for whole shares (2 warrants at $11.50 per share).

F1 · ownership.direct: Macquarie Group Limited is the ultimate indirect parent of MIHI LLC and may be deemed to beneficially own the Issuer's securities held thereby.

SEC source: 0000899243-17-000560 · doc4.xml · derivative · entry 3

MIHI LLC · CIK 0001614352 · 10% owner

MACQUARIE GROUP LTD · CIK 0001418333 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,000,000

Underlying: Common Stock · 250,000 shares

Expires 2021-12-23

F5 · security: Pursuant to the Promissory Note, dated as of March 16, 2016, by and between the Issuer and MIHI LLC, MIHI LLC converted its $250,000 sponsor loan note into 500,000 warrants of the Issuer.

F5 · shares: Pursuant to the Promissory Note, dated as of March 16, 2016, by and between the Issuer and MIHI LLC, MIHI LLC converted its $250,000 sponsor loan note into 500,000 warrants of the Issuer.

F5 · price: Pursuant to the Promissory Note, dated as of March 16, 2016, by and between the Issuer and MIHI LLC, MIHI LLC converted its $250,000 sponsor loan note into 500,000 warrants of the Issuer.

F6 · derivative.underlying_shares: The exercise price of the warrants is $5.75 per half share. Warrants may only be exercised for whole shares (2 warrants at $11.50 per share).

F1 · ownership.direct: Macquarie Group Limited is the ultimate indirect parent of MIHI LLC and may be deemed to beneficially own the Issuer's securities held thereby.

SEC source: 0000899243-17-000560 · doc4.xml · derivative · entry 2

MIHI LLC · CIK 0001614352 · 10% owner

MACQUARIE GROUP LTD · CIK 0001418333 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,500,000

Underlying: Common Stock · 1,750,000 shares

Expires 2021-12-23

F4 · security: As an inducement to the agreement of certain institutional and accredited investors (the "Purchasers") to purchase shares of the Issuer, from public stockholders in advance of the Issuer's proposed business combination, MIHI LLC agreed to transfer for no value 3,500,000 private placement warrants to Hydra Industries Sponsor LLC (the "Sponsor").

F4 · shares: As an inducement to the agreement of certain institutional and accredited investors (the "Purchasers") to purchase shares of the Issuer, from public stockholders in advance of the Issuer's proposed business combination, MIHI LLC agreed to transfer for no value 3,500,000 private placement warrants to Hydra Industries Sponsor LLC (the "Sponsor").

F4 · price: As an inducement to the agreement of certain institutional and accredited investors (the "Purchasers") to purchase shares of the Issuer, from public stockholders in advance of the Issuer's proposed business combination, MIHI LLC agreed to transfer for no value 3,500,000 private placement warrants to Hydra Industries Sponsor LLC (the "Sponsor").

F6 · derivative.underlying_shares: The exercise price of the warrants is $5.75 per half share. Warrants may only be exercised for whole shares (2 warrants at $11.50 per share).

F1 · ownership.direct: Macquarie Group Limited is the ultimate indirect parent of MIHI LLC and may be deemed to beneficially own the Issuer's securities held thereby.

SEC source: 0000899243-17-000560 · doc4.xml · nonDerivative · entry 1

MIHI LLC · CIK 0001614352 · 10% owner

MACQUARIE GROUP LTD · CIK 0001418333 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,023,750

F2 · shares: These 2,700,000 common shares of Inspired Entertainment, Inc., formerly known as Hydra Industries Acquisition Corp. (the "Issuer") consist of 500,000 founder shares which are subject to transfer restrictions (as disclosed on under "Transfer restrictions on founder shares" on Form S-1 filed August 19, 2014) and 2,200,000 common shares, which were acquired at the consummation of the Issuer's initial business combination pursuant to the Contingent Forward Purchase Contract, dated October 24, 2014, by and between Hydra Industries Acquisition Corp. and MIHI LLC (the "Contingent Forward Purchase Contract"). Pursuant to the Contingent Forward Purchase Contract, MIHI LLC acquired, for an aggregate purchase price of $20,004,347.83, upon the initial business combination, but in multiple steps, (i) 2,200,000 Issuer common shares, (ii) 2,000,000 warrants to purchase one-half of one share of the Issuer's common stock, at an exercise price of $5.75 per half share,

F3 · shares: (continued from Footnote 2) and (iii) 500,000 founder shares of the Issuer. The acquisition of such securities is being reported now in connection with the Issuer's consummation of a business combination on December 23, 2016.

F2 · price: These 2,700,000 common shares of Inspired Entertainment, Inc., formerly known as Hydra Industries Acquisition Corp. (the "Issuer") consist of 500,000 founder shares which are subject to transfer restrictions (as disclosed on under "Transfer restrictions on founder shares" on Form S-1 filed August 19, 2014) and 2,200,000 common shares, which were acquired at the consummation of the Issuer's initial business combination pursuant to the Contingent Forward Purchase Contract, dated October 24, 2014, by and between Hydra Industries Acquisition Corp. and MIHI LLC (the "Contingent Forward Purchase Contract"). Pursuant to the Contingent Forward Purchase Contract, MIHI LLC acquired, for an aggregate purchase price of $20,004,347.83, upon the initial business combination, but in multiple steps, (i) 2,200,000 Issuer common shares, (ii) 2,000,000 warrants to purchase one-half of one share of the Issuer's common stock, at an exercise price of $5.75 per half share,

F3 · price: (continued from Footnote 2) and (iii) 500,000 founder shares of the Issuer. The acquisition of such securities is being reported now in connection with the Issuer's consummation of a business combination on December 23, 2016.

F1 · ownership.direct: Macquarie Group Limited is the ultimate indirect parent of MIHI LLC and may be deemed to beneficially own the Issuer's securities held thereby.

SEC source: 0001062993-16-012784 · form4.xml · nonDerivative · entry 2

Polar Asset Management Partners Inc. · CIK 0001326389 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 0

F1 · ownership.nature: Polar Asset Management Partners Inc., a company incorporated under the laws of Ontario, Canada, (the "Reporting Person") serves as investment advisor to Polar Multi-Strategy Master Fund, a Cayman Islands exempted company ("PMSMF") and has sole voting and investment discretion with respect to the securities reported herein which are held by PMSMF. The Reporting Person disclaims beneficial ownership of the securities reported herein, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities and Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.

SEC source: 0001062993-16-012784 · form4.xml · nonDerivative · entry 1

Polar Asset Management Partners Inc. · CIK 0001326389 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 1,098,300

F1 · ownership.nature: Polar Asset Management Partners Inc., a company incorporated under the laws of Ontario, Canada, (the "Reporting Person") serves as investment advisor to Polar Multi-Strategy Master Fund, a Cayman Islands exempted company ("PMSMF") and has sole voting and investment discretion with respect to the securities reported herein which are held by PMSMF. The Reporting Person disclaims beneficial ownership of the securities reported herein, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities and Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.