PIERCE BROOKS H 4

What Happened

• Brooks H. Pierce, President and CEO of Inspired Entertainment (INSE), made open-market purchases totaling 20,000 shares between March 25–27, 2026. The purchases were: 1,668 shares on 2026-03-25 ($6.66 WAP, $11,109), 13,332 shares on 2026-03-26 ($6.88 WAP, $91,724), and 5,000 shares on 2026-03-27 (~$6.76 WAP, $33,800). Total cash outlay across the three purchases was about $136,633. These were purchases (buying stock), a transaction type often viewed as a more direct signal of an insider adding to their position.

Key Details

• Filing date: 2026-03-27; Period of Report begins 2026-03-25. Filing appears timely.
• Transactions/dates and reported weighted-average prices:
  • 2026-03-25: 1,668 shares @ $6.66 (total ~$11,109). (Footnote F1: actual prices ranged $6.60–$6.70.)
  • 2026-03-26: 13,332 shares @ $6.88 (total ~$91,724). (Footnote F2: actual prices ranged $6.80–$7.00.)
  • 2026-03-27: 5,000 shares @ $6.76 (total ~$33,800). (Footnote F3: actual prices ranged $6.65–$6.89.)
• Aggregate: 20,000 shares purchased for ~ $136,633.
• Shares owned after the transactions: Not specified in the data you provided from the Form 4.
• Notable footnotes:
  • F1–F3 explain the reported prices are weighted averages across multiple executions and the filer will provide detailed per-trade prices on request.
  • F4 notes the reporting person is trustee and sole annuitant of a GRAT (grantor retained annuity trust); this can indicate some holdings are held via a trust vehicle.

Context

• These were open-market purchases (transaction code P). Purchases by CEOs are generally of interest to retail investors because they can indicate the insider is adding to exposure, though they don't prove future performance.
• No derivative exercises, gifts, or sales were reported in these entries; this was a straightforward cash purchase sequence.
• The filing shows routine insider purchase activity and was submitted on the same day as the last reported purchase.