What recent Inspired Entertainment share purchases did the 2024 Lorne Weil Trusts II make?

The 2024 Lorne Weil Trusts II bought 50,000 Inspired Entertainment shares from March 25–27, 2026 at an aggregate cost of $340,835, and another 50,000 shares on November 26, 2025 for $406,360. All purchases were funded with trust assets and executed in open-market transactions.

How many vested equity units related to A. Lorne Weil are included in the INSE 13D filing?

The filing includes 1,651,688 vested units, made up of 1,091,272 restricted stock units (RSUs) and 560,416 performance stock units (PSUs). These units are from special sign-on awards granted between 2017 and 2023 and have satisfied vesting conditions but settle upon specific future events.

Inspired Entertainment (INSE) insiders lift stake, extend Weil deal

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

SCHEDULE 13D/A

Rhea-AI Filing Summary

A. Lorne Weil and related parties filed an amended Schedule 13D for Inspired Entertainment, updating their ownership and recent transactions in the company’s common stock.

The filing shows Weil beneficially owning 3,123,238 shares, or 10.9% of the common stock, based on 27,059,573 shares outstanding as of March 5, 2026 plus 1,651,688 vested equity units. Family entities associated with Carly M. Weil and William C. Adams report additional beneficial holdings of 9.8% and 6.7%, respectively. Trusts linked to Weil bought a total of 100,000 shares in November 2025 and March 2026 for $340,835 and $406,360, and the issuer settled equity awards in shares to Weil and Hydralex LLC. The document also notes a third addendum extending Weil’s employment agreement with Inspired Entertainment through December 31, 2028.

Key Figures

Weil beneficial ownership: 3,123,238 shares (10.9%) Carly M. Weil beneficial ownership: 2,816,858 shares (9.8%) William C. Adams beneficial ownership: 1,925,117 shares (6.7%) +4 more

7 metrics

Weil beneficial ownership 3,123,238 shares (10.9%) Inspired Entertainment common stock, based on 27,059,573 shares outstanding as of March 5, 2026 plus vested units

Carly M. Weil beneficial ownership 2,816,858 shares (9.8%) Inspired Entertainment common stock reported as beneficially owned

William C. Adams beneficial ownership 1,925,117 shares (6.7%) Inspired Entertainment common stock reported as beneficially owned

Shares outstanding basis 27,059,573 shares Common stock outstanding as of March 5, 2026 used to calculate ownership percentages

Trust purchases March 2026 50,000 shares for $340,835 A. Lorne Weil 2024 Family Trusts II open-market purchases March 25–27, 2026 including commissions

Trust purchases November 2025 50,000 shares for $406,360 A. Lorne Weil 2024 Family Trusts II open-market purchase on November 26, 2025 including commissions

Vested equity units 1,651,688 units Special sign-on RSUs and PSUs vested for A. Lorne Weil and included in beneficial ownership

Key Terms

beneficially owned, restricted stock units, performance stock units, Schedule 13D, +2 more

6 terms

beneficially owned financial

"The aggregate percentage of shares of Common Stock reported as beneficially owned by each of the Reporting Persons"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

restricted stock units financial

"1,651,688 Units (comprising 1,091,272 RSUs and 560,416 PSUs), which were part of special sign-on awards"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

performance stock units financial

"Such Units (comprising 85,000 RSUs and 104,166 PSUs) settle on a deferred basis as described below in Item 5"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

Schedule 13D regulatory

"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

Adjusted EBITDA financial

"vesting is conditioned on attainment of pre-established performance criteria for 2026 (i.e., Adjusted EBITDA)"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

special sign-on awards financial

"These special sign-on PSUs are subject to performance criteria, comprising (i) 83,334 PSUs conditioned on attainment of Adjusted EBITDA targets"

03/31/2026 - 05:44 PM

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 5)

INSPIRED ENTERTAINMENT, INC.

(Name of Issuer)

Common Stock, Par Value $0.0001 Per Share

(Title of Class of Securities)

45782N108

(CUSIP Number)

A. Lorne Weil
250 West 57th Street, Suite 415,
New York, NY, 10107
(646) 565-3861

Carly M. Weil
3104 E. Camelback Road #2267,
Phoenix, AZ, 85106
(917) 941-2082

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

03/27/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

Item 1.

Security and Issuer

(a)

Title of Class of Securities:

Common Stock, Par Value $0.0001 Per Share

(b)

Name of Issuer:

INSPIRED ENTERTAINMENT, INC.

(c)

Address of Issuer's Principal Executive Offices:

250 West 57th Street, Suite 415, New York,, NEW YORK , 10107.

Item 1 Comment:

This Amendment No. 5 (this "Amendment") amends and supplements the Schedule 13D initially filed with the Securities and Exchange Commission (the "SEC") on June 9, 2017, as amended on January 23, 2018, November 29, 2021, May 23, 2024 and July 2, 2024 (collectively, the "Schedule 13D"). The Schedule 13D, as amended by this Amendment, relates to the common stock, par value $0.0001 per share ("Common Stock"), of Inspired Entertainment, Inc., a corporation formed under the laws of the State of Delaware (the "Issuer"), whose principal executive offices are located at 250 West 57th Street, Suite 415, New York, New York 10107. Capitalized terms used herein and not otherwise defined in this Amendment shall have the meanings set forth in the Schedule 13D. Except as specifically set forth herein, the Schedule 13D remains unmodified.

Item 3.

Source and Amount of Funds or Other Consideration

The information disclosed in Item 4 is incorporated herein by reference.

Item 4.

Purpose of Transaction

Item 4 to the Schedule 13D is hereby amended to add the following information: During the period from March 25, 2026 to March 27, 2026, the A. Lorne Weil 2024 Family Trusts II purchased an aggregate of 50,000 shares of the Issuer's Common Stock at an aggregate cost of $340,835, including brokerage commissions, using assets held by the trusts (the "2024 Lorne Weil Trusts II," successor trusts to certain of the 2010 Children Trusts). During the period from January 2025 to January 2026, as part of the ordinary course vesting of Units, the Issuer issued an aggregate of 49,384 shares of Common Stock to Hydralex LLC in net settlement of an aggregate of 88,568 Units and issued an aggregate of 7,653 shares of Common Stock to Lorne Weil in net settlement of an aggregate of 13,333 Units (the balance was withheld to satisfy the tax withholding requirements associated with the Units). In addition, an aggregate of 189,166 Units subject to the special sign-on grants met the applicable criteria for vesting during the period from December 2024 to March 2026; such Units (comprising 85,000 RSUs and 104,166 PSUs) settle on a deferred basis as described below in Item 5. On November 26, 2025, the 2024 Lorne Weil Trusts II purchased an aggregate of 50,000 shares of the Issuer's Common Stock at an aggregate cost of $406,360, including brokerage commissions, using assets held by the trusts. The securities described in this Schedule 13D are held for investment purposes. Except in Lorne Weil's capacity as the Executive Chairman of the Issuer, no Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein. The Reporting Persons reserve the right to increase or decrease their respective positions in the Issuer through, among other things, the purchase or sale of securities of the Issuer on the open market or in private transactions or otherwise on such terms and at such times as the Reporting Persons may deem advisable. The Reporting Persons reserve the right to change their intention with respect to all matters referred to in this Item 4.

Item 5.

Interest in Securities of the Issuer

(a)

The aggregate percentage of shares of Common Stock reported as beneficially owned by each of the Reporting Persons is based upon (i) 27,059,573 shares of Common Stock outstanding as of March 5, 2026, as reported in the Annual Report on Form 10-K filed by the Issuer with the SEC on March 10, 2026 and (ii) 1,651,688 vested Units, as described below, and does not include any changes to the number of shares outstanding after such date. The information set forth on the cover pages of this Amendment for each Reporting Person includes 1,651,688 Units (comprising 1,091,272 RSUs and 560,416 PSUs), which were part of special sign-on awards granted to Lorne Weil between 2017 and 2023 under the Issuer's equity incentive plans, and which have satisfied the applicable vesting requirements. Settlement of such special sign-on awards does not occur until Lorne Weil's services with the Issuer terminate or in the event of his death or disability, or upon a change in control of the Issuer. Lorne Weil's remaining Units under the Issuer's equity incentive plans (a portion of which are held by Hydralex LLC) comprise an aggregate of 80,001 unvested RSUs and 378,120 unvested PSUs. As such Units are not vested or scheduled to vest within 60 days of the date hereof, the Reporting Persons are not deemed to beneficially own such shares as of the date hereof for purposes of this Schedule 13D and such amounts are not included in the information set forth on the cover pages of this Amendment. Such unvested Units are as follows: - 13,334 RSUs subject to an award granted on March 8, 2024 which are scheduled to vest on December 31, 2026; - 24,000 PSUs subject to an award granted on March 8, 2024 which are scheduled to vest on December 31, 2026; - 26,667 RSUs subject to an award granted on February 11, 2025 which are scheduled to vest in two equal installments on each of December 31, 2026 and December 31, 2027; - 39,536 PSUs subject to an award granted on February 11, 2025 which are scheduled to vest on December 31, 2027; - 40,000 RSUs subject to an award granted on February 24, 2026 which are scheduled to vest in three equal installments on each of December 31, 2026, December 31, 2027 and December 31, 2028; - 40,000 PSUs subject to an award granted on February 24, 2026 as to which vesting is conditioned on attainment of pre-established performance criteria for 2026 (i.e., Adjusted EBITDA) and a time-based vesting schedule through December 31, 2028; and - 274,584 PSUs subject to special sign-on awards granted pursuant to Lorne Weil's Employment Agreement, dated October 9, 2020, as amended on June 21, 2021, January 12, 2023 and January 29, 2025 (as so amended and as may be further amended from time to time, the "Employment Agreement"). These special sign-on PSUs are subject to performance criteria, comprising (i) 83,334 PSUs conditioned on attainment of Adjusted EBITDA targets for the years 2026 and 2027 (41,667 for each year); and (ii) 191,250 PSUs subject to attainment of price targets (81,250 at $17.50, 78,750 at $20.00 and 31,250 at $22.50).

(b)

The securities shown as beneficially owned by Carly M. Weil are comprised of securities held by Hydralex LLC, Angele LLC and three trusts: the 2024 Lorne Weil Trusts, the 2024 Lorne Weil Trusts II and the 2024 Angele Trust (collectively, the "Family Trusts"). Carly M. Weil serves as manager of Hydralex LLC and Angele LLC and acts as investment advisor to the Family Trusts. In such capacities, Carly Weil has voting and dispositive power over the shares held by the Family Trusts and over the membership interests of Hydralex LLC and Angele LLC held by the Family Trusts. Carly Weil also serves as distribution advisor to the 2024 Lorne Weil Trusts II and the 2024 Angele Trust and in those capacities has power to direct the trustee of such trusts to make distributions from the trusts. In addition, Carly Weil and William Adams serve as members of the distribution committee of the 2024 Lorne Weil Trusts and in that capacity, with the investment advisor, have the power to direct the trustee to make distributions from the trusts Lorne Weil is the manager of Woodstock Advisors LLC, the investment manager of the 2024 Lorne Weil Trusts II, and in that capacity has investment discretion for such trusts. Carly Weil and William Adams are married. Lorne Weil is the uncle of Carly Weil. Because of his relationship with Carly Weil, and that he is a beneficiary of the 2024 Lorne Weil Trusts and the 2024 Angele Trust and manager of the investment manager of the 2024 Lorne Weil Trusts II, Lorne Weil may be deemed to share beneficial ownership with respect to shares of Common Stock held by Hydralex LLC, Angele LLC and the Family Trusts. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the beneficial owners of any securities of the Issuer that he or she do not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities of the Issuer reported herein that he or she does not directly own, except to the extent of their pecuniary interest therein. Each of the Reporting Persons disclaim being part of a group, within the meaning of section 13(d)(3) of the Exchange Act.

(c)

None of the Reporting Persons has entered into any transactions in the Common Stock during the past sixty (60) days except for the transactions described in Item 4 of this Amendment. The following sets forth additional information with respect to the purchases of shares of Common Stock during March 2026 by the 2024 Lorne Weil Trusts II. The purchases were effected in the open market. - March 25, 2026: 8,341 shares of Common Stock purchased at a weighted average price per share of $6.66 (exclusive of commission fees) (purchased in multiple transactions at prices ranging from $6.60 to $6.70, inclusive). - March 26, 2026: 21,659 shares of Common Stock purchased at a weighted average price per share of $6.85 (exclusive of commission fees) (purchased in multiple transactions at prices ranging from $6.72 to $7.00, inclusive). - March 27, 2026: 20,000 shares of Common Stock purchased at a weighted average price per share of $6.80 (exclusive of commission fees) (purchased in multiple transactions at prices ranging from $6.61 to $6.91, inclusive).

(d)

Not applicable.

(e)

Not applicable.

Item 6.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Item 6 of the Schedule 13D is hereby amended to add the following information: Employment Agreement On January 29, 2025, the Issuer entered into a Third Addendum to the Employment Agreement with Lorne Weil (the "Weil Addendum") which extended the term of his employment with the Issuer to December 31, 2028. The description of the Weil Addendum is qualified in its entirety by reference to the full text of the Weil Addendum, a copy of which is attached as Exhibit 99.1 to this Amendment and is incorporated herein by reference.

Item 7.

Material to be Filed as Exhibits.

Item 7 to the Schedule 13D is hereby amended to add the following information: 99.1 Addendum, effective January 1, 2025, to the Employment Agreement dated October 9, 2020, as amended, by and between the Issuer and A. Lorne Weil (incorporated herein by reference to Exhibit 10.1 to the Current Report on Form 8-K of the Issuer, filed with the SEC on February 4, 2025).

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

A. Lorne Weil

Signature:	/s/ A. Lorne Weil
Name/Title:	A. Lorne Weil
Date:	03/31/2026

Carly M. Weil

Signature:	/s/ Carly Weil
Name/Title:	Carly Weil
Date:	03/31/2026

William C. Adams

Signature:	/s/ William C. Adams
Name/Title:	William C. Adams
Date:	03/31/2026

Source: View Original Filing on SEC EDGAR

FAQ

How much of Inspired Entertainment (INSE) does A. Lorne Weil now beneficially own?

A. Lorne Weil is reported as beneficially owning 3,123,238 shares of Inspired Entertainment common stock, representing 10.9% of the class. This percentage is calculated using 27,059,573 shares outstanding as of March 5, 2026 plus 1,651,688 vested equity units.

What are the beneficial ownership stakes of Carly M. Weil and William C. Adams in INSE?

Carly M. Weil is reported as beneficially owning 2,816,858 shares, or 9.8% of Inspired Entertainment’s common stock. William C. Adams is reported as beneficially owning 1,925,117 shares, representing 6.7% of the common stock, through interests linked to family entities and trusts.

What unvested RSUs and PSUs tied to A. Lorne Weil are described in the INSE filing?

The document lists 80,001 unvested RSUs and 378,120 unvested PSUs for A. Lorne Weil. These awards vest between December 31, 2026 and December 31, 2028, subject to time-based schedules and performance criteria, including Adjusted EBITDA and specified share price targets.

How long does A. Lorne Weil’s employment agreement with Inspired Entertainment now run?

A third addendum to A. Lorne Weil’s employment agreement extends his term with Inspired Entertainment through December 31, 2028. This addendum, effective January 1, 2025, is incorporated by reference and is attached as an exhibit to the amended Schedule 13D filing.