Michael Joseph Marino - Mar 7, 2022 Form 4 Insider Report for Accel Entertainment, Inc. (ACEL)

Role
Chief Commerical Officer
Signature
/s/ Derek Harmer as attorney-in-fact for Michael Joseph Marino
Stock symbol
ACEL
Transactions as of
Mar 7, 2022
Transactions value $
-$321,549
Form type
4
Date filed
3/9/2022, 05:35 PM
Previous filing
Jan 14, 2022
Next filing
Mar 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACEL Class A-1 Common Stock Options Exercise $38.1K +4.05K +10.3% $9.41 43.3K Mar 7, 2022 Direct
transaction ACEL Class A-1 Common Stock Options Exercise $0 +80.1K +184.72% $0.00 123K Mar 8, 2022 Direct
transaction ACEL Class A-1 Common Stock Tax liability -$322K -24.3K -19.71% $13.22 99.1K Mar 9, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ACEL Employee Stock Option (Right to Buy) Options Exercise -$38.1K -4.05K -9.32% $9.41 39.4K Mar 7, 2022 Class A-1 Common Stock 4.05K $9.41 Direct F2
transaction ACEL Restricted Stock Units (RSU) Options Exercise $0 -80.1K -25% $0.00 240K Mar 8, 2022 Class A-1 Common Stock 80.1K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.85 to $13.53, inclusive. The Reporting Person undertakes to provide to 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 ranges set forth herein.
F2 1/4 of the total shares underlying the option will vest on July 13, 2021, and the remainder will vest as to 1/16 of the total award in quarterly installments thereafter, subject to the Reporting Person's continuing service to the Issuer on each vesting date.
F3 Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Class A-1 Common Stock upon settlement for no consideration.
F4 1/4 of the RSUs will vest on March 8, 2022, and the remainder will vest as to 1/12 of the remaining award quarterly thereafter, subject to the Reporting Person's continuing service to the Issuer on each vesting date.