David W. Ruttenberg - Mar 14, 2022 Form 4 Insider Report for Accel Entertainment, Inc. (ACEL)

Role: Director
Signature: /s/ Derek Harmer, Attorney-in-fact for David W. Ruttenberg
Stock symbol: ACEL
Transactions as of: Mar 14, 2022
Transactions value $: -$261,719
Form type: 4
Date filed: 3/16/2022, 07:34 PM
Previous filing: Nov 5, 2021
Next filing: Apr 20, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACEL	Class A-1 Common Stock	Sale	-$154K	-11.9K	-1.84%	$13.00	635K	Mar 15, 2022	See Footnote	F1, F2, F3
transaction	ACEL	Class A-1 Common Stock	Sale	-$107K	-8.12K	-1.28%	$13.22	627K	Mar 16, 2022	See Footnote	F1, F3, F4

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	Restricted Stock Unit (RSU)	Award	$0	+7.87K		$0.00	7.87K	Mar 14, 2022	Class A-1 Common Stock	7.87K		Direct	F5, F6
transaction	ACEL	Restricted Stock Unit (RSU)	Award	$0	+7.08K		$0.00	7.08K	Mar 14, 2022	Class A-1 Common Stock	7.08K		Direct	F5, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.60 to $13.20, 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.
F3	Securities are held by Grant Place Fund LLC, of which the Reporting Person is the Manager. The Reporting Person disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F4	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.03 to $13.33, 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.
F5	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.
F6	100% of the RSUs will vest on December 31, 2022, subject to the Reporting Person's continued service to the Issuer on the vesting date.
F7	Represents RSUs granted pursuant to the Reporting Person's election to defer receipt of his or her annual cash retainer and chair/committee member fees in the form of RSUs. 100% of the RSUs will vest on December 31, 2022, subject to the Reporting Person's continued service to the Issuer on the vesting date.