Mathew Scot Ellis - 01 May 2022 Form 3 Insider Report for Accel Entertainment, Inc. (ACEL)

Role: Chief Financial Officer
Signature: /s/ Derek Harmer, Attorney-in-fact for Mathew Ellis
Issuer symbol: ACEL
Transactions as of: 01 May 2022
Net transactions value: $0
Form type: 3
Filing time: 16 May 2022, 18:16:49 UTC
Next filing: 17 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ACEL	Class A-1 Common Stock						16,642	01 May 2022	Direct

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
holding	ACEL	Restricted Stock Units (RSU)							01 May 2022	Class A-1 Common Stock	30,000		Direct	F1, F2
holding	ACEL	Employee Stock Option (Right to Buy)							01 May 2022	Class A-1 Common Stock	30,000	$12.25	Direct	F3
holding	ACEL	Restricted Stock Units (RSU)							01 May 2022	Class A-1 Common Stock	8,842		Direct	F2, F4
holding	ACEL	Employee Stock Option (Right to Buy)							01 May 2022	Class A-1 Common Stock	11,789	$11.88	Direct	F5
holding	ACEL	Restricted Stock Units (RSU)							01 May 2022	Class A-1 Common Stock	12,738		Direct	F2, F6
holding	ACEL	Employee Stock Option (Right to Buy)							01 May 2022	Class A-1 Common Stock	12,378	$12.71	Direct	F7
holding	ACEL	Restricted Stock Units (RSU)							01 May 2022	Class A-1 Common Stock	50,000		Direct	F2, F8
holding	ACEL	Employee Stock Option (Right to Buy)							01 May 2022	Class A-1 Common Stock	50,000	$12.02	Direct	F9

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

Explanation of Responses:

Id	Content
F1	1/3 of the RSUs will vest on January 1, 2023, and the remainder will vest as to 1/3 of the total award annually thereafter, subject to the Reporting Person's continuing service to the Issuer on each vesting date.
F2	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.
F3	1/3 of the total shares underlying the option will vest on January 1, 2023, and the remainder will vest as to 1/3 of the total award annually thereafter, subject to the Reporting Person's continuing service to the Issuer on each vesting date.
F4	1/4 of the RSUs will vest on March 16, 2022, 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.
F5	1/4 of the total shares underlying the option will vest on March 16, 2022, 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.
F6	1/4 of the RSUs will vest on March 14, 2023, 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.
F7	1/4 of the total shares underlying the option will vest on March 14, 2023, 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.
F8	1/4 of the RSUs will vest on April 28, 2024, and the remainder will vest as to 1/12 of the total award in quarterly installments thereafter, subject to the Reporting Person's continuing service to the Issuer on each vesting date.
F9	1/4 of the total shares underlying the option will vest on April 28, 2024, and the remainder will vest as to 1/12 of the total award in quarterly installments thereafter, subject to the Reporting Person's continuing service to the Issuer on each vesting date.