Mark T. Phelan - 01 Jan 2023 Form 4 Insider Report for Accel Entertainment, Inc. (ACEL)

Role: Chief Revenue Officer
Signature: /s/ Derek Harmer, Attorney-in-fact for Mark T. Phelan
Issuer symbol: ACEL
Transactions as of: 01 Jan 2023
Net transactions value: $0
Form type: 4
Filing time: 04 Jan 2023, 17:48:01 UTC
Previous filing: 17 Oct 2022
Next filing: 18 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACEL	Class A-1 Common Stock	Options Exercise	$0	+11,000	+7.3%	$0.000000	160,951	01 Jan 2023	Direct
transaction	ACEL	Class A-1 Common Stock	Tax liability	$0	-3,559	-2.2%	$0.000000	157,392	01 Jan 2023	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
transaction	ACEL	Restricted Stock Units (RSU)	Options Exercise	$0	-11,000	-33%	$0.000000	22,000	01 Jan 2023	Class A-1 Common Stock	11,000		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	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.
F2	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.