Derek Harmer - Mar 14, 2023 Form 4 Insider Report for Accel Entertainment, Inc. (ACEL)

Role
Secretary
Signature
/s/ Derek Harmer
Stock symbol
ACEL
Transactions as of
Mar 14, 2023
Transactions value $
-$44,601
Form type
4
Date filed
3/16/2023, 09:30 PM
Previous filing
Jan 18, 2023
Next filing
Mar 31, 2023

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 +7.39K +3.9% $0.00 197K Mar 14, 2023 Direct
transaction ACEL Class A-1 Common Stock Tax liability -$19.2K -2.17K -1.1% $8.89 195K Mar 14, 2023 Direct
transaction ACEL Class A-1 Common Stock Options Exercise $0 +2.02K +1.04% $0.00 197K Mar 16, 2023 Direct
transaction ACEL Class A-1 Common Stock Tax liability -$5.27K -593 -0.3% $8.88 196K Mar 16, 2023 Direct
transaction ACEL Class A-1 Common Stock Sale -$20.1K -2.23K -1.14% $9.00 194K Mar 16, 2023 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 Restricted Stock Unit (RSU) Options Exercise $0 -7.39K -25% $0.00 22.2K Mar 14, 2023 Class A-1 Common Stock 7.39K Direct F2, F3
transaction ACEL Restricted Stock Unit (RSU) Award $0 +20.4K $0.00 20.4K Mar 15, 2023 Class A-1 Common Stock 20.4K Direct F2, F4
transaction ACEL Restricted Stock Units (RSU) Options Exercise $0 -2.02K -11.11% $0.00 16.2K Mar 16, 2023 Class A-1 Common Stock 2.02K Direct F2, F5
* 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 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 1/4 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.
F4 1/3 of the shares underlying the RSUs will vest on each of the first three anniversaries of the grant date, in each case subject to the Reporting Person's continued service to the Issuer on each vesting date.
F5 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 continued service to the Issuer on each vesting date.