Mark T. Phelan - 14 Mar 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: 14 Mar 2023
Net transactions value: -$17,167
Form type: 4
Filing time: 16 Mar 2023, 21:30:58 UTC
Previous filing: 18 Jan 2023
Next filing: 14 Apr 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	+7,136	+4.5%	$0.000000	165,217	14 Mar 2023	Direct
transaction	ACEL	Class A-1 Common Stock	Tax liability	$17,167	-1,931	-1.2%	$8.89	163,286	14 Mar 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 Unit (RSU)	Options Exercise	$0	-7,136	-25%	$0.000000	21,408	14 Mar 2023	Class A-1 Common Stock	7,136		Direct	F1, F2
transaction	ACEL	Restricted Stock Unit (RSU)	Award	$0	+31,638		$0.000000	31,638	15 Mar 2023	Class A-1 Common Stock	31,638		Direct	F1, F3

* 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	1/4 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.
F3	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.