Phelan Mark T. - 01 Jan 2024 Form 4 Insider Report for Accel Entertainment, Inc. (ACEL)

Role: President, U.S. Gaming
Signature: /s/Derek Harmer, Attorney-in-Fact for Mark T. Phelan
Issuer symbol: ACEL
Transactions as of: 01 Jan 2024
Net transactions value: -$39,098
Form type: 4
Filing time: 03 Jan 2024, 19:34:52 UTC
Previous filing: 18 Dec 2023
Next filing: 16 Jan 2024
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	+6.5%	$0.000000	180,251	01 Jan 2024	Direct
transaction	ACEL	Class A-1 Common Stock	Tax liability	$39,098	-3,807	-2.1%	$10.27	176,444	01 Jan 2024	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	-50%	$0.000000	11,000	01 Jan 2024	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.