Andrew H. Rubenstein - 14 Jun 2024 Form 4 Insider Report for Accel Entertainment, Inc. (ACEL)

Role
CEO and President, Director, 10%+ Owner
Signature
/s/ Derek Harmer, Attorney-in-Fact for Andrew Rubenstein
Issuer symbol
ACEL
Transactions as of
14 Jun 2024
Net transactions value
-$54,661
Form type
4
Filing time
18 Jun 2024, 19:19:53 UTC
Previous filing
23 May 2024
Next filing
16 Jul 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 +6,957 +0.16% $0.000000 4,249,033 14 Jun 2024 Direct
transaction ACEL Class A-1 Common Stock Tax liability $30,158 -3,034 -0.07% $9.94 4,245,999 14 Jun 2024 Direct
transaction ACEL Class A-1 Common Stock Gift $0 -1,180 -0.03% $0.000000 4,244,819 14 Jun 2024 Direct
transaction ACEL Class A-1 Common Stock Sale $170 -17 -0% $10.01 4,244,802 14 Jun 2024 Direct F1
transaction ACEL Class A-1 Common Stock Options Exercise $0 +5,614 +0.13% $0.000000 4,250,416 16 Jun 2024 Direct
transaction ACEL Class A-1 Common Stock Tax liability $24,333 -2,448 -0.06% $9.94 4,247,968 16 Jun 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 Unit (RSU) Options Exercise $0 -6,957 -12% $0.000000 48,704 14 Jun 2024 Class A-1 Common Stock 6,957 Direct F2, F3
transaction ACEL Restricted Stock Units (RSU) Options Exercise $0 -5,614 -25% $0.000000 16,841 16 Jun 2024 Class A-1 Common Stock 5,614 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 15, 2024. The 10b5-1 plan included a representation from the Reporting Person to the broker administering the plan that the Reporting Person was not in possession of any material nonpublic information regarding the Issuer or the securities subject to the plan. That representation was made as of the date of the adoption of the 10b5-1 plan, and speaks only as of that date. In making that representation, there is no assurance with respect to any material nonpublic information of which the Reporting Person was unaware, or with respect to any material nonpublic information acquired by the Reporting Person after the date of the representation.
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 1/4 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.