Mark T. Phelan - Dec 3, 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
Stock symbol: ACEL
Transactions as of: Dec 3, 2024
Transactions value $: -$57,561
Form type: 4
Date filed: 12/4/2024, 07:28 PM
Previous filing: Sep 17, 2024
Next filing: Dec 17, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACEL	Class A-1 Common Stock	Options Exercise	$50.2K	+9.58K	+5.05%	$5.24	199K	Dec 3, 2024	Direct
transaction	ACEL	Class A-1 Common Stock	Sale	-$112K	-9.58K	-4.8%	$11.65	190K	Dec 3, 2024	Direct	F1
transaction	ACEL	Class A-1 Common Stock	Options Exercise	$3.86K	+736	+0.39%	$5.24	191K	Dec 4, 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	Employee Stock Option (Right to Buy)	Options Exercise	$0	-9.58K	-92.86%	$0.00	736	Dec 3, 2024	Class A-1 Common Stock	9.58K	$5.24	Direct	F2
transaction	ACEL	Employee Stock Option (Right to Buy)	Options Exercise	$0	-736	-100%	$0.00	0	Dec 4, 2024	Class A-1 Common Stock	736	$5.24	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.65 to $11.675, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F2	Represents unvested options that were converted into stock options exercisable for Class A-1 shares in connection with the transaction with TPG Pace Holdings Corp., which will vest in accordance with the vesting schedule as in effect prior to the transaction, such that 1/4 of the total award will vest on December 11, 2020, and the remainder will vest as to 1/4 of the total award annually thereafter, subject to the Reporting Person's continued service to the issuer on each vesting date.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.65 to $11.675, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Represents unvested options that were converted into stock options exercisable for Class A-1 shares in connection with the transaction with TPG Pace Holdings Corp., which will vest in accordance with the vesting schedule as in effect prior to the transaction, such that 1/4 of the total award will vest on December 11, 2020, and the remainder will vest as to 1/4 of the total award annually thereafter, subject to the Reporting Person's continued service to the issuer on each vesting date.