Accel Entertainment, Inc. — Director's Dealing 2022

Mar 17, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Accel Entertainment, Inc. (ACEL)
CIK: 0001698991
Period of Report: 2022-03-14

Reporting Person: Ruttenberg David W. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-15	Class A-1 Common Stock	S	11880	$12.9956	Disposed	634647	Indirect
2022-03-16	Class A-1 Common Stock	S	8120	$13.2181	Disposed	626527	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-14	Restricted Stock Unit (RSU)	$	A	7867	Acquired		Class A-1 Common Stock (7867.0)	Direct
2022-03-14	Restricted Stock Unit (RSU)	$	A	7081	Acquired		Class A-1 Common Stock (7081.0)	Direct

Footnotes

F1: The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.60 to $13.20, 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.

F3: Securities are held by Grant Place Fund LLC, of which the Reporting Person is the Manager. The Reporting Person disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.03 to $13.33, 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.

F5: 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.

F6: 100% of the RSUs will vest on December 31, 2022, subject to the Reporting Person's continued service to the Issuer on the vesting date.

F7: Represents RSUs granted pursuant to the Reporting Person's election to defer receipt of his or her annual cash retainer and chair/committee member fees in the form of RSUs. 100% of the RSUs will vest on December 31, 2022, subject to the Reporting Person's continued service to the Issuer on the vesting date.