Accel Entertainment, Inc. — Director's Dealing 2024

Mar 20, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Accel Entertainment, Inc. (ACEL)
CIK: 0001698991
Period of Report: 2024-03-15

Reporting Person: Ruttenberg David W. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-03-15	Class A-1 Common Stock	S	12500	$11.343	Disposed	454045	Indirect
2024-03-15	Class A-1 Common Stock	S	12500	$11.3441	Disposed	594027	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-03-15	Restricted Stock Unit (RSU)	$	A	12184	Acquired		Class A-1 Common Stock (12184)	Direct
2024-03-15	Restricted Stock Unit (RSU)	$	A	9429	Acquired		Class A-1 Common Stock (9429)	Direct

Footnotes

F1: The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 15, 2023 (and to which each of Crilly Court Trust and Grant Place Fund LLC is a party). 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: Securities are held by the Crilly Court Trust, of which the Reporting Person is a beneficiary. 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.

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: 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.

F5: 100% of the RSUs will vest on December 31, 2024, subject to the Reporting Person's continued service to the Issuer on the vesting date.

F6: Represents RSUs granted pursuant to the Reporting Person's election to defer receipt of his or her annual cash retainer and chair and/or committee member fees in the form of RSUs. 100% of the RSUs will vest on December 31, 2024, subject to the Reporting Person's continued service to the Issuer on the vesting date.