Michael Joseph Marino - 16 Mar 2022 Form 4 Insider Report for Accel Entertainment, Inc. (ACEL)

Role
Chief Commerical Officer
Signature
/s/ Derek Harmer as attorney-in-fact for Michael Joseph Marino
Issuer symbol
ACEL
Transactions as of
16 Mar 2022
Transactions value $
-$71,073
Form type
4
Date filed
18 Mar 2022, 18:19
Previous filing
16 Mar 2022
Next filing
15 Apr 2022
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 +6.07K +6.13% $0.00 105K 16 Mar 2022 Direct
transaction ACEL Class A-1 Common Stock Options Exercise $0 +6.07K +5.78% $0.00 111K 16 Mar 2022 Direct
transaction ACEL Class A-1 Common Stock Tax liability -$71.1K -5.64K -5.07% $12.61 106K 17 Mar 2022 Direct F1

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 -6.07K -25% $0.00 18.2K 16 Mar 2022 Class A-1 Common Stock 6.07K Direct F2, F3
transaction ACEL Restricted Stock Unit (RSU) Options Exercise $0 -6.07K -25% $0.00 18.2K 16 Mar 2022 Class A-1 Common Stock 6.07K Direct F2, F3
* 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 $12.60 to $12.645, 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 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 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.