Accel Entertainment (ACEL) officer details stock trades and RSU activity

Rhea-AI Filing Summary

Accel Entertainment, Inc. officer Mark T. Phelan, President, U.S. Gaming, reported equity transactions in the company’s Class A-1 Common Stock. On December 14, 2025, he acquired 1,784 shares at $0 and disposed of 523 shares at $11.3 per share.

Following these transactions, he directly owned 218,298 Class A-1 Common shares and 1,784 restricted stock units. Each RSU represents the right to receive one share for no consideration, with one quarter of the award vesting on March 14, 2023 and the remainder vesting in quarterly installments thereafter, subject to his continued service to the company.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Phelan Mark T.

(Last) (First) (Middle)

C/O ACCEL ENTERTAINMENT, INC.

140 TOWER DRIVE

(Street)

BURR RIDGE IL 60527

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Accel Entertainment, Inc. [ ACEL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, U.S. Gaming

3. Date of Earliest Transaction (Month/Day/Year)
12/14/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A-1 Common Stock	12/14/2025		M		1,784	A	$0	218,821	D
Class A-1 Common Stock	12/14/2025		F		523	D	$11.3	218,298	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit (RSU)	(1)	12/14/2025		M			1,784	(2)	(2)	Class A-1 Common Stock	1,784	$0	1,784	D

Explanation of Responses:

1. 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.

2. 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.

Remarks:

	/s/Derek Harmer, Attorney-in-Fact for Mark T. Phelan	12/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider stock transactions did Accel Entertainment (ACEL) report for Mark T. Phelan?

On December 14, 2025, Mark T. Phelan reported acquiring 1,784 shares of Accel Entertainment Class A-1 Common Stock at $0 and disposing of 523 shares at $11.3 per share.

How many Accel Entertainment (ACEL) shares does Mark T. Phelan own after this filing?

After the reported transactions, Mark T. Phelan directly owned 218,298 shares of Accel Entertainment Class A-1 Common Stock, as well as 1,784 restricted stock units tied to the same class of shares.

What position does Mark T. Phelan hold at Accel Entertainment (ACEL)?

Mark T. Phelan is an officer of Accel Entertainment and serves as President, U.S. Gaming, as indicated in the ownership report.

What are the key terms of the restricted stock units reported by Accel Entertainment (ACEL)?

Each restricted stock unit (RSU) gives Mark T. Phelan a contingent right to receive 1 share of Accel Entertainment Class A-1 Common Stock upon settlement for no consideration.

How do the Accel Entertainment (ACEL) RSUs held by Mark T. Phelan vest?

According to the filing, 1/4 of the RSUs vest on March 14, 2023, and the remainder vest in 1/16 increments of the total award in quarterly installments thereafter, subject to his continued service to Accel Entertainment.

What type of SEC filing disclosed Mark T. Phelan’s Accel Entertainment (ACEL) stock transactions?

The transactions and holdings for Mark T. Phelan in Accel Entertainment Class A-1 Common Stock and RSUs were disclosed in a Form 4, which reports changes in beneficial ownership by company insiders.