[Form 4] Accel Entertainment, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Accel Entertainment CEO and President Andrew H. Rubenstein reported a mix of equity award settlements, tax withholdings, a gift, and a modest share sale. On March 14–15, he exercised performance-based and time-based restricted stock units into a total of 165,955 shares of Class A-1 common stock. To cover tax obligations, the issuer withheld 70,080 shares at prices referenced at $11.29 per share. On March 16, Rubenstein made an open-market sale of 36,062 shares at a weighted average price of $11.2149 per share, with individual trades ranging from $11.13 to $11.39, and also completed a bona fide gift of 7,125 shares. After these transactions, he directly holds 3,960,306 shares of Class A-1 common stock.

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

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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).

X

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^*

Rubenstein Andrew H.

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and President

3. Date of Earliest Transaction (Month/Day/Year)
03/14/2026

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	03/14/2026		M		102,030	A	$0	4,009,648	D
Class A-1 Common Stock	03/14/2026		F		44,486	D	$11.29	3,965,162	D
Class A-1 Common Stock	03/14/2026		M		6,958	A	$0	3,972,120	D
Class A-1 Common Stock	03/14/2026		F		1,990	D	$11.29	3,970,130	D
Class A-1 Common Stock	03/14/2026		M		30,132	A	$0	4,000,262	D
Class A-1 Common Stock	03/14/2026		F		11,903	D	$11.29	3,988,359	D
Class A-1 Common Stock	03/15/2026		M		26,835	A	$0	4,015,194	D
Class A-1 Common Stock	03/15/2026		F		11,701	D	$11.29	4,003,493	D
Class A-1 Common Stock	03/16/2026		G		7,125	D	$0	3,996,368	D
Class A-1 Common Stock	03/16/2026		S		36,062	D	$11.2149(1)	3,960,306	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
Performance-based Restricted Stock Unit (PSU)	(2)	03/14/2026		M			102,030	(2)	(2)	Class A-1 Common Stock	102,030	$0	418,217	D
Restricted Stock Unit (RSU)	(3)	03/14/2026		M			30,132	(4)	(4)	Class A-1 Common Stock	30,132	$0	0	D
Restricted Stock Unit (RSU)	(3)	03/14/2026		M			6,958	(5)	(5)	Class A-1 Common Stock	6,958	$0	0	D
Restricted Stock Unit (RSU)	(3)	03/15/2026		M			26,835	(4)	(4)	Class A-1 Common Stock	26,835	$0	26,835	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.13 to $11.39, 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.

2. Each performance-based restricted stock unit ("PSU") represents the contingent right to receive one share of the Issuer's Class A-1 common stock upon settlement for no consideration. The PSUs vest subject to the Reporting Person's continued service to the Issuer through April 27, 2026 and the Issuer's Class A-1 common stock achieving specified price per share targets.

3. 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.

4. 1/3 of the shares underlying the RSUs will vest on each of the first three anniversaries of the grant date, in each case subject to the Reporting Person's continued service to the Issuer on each vesting date.

5. 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 Andrew Rubenstein	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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