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

Rhea-AI Filing Summary

Brett Andrew Summerer, Chief Financial Officer of Accel Entertainment, Inc. (ACEL), was granted 40,000 restricted stock units (RSUs) on 09/22/2025. Each RSU represents a contingent right to receive one share of the company’s Class A-1 Common Stock upon settlement for no consideration. The RSUs vest in two equal tranches: 20,000 RSUs vest on September 22, 2027, and 20,000 RSUs vest on September 22, 2028, subject to Mr. Summerer’s continued service. Following the grant, Mr. Summerer beneficially owns 40,000 shares (direct). The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/24/2025.

Positive

• 40,000 RSUs granted to the CFO, indicating executive equity participation
• Clear vesting schedule: 50% on 09/22/2027 and 50% on 09/22/2028, supporting retention

Negative

• None.

Insights

Compensation/Corporate Governance Analyst

TL;DR: A time-based RSU grant aligns CFO incentives with shareholder outcomes; vesting schedule is standard for multi-year retention.

The 40,000 RSU award is a time-based grant that vests 50% in 2027 and 50% in 2028 and settles into Class A-1 Common Stock for no cash consideration. This structure ties long-term executive compensation to share performance and continued service. The Form 4 reports direct beneficial ownership of 40,000 shares post-grant and is executed by an attorney-in-fact. Based solely on the filing, the grant appears routine for executive compensation without additional performance conditions disclosed.

Securities/Insider Transactions Specialist

TL;DR: Insider reported a standard equity grant; transaction is informational with limited immediate market impact.

The filing documents acquisition of 40,000 RSUs on 09/22/2025 with settlement into Class A-1 Common Stock and a $0 settlement price per the disclosure. The reporting person’s status is CFO and the Form 4 indicates direct ownership after the award. The signature was provided by an attorney-in-fact on 09/24/2025. There are no dispositions or derivative instruments reported, and no additional transaction codes or prices beyond the RSU grant were included.

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).

1. Name and Address of Reporting Person^*

Summerer Brett Andrew

(Last) (First) (Middle)

140 TOWER DR.

(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)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025

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

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)	09/22/2025		A		40,000		(2)	(2)	Class A-1 Common Stock	40,000	$0	40,000	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. 1/2 of the RSUs will vest on September 22, 2027, and the remainder will vest on September 22, 2028, subject to the Reporting Person's continuing service to the Issuer on each vesting date.

Remarks:

	/s/ Derek Harmer, Attorney-in-fact for Brett Summerer	09/24/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did ACEL report for Brett Summerer?

The Form 4 reports a grant of 40,000 restricted stock units (RSUs) to Brett Summerer on 09/22/2025.

When do the RSUs granted to the ACEL CFO vest?

The RSUs vest in two equal tranches: 20,000 on 09/22/2027 and 20,000 on 09/22/2028, subject to continued service.

How many shares does Brett Summerer beneficially own after this transaction?

Following the reported transaction, the Form 4 shows 40,000 shares beneficially owned (direct).

What class of stock will the RSUs settle into for ACEL?

Each RSU converts to one share of Class A-1 Common Stock upon settlement for no consideration.

Who signed the Form 4 for Brett Summerer and when?

The Form 4 was signed by Derek Harmer, Attorney-in-fact for Brett Summerer on 09/24/2025.