Accel Entertainment (ACEL) CAO exercises stock options, withholds shares for tax

Rhea-AI Filing Summary

Accel Entertainment Chief Accounting Officer Christen Kozlik exercised employee stock options to acquire shares of Class A-1 common stock. Kozlik exercised options for 1,875 shares at a conversion price of $7.80 per share. To cover tax obligations, 550 of the resulting shares were disposed of at $11.29 per share through a tax-withholding transaction, which is not an open-market sale. Net of withholding, Kozlik added 1,325 shares and now directly holds 13,231 shares of Class A-1 common stock and 18,125 employee stock options following the transactions.

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).

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^*

Kozlik Christen

(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 Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

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	03/15/2026		M		1,875	A	$0	13,781	D
Class A-1 Common Stock	03/15/2026		F		550	D	$11.29	13,231	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
Employee Stock Option (Right to Buy)	$7.8	03/15/2026		M			1,875	(1)	12/15/2032	Class A-1 Common Stock	1,875	$0	18,125	D

Explanation of Responses:

1. 1/4 of the total shares underlying the option will vest on December 15, 2024, and the remainder will vest in eight equal 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 Christen Kozlik	03/16/2026
	** 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.
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FAQ

What did Accel Entertainment (ACEL) executive Christen Kozlik report on this Form 4?

Christen Kozlik reported exercising employee stock options for 1,875 shares of Accel Entertainment Class A-1 common stock. A portion of the resulting shares was withheld to satisfy tax obligations, and the remaining shares increased Kozlik’s direct equity stake in the company.

How many Accel Entertainment shares did Christen Kozlik effectively gain from the option exercise?

Kozlik exercised options for 1,875 shares, then 550 shares were disposed of to cover tax liabilities at $11.29 per share. This left a net increase of 1,325 Class A-1 common shares, which are now held directly as part of Kozlik’s ownership position.

What does the F transaction code mean in this Accel Entertainment Form 4?

The F code indicates a disposition of shares to pay an exercise price or tax liability. Here, 550 Accel Entertainment shares were delivered for tax withholding purposes, meaning they were used to satisfy taxes owed rather than representing an open-market sale for investment reasons.

What are Christen Kozlik’s Accel Entertainment holdings after these transactions?

After these transactions, Kozlik directly holds 13,231 shares of Accel Entertainment Class A-1 common stock. In addition, 18,125 employee stock options remain outstanding, reflecting a continued compensation-linked exposure to the company’s equity alongside the increased direct share ownership.

At what price were the Accel Entertainment options exercised by Christen Kozlik?

The employee stock options were exercised at a conversion price of $7.80 per share. This fixed exercise price is defined in the option agreement and allowed Kozlik to acquire 1,875 Accel Entertainment Class A-1 common shares as part of the overall equity compensation package.

What is Christen Kozlik’s role at Accel Entertainment (ACEL) related to this Form 4?

Christen Kozlik serves as Chief Accounting Officer at Accel Entertainment. The reported transactions involve equity compensation in the form of employee stock options and related tax-withholding dispositions, which are common components of senior finance executives’ pay structures at publicly traded companies.