Accel Entertainment (ACEL) officer discloses 10,000-share stock sale under plan

Rhea-AI Filing Summary

Accel Entertainment, Inc. officer and secretary Derek Harmer reported RSU vesting and share transactions in an insider ownership update. On 12/14/2025, 1,847 shares of Class A-1 common stock were acquired at $0 upon settlement of restricted stock units, and 542 shares were disposed of at $11.30 per share. On 12/15/2025, he sold 10,000 Class A-1 shares at $11.11 per share, leaving him with 204,917 Class A-1 shares held directly.

The sale was made under a Rule 10b5-1 trading plan adopted on December 13, 2024, which included a representation that he was not in possession of material nonpublic information as of the adoption date, with no assurance about information he did not know or that was acquired later. The filing also notes that each restricted stock unit represents a contingent right to receive one share of Class A-1 common stock for no consideration, subject to a time-based vesting schedule and continued service.

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^*

Harmer Derek

(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)
	Secretary

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		1,847	A	$0	215,459	D
Class A-1 Common Stock	12/14/2025		F		542	D	$11.3	214,917	D
Class A-1 Common Stock	12/15/2025		S(1)		10,000	D	$11.11	204,917	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)	(2)	12/14/2025		M			1,847	(3)	(3)	Class A-1 Common Stock	1,847	$0	1,846	D

Explanation of Responses:

1. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. The 10b5-1 plan included a representation from the Reporting Person to the broker administering the plan that the Reporting Person was not in possession of any material nonpublic information regarding the Issuer or the securities subject to the plan. That representation was made as of the date of the adoption of the 10b5-1 plan, and speaks only as of that date. In making that representation, there is no assurance with respect to any material nonpublic information of which the Reporting Person was unaware, or with respect to any material nonpublic information acquired by the Reporting Person after the date of the representation.

2. 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.

3. 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	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 transaction did Accel Entertainment (ACEL) disclose in this filing?

The filing shows that an officer of Accel Entertainment, Inc. sold 10,000 shares of Class A-1 common stock on 12/15/2025 at a price of $11.11 per share. It also reports RSU settlement and related share dispositions on 12/14/2025.

Who is the reporting person in the Accel Entertainment (ACEL) insider transaction?

The reporting person is Derek Harmer, who is identified as an officer of Accel Entertainment and holds the title of Secretary. The form is filed as a single reporting person filing.

How many Accel Entertainment shares does the officer own after these transactions?

After the reported transactions, the officer beneficially owns 204,917 shares of Accel Entertainment Class A-1 common stock, held in direct ownership.

What is the Rule 10b5-1 trading plan mentioned for Accel Entertainment (ACEL)?

The filing states that the 10,000-share sale was made under a Rule 10b5-1 trading plan adopted by the reporting person on December 13, 2024. At adoption, he represented to the administering broker that he was not in possession of material nonpublic information about Accel or the securities, and that representation speaks only as of the adoption date without assurance about unknown or later-acquired information.

What restricted stock units (RSUs) are involved in this Accel Entertainment filing?

The filing shows that on 12/14/2025 a restricted stock unit (RSU) award covering 1,847 units was settled into 1,847 shares of Class A-1 common stock at an exercise price of $0. Each RSU represents a contingent right to receive one share upon settlement for no consideration, subject to a vesting schedule and continued service.

What is the vesting schedule for the Accel Entertainment RSUs referenced here?

According to the disclosure, 1/4 of the RSUs vest on March 14, 2023, and the remaining units vest in 1/16 quarterly installments thereafter, provided the reporting person continues to serve Accel Entertainment on each vesting date.

Does the Accel Entertainment officer still hold derivative securities after these transactions?

Yes. Following the reported transactions, the officer beneficially owns 1,846 restricted stock units, each tied to one share of Accel Entertainment Class A-1 common stock, held in direct ownership.