Harmer Derek 4

What Happened

• Derek Harmer, Chief Compliance Officer of Accel Entertainment (ACEL), had 7,138 restricted stock units (RSUs) convert into shares on March 10, 2026 (reported as acquired at $0.00). On the same day he sold 2,092 shares in an open-market transaction at $11.45 each, netting $23,953. The Form 4 also shows a derivative-related disposition entry for 7,138 shares related to the RSU conversion (reported at $0.00).
• This was a sale (a liquidity event), not a purchase — sales by insiders are common and may be routine.

Key Details

• Transaction date(s): March 10, 2026. Open-market sale price: $11.45 per share; total proceeds $23,953.
• RSU conversion: 7,138 RSUs settled into shares (reported as acquired at $0.00). A matching derivative disposition of 7,138 shares is also reported in the filing.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — each RSU represents the right to receive one share upon settlement for no consideration. F2 — shares underlying the RSUs vest 1/3 on each of the first three anniversaries of the grant, subject to continued service.
• Filing timeliness: Reported on Form 4 filed March 12, 2026 for transactions on March 10, 2026 (file appears timely).

Context

• The filing shows RSUs settling into common shares (no cash paid by the insider). For RSU settlements, insiders sometimes sell some or all shares immediately for tax or liquidity reasons; the filing does not state the reason for this sale.
• Derivative entries related to RSU settlement can reflect conversion and settlement mechanics; they do not necessarily indicate additional purchases or sales beyond the reported open-market transaction.