Kozlik Christen 4

What Happened Kozlik Christen, Chief Accounting Officer of Accel Entertainment (ACEL), exercised stock options on 2026-03-15 to acquire 1,875 shares at an exercise price reported as $0.00. To satisfy tax withholding obligations, 550 of those shares were disposed/withheld at $11.29 per share, generating about $6,209. The filing also records the conversion/disposition related to the derivative exercise.

Key Details

• Transaction date: 2026-03-15; filing date: 2026-03-16 (timely filing).
• Exercise: 1,875 shares acquired via option exercise @ $0.00.
• Tax withholding/disposition: 550 shares disposed @ $11.29 per share = $6,209.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Footnote: Option vesting schedule — 1/4 vested on Dec 15, 2024; remaining shares vest in eight equal quarterly installments thereafter, subject to continued service.
• Codes: M = option exercise/conversion; F = shares withheld/sold to cover tax liabilities.

Context This appears to be a routine option exercise with shares withheld to cover taxes (a common cashless-style settlement). Such withholding transactions are administrative and do not necessarily reflect a decision to reduce or add to a personal investment stake. For retail investors, outright purchases by insiders can be more informative; exercises with tax withholding are usually neutral signals.