Form 4: Accel Entertainment CCO Sells $115K in Stock

Accel Entertainment's Chief Compliance Officer, Derek Harmer, sold 10,000 shares of Class A-1 Common Stock for $11.50 per share, totaling $115,000, under a pre-arranged 10b5-1 trading plan.

Summary

• Derek Harmer, Chief Compliance Officer of Accel Entertainment, Inc. (ACEL), disposed of 10,000 shares of Class A-1 Common Stock.
• The sales occurred on December 23, 2025, and December 24, 2025, with 5,000 shares sold on each date.
• Each share was sold at a price of $11.50, resulting in total proceeds of $115,000.
• These transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Harmer on December 13, 2024.
• Following these transactions, Mr. Harmer beneficially owns 194,917 shares of Class A-1 Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an insider sale can sometimes be viewed negatively, the fact that it was executed under a pre-arranged 10b5-1 trading plan mitigates concerns that it is based on new, negative material nonpublic information. It is likely for personal financial planning.

Negatives

• Insider selling, even under a 10b5-1 plan, can sometimes be perceived by investors as a lack of confidence, though this is mitigated by the pre-planned nature of the sale.

Risks

• The Rule 10b5-1 plan included a representation from the Reporting Person that they were not in possession of material nonpublic information as of the plan's adoption date (December 13, 2024). There is no assurance regarding any material nonpublic information the Reporting Person was unaware of, or information acquired after this date.

Management Comments

• 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 as of the date of the plan's adoption.

Stakeholder Impact

• Shareholders: May interpret the insider sale as a signal, though the 10b5-1 plan suggests it's for personal liquidity rather than a reflection of company performance. Could lead to minor short-term price fluctuations.

Key Dates

Keywords

Accel Entertainment, ACEL, Insider Sale, Form 4, Derek Harmer, Chief Compliance Officer, 10b5-1 Plan, Stock Transaction, Equity Disposal