Form 4: Accel Entertainment Director David Ruttenberg Sells 70,000 Shares

Director David Ruttenberg sold 70,000 shares of Accel Entertainment, Inc. on November 8, 2024, at a weighted average price of $11.7275.

Summary

• On November 8, 2024, David W. Ruttenberg, a director of Accel Entertainment, Inc., sold 70,000 shares of Class A-1 Common Stock.
• The shares were sold at a weighted average price of $11.7275, with individual transaction prices ranging from $11.6069 to $11.8239.
• Following the transaction, Ruttenberg indirectly owns 277,455 shares through the David W. Ruttenberg Revocable Trust, for which he serves as the sole trustee.
• Ruttenberg disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

This Form 4 filing is a routine disclosure of a transaction by a company insider. It provides transparency to the market regarding the trading activities of individuals with access to non-public information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the impact is likely minimal given the relatively small number of shares sold compared to the total outstanding.

Key Dates