Form 4: Accel Entertainment Director David Ruttenberg Sells Shares Under 10b5-1 Plan

David Ruttenberg, a director at Accel Entertainment, sold 25,000 shares of Class A-1 Common Stock on September 16, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On September 16, 2024, David W. Ruttenberg, a director of Accel Entertainment, sold 25,000 shares of Class A-1 Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 15, 2023.
• 12,500 shares were sold at a weighted average price of $11.6823, with individual prices ranging from $11.61 to $11.76.
• Another 12,500 shares were sold at a weighted average price of $11.6806, with individual prices ranging from $11.61 to $11.75.
• Following the transactions, Ruttenberg indirectly owns 398,135 shares through the Crilly Court Trust and 538,026 shares through Grant Place Fund LLC.
• Ruttenberg disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale under a pre-arranged plan, indicating a neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions and provides transparency to the market regarding the trading activities of company directors. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of insider trading.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, but the pre-arranged nature of the sale mitigates this concern.

Key Dates