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

David Ruttenberg, a director at Accel Entertainment, sold shares of Class A-1 Common Stock over three days in July 2024 under a pre-arranged Rule 10b5-1 trading plan.

Summary

• David W. Ruttenberg, a director of Accel Entertainment, Inc. (ACEL), reported the sale of Class A-1 Common Stock.
• The sales occurred on July 23, 24, and 25, 2024.
• The transactions were executed under a Rule 10b5-1 trading plan adopted on December 15, 2023.
• On July 23, 2024, Ruttenberg sold 1,000 shares at a weighted average price of $10.501 and 1,005 shares at a weighted average price of $10.5011.
• On July 24, 2024, 1,494 shares were sold at $10.502 and 1,427 shares were sold at $10.5023.
• On July 25, 2024, 3,925 shares were sold at $10.5161 and 3,995 shares were sold at $10.5164.
• The shares were sold at prices ranging from $10.50 to $10.60.
• Following these transactions, Ruttenberg indirectly owns 423,135 shares through the Crilly Court Trust and 563,026 shares through Grant Place Fund LLC.
• Ruttenberg disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions were part of a pre-planned trading arrangement. It doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Sales by company directors are a normal part of business, but are closely watched by investors. Sales under a 10b5-1 plan are less concerning as they are pre-arranged.

Stakeholder Impact

• The share sales could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates