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 under a pre-arranged 10b5-1 trading plan.

Summary

• David Ruttenberg, a director of Accel Entertainment, sold shares of Class A-1 Common Stock on July 12 and July 16, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 15, 2023.
• On July 12, 2024, 700 shares were sold at $10.50 per share and another 700 shares were sold at a weighted average price of $10.5043.
• On July 16, 2024, 4,281 shares were sold at a weighted average price of $10.5137 and 4,259 shares were sold at a weighted average price of $10.5107.
• The shares are held directly by Ruttenberg and indirectly through the Crilly Court Trust and Grant Place Fund LLC, where he disclaims beneficial ownership except to the extent of his pecuniary interest.
• Following these transactions, Ruttenberg directly owns 431,354 shares and indirectly owns 571,267 shares through Grant Place Fund LLC and 431,354 shares through Crilly Court Trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Management Comments

• The Reporting Person made a representation to the broker administering the 10b5-1 plan that they were not in possession of any material nonpublic information regarding the Issuer or the securities subject to the plan as of December 15, 2023.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings to gain insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock sales by a director could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates concerns about insider trading based on non-public information.

Key Dates