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

David W. Ruttenberg, a director at Accel Entertainment, sold 25,000 shares of Class A-1 Common Stock on May 15, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 15, 2025, 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.
• The shares were sold in two transactions at a weighted average price of $11.7304 and $11.7287.
• Following the transactions, Ruttenberg directly owns no shares, but indirectly owns 438,026 shares through Grant Place Fund LLC and 298,135 shares through Crilly Court Trust.
• Ruttenberg disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider trading. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for corporate insiders to use 10b5-1 trading plans to sell shares over time to avoid accusations of trading on material non-public information.

Stakeholder Impact

• The share sale could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Accel Entertainment, David W. Ruttenberg, Form 4, Share Sale, 10b5-1 Trading Plan, Insider Trading, ACEL, Director