Form 4: Accel Entertainment Director Karl Peterson Sells 10,000 Shares
SEC Form 4
Director Karl Peterson sold 10,000 shares of Accel Entertainment (ACEL) on April 9, 2024, at a price of $11.67 per share, according to a Form 4 filing.
Summary
- On April 9, 2024, Karl Peterson, a director of Accel Entertainment, Inc. (ACEL), sold 10,000 shares of Class A-1 Common Stock.
- The sale was executed at a price of $11.67 per share.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 15, 2023.
- Following the transaction, Peterson beneficially owns 2,468,938 shares held through personal vehicles.
Sentiment
Score: 5
Explanation: The sentiment is neutral. It's a routine transaction under a pre-existing trading plan and doesn't necessarily reflect a change in the director's outlook on the company.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. This sale represents a small fraction of Peterson's overall holdings.
Stakeholder Impact
- The sale could have a minor impact on shareholder sentiment, but given the relatively small size of the transaction and the pre-planned nature of the sale, the impact is likely to be minimal.
Key Dates
| Date | Description |
|---|---|
| 2023/03/15 | Date of adoption of Rule 10b5-1 trading plan |
| 2024/04/09 | Date of transaction (stock sale) |
| 2024/04/11 | Date of Form 4 filing |
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