Form 4: Accel Entertainment Director Karl Peterson Sells Shares Under 10b5-1 Trading Plan

Director Karl Peterson of Accel Entertainment, Inc. sold 16,707 shares of Class A-1 Common Stock at a weighted average price of $12.0004 per share under a pre-arranged 10b5-1 trading plan.

Summary

• On March 21, 2024, Karl Peterson, a director of Accel Entertainment, Inc., sold 16,707 shares of Class A-1 Common Stock.
• The sale was executed under a Rule 10b5-1 trading plan adopted on March 15, 2023.
• The shares were sold at a weighted average price of $12.0004, with individual transactions ranging from $12.00 to $12.01.
• Following the transaction, Peterson still beneficially owns 2,478,938 shares held through personal vehicles.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares under a pre-arranged plan) by a company director, which is neither particularly positive nor negative.

Industry Context

Sales by insiders are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan allows insiders to sell shares over a period of time without being accused of trading on inside information.

Stakeholder Impact

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

Key Dates