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

Accel Entertainment Director David W. Ruttenberg sold 25,000 shares of Class A-1 Common Stock on January 15, 2026, through a pre-arranged 10b5-1 trading plan.

Summary

• David W. Ruttenberg, a Director of Accel Entertainment, Inc. (ACEL), reported the sale of 25,000 shares of Class A-1 Common Stock.
• The transactions occurred on January 15, 2026.
• The sales were executed under a Rule 10b5-1 trading plan adopted by Mr. Ruttenberg on December 15, 2023.
• A total of 12,500 shares were sold directly at a weighted average price of $11.5779 per share, with individual transaction prices ranging from $11.39 to $11.65.
• Another 12,500 shares were sold indirectly through the Crilly Court Trust and Grant Place Fund LLC at a weighted average price of $11.5775 per share, with individual transaction prices also ranging from $11.39 to $11.65.
• Following these transactions, Mr. Ruttenberg beneficially owns 210,635 shares indirectly through the Crilly Court Trust and 350,526 shares indirectly through Grant Place Fund LLC.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a pre-planned sale under a 10b5-1 plan, which typically mitigates any strong positive or negative signaling from insider trading activity.

Positives

• The sales were conducted pursuant to a Rule 10b5-1 trading plan, indicating the transactions were pre-scheduled and not based on material nonpublic information at the time the plan was adopted on December 15, 2023.

Negatives

• A director's sale of shares, even if pre-planned, represents a reduction in insider ownership, which some investors may interpret as a negative signal.

Related Party Transactions

• The sales were conducted under a Rule 10b5-1 trading plan to which Crilly Court Trust and Grant Place Fund LLC are parties.
• Securities are held indirectly by the Crilly Court Trust, of which the Reporting Person is a beneficiary.
• Securities are held indirectly by Grant Place Fund LLC, of which the Reporting Person is the Manager.

Stakeholder Impact

• Shareholders: A routine, pre-planned insider sale is generally not expected to have a significant immediate impact on shareholder sentiment or the company's operational outlook.

Key Dates

Keywords

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