Rubenstein Gordon 4
Research Summary
AI-generated summary
Accel Entertainment (ACEL) Director Rubenstein Gordon Sells Shares
What Happened Rubenstein Gordon, a director of Accel Entertainment, sold a total of 469,885 shares in a series of open-market transactions between March 6 and March 10, 2026, for aggregate proceeds of roughly $5.39 million. Individual reported trades include 60,952 shares ($716.1K), 228,262 shares ($2.60M), two small blocks of 2,250 shares each ($25.8K each), and 176,171 shares ($2.02M). These were disposals (sales), not purchases or option exercises.
Key Details
- Transaction dates and reported amounts:
- 2026-03-06: 60,952 shares — reported $11.75 average — $716,113 proceeds
- 2026-03-09: 228,262 shares — reported $11.37 average — $2,596,092 proceeds
- 2026-03-10: 2,250 shares — reported $11.46 — $25,780 proceeds
- 2026-03-10: 2,250 shares — reported $11.46 — $25,780 proceeds
- 2026-03-10: 176,171 shares — reported $11.48 — $2,022,725 proceeds
- Reported total: 469,885 shares sold for approximately $5.39 million.
- Footnotes: Filings note weighted-average prices and that some blocks were executed in multiple trades at price ranges reported between about $11.15 and $11.885. One footnote states these shares are held by Fund Indy LLC (the reporting person is the sole member) and disclaims beneficial ownership except to the extent of pecuniary interest.
- Shares owned after transaction: Not specified in the provided excerpt.
- Filing timeliness: Form was filed on Mar 10, 2026 and covers trades from Mar 6–10; timeliness status (e.g., late filing flag) is not indicated in the data provided.
Context
- These entries are open-market sales by a company director. Sales by insiders can be routine (liquidity/tax reasons) and do not by themselves indicate the director’s view of company prospects. The presence of holdings via an LLC and weighted-average price footnotes means some trades were executed in multiple fills at slightly different prices.