Rubenstein Gordon 4
4 · Accel Entertainment, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Accel Entertainment (ACEL) Director Gordon Rubenstein Sells Shares
What Happened
Gordon Rubenstein, a director of Accel Entertainment, sold a total of 176,709 shares in open-market transactions on March 12, 2026. The sales were reported at a weighted average price of $11.37 per share: 3,766 shares for $42,828; 39,169 shares for $445,512; and 133,774 shares for $1,521,438 — totaling approximately $2,009,778. These were outright sales (not purchases or option exercises) and generally represent liquidity rather than a bullish signal.
Key Details
- Transaction date: March 12, 2026. Filing date: March 16, 2026 (filed within the 2-business-day Form 4 window).
- Reported weighted avg price: $11.37; price range across the multiple trades: $11.30–$11.45 (footnote F1).
- Total shares sold: 176,709; total proceeds: ~$2.01 million.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
- Footnote F2: Some securities are held by Fund Indy LLC, of which Rubenstein is the sole member; he disclaims beneficial ownership except to the extent of his pecuniary interest.
- No 10b5-1 plan, tax-withholding sale, or option exercise was disclosed in the provided information.
Context
- Sales by directors are common for personal liquidity and do not necessarily indicate a change in company outlook. Purchases are generally more informative about insider conviction; this filing documents routine disposals.
- The filing offers to provide a breakdown of the number of shares sold at each price within the reported range upon request (per F1).
Insider Transaction Report
Form 4
Rubenstein Gordon
Director
Transactions
- Sale
Class A-1 Common Stock
[F1]2026-03-12$11.37/sh−3,766$42,828→ 0 total - Sale
Class A-1 Common Stock
[F1][F2]2026-03-12$11.37/sh−39,169$445,512→ 45,603 total(indirect: See Footnote) - Sale
Class A-1 Common Stock
[F1]2026-03-12$11.37/sh−133,774$1,521,438→ 22,674 total(indirect: By IRA)
Footnotes (2)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.30 to $11.45, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
- [F2]Securities are held by Fund Indy LLC, of which the Reporting Person is the sole Member. The Reporting Person disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
Signature
/s/ Derek Harmer, Attorney-in-fact for Gordon Rubenstein|2026-03-16