Rubenstein Gordon 4

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).