Rubenstein Andrew H. 4
Research Summary
AI-generated summary
Accel Entertainment (ACEL) 10% Owner Andrew H. Rubenstein Sells Shares
What Happened
- Andrew H. Rubenstein, a 10% owner of Accel Entertainment, Inc. (ACEL), reported a sale of 3,938 common shares on March 17, 2026. The reported total value was $44,223 based on a weighted-average price of $11.23 per share. The Form 4 lists the transaction as an "Open market or private sale" (transaction code S), which is a sale rather than a purchase.
Key Details
- Transaction date: 2026-03-17; weighted-average price reported: $11.23.
- Price range (footnote): shares sold in multiple trades at prices from $11.16 to $11.32; the reporting person will provide a per-price breakdown on request.
- Shares sold: 3,938; total proceeds reported: $44,223.
- Shares owned after the transaction: not disclosed in the provided filing.
- Filing timeliness: Form 4 filed 2026-03-19 (timely under the two-business-day rule).
- Transaction code: S = Sale.
Context
- This was a sale by a 10% owner (significant insider ownership), not a purchase. Sales can be routine or for personal/liquidity reasons and do not by themselves indicate a change in company outlook. The weighted-average price and per-trade price range are provided; additional breakdowns are available from the filer upon request.