Ruttenberg David W. 4
4 · Accel Entertainment, Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Accel Entertainment Director David W. Ruttenberg Sells 25,000 Shares
What Happened
- Director David W. Ruttenberg sold a total of 25,000 shares of Accel Entertainment (ACEL) in open-market transactions on February 18, 2026. The filing reports two dispositions of 12,500 shares each at a weighted average price of $11.04 per share, totaling approximately $138,060 per sale and about $276,120 overall. These were sales (not purchases), often seen as routine when done under pre-arranged plans.
Key Details
- Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (appears timely under Section 16 reporting rules).
- Price: weighted average $11.04; actual trade prices ranged from $11.00 to $11.13.
- Share counts: 12,500 + 12,500 = 25,000 shares sold; proceeds ≈ $276,120 (≈ $138,060 per 12,500-share lot).
- Shares owned after transaction: not specified in the provided filing.
- Notable footnotes:
- Sales were made pursuant to a Rule 10b5-1 trading plan adopted Dec 15, 2023 (the plan involves Crilly Court Trust and Grant Place Fund LLC).
- The 10b5-1 plan included a representation only as of adoption that the reporting person had no material nonpublic information.
- The securities involved are held by Crilly Court Trust (Ruttenberg is a beneficiary) and Grant Place Fund LLC (Ruttenberg is manager); he disclaims beneficial ownership except to the extent of his pecuniary interest.
- The $11.04 price is a weighted average; the filer can provide the breakdown of trades on request.
Context
- Sales made under a 10b5-1 plan are pre-set arrangements that allow insiders to sell shares according to a formula or schedule and are generally considered less informative about current insider views than ad hoc sales.
- The filing indicates the transactions were executed in multiple trades at slightly different prices; no options were exercised and there were no gifts or tax-withholding events reported.
Insider Transaction Report
Form 4
Ruttenberg David W.
Director
Transactions
- Sale
Class A-1 Common Stock
[F1][F2][F3]2026-02-18$11.04/sh−12,500$138,060→ 198,135 total(indirect: See Footnote) - Sale
Class A-1 Common Stock
[F1][F2][F4]2026-02-18$11.04/sh−12,500$138,060→ 338,026 total(indirect: See Footnote)
Footnotes (4)
- [F1]The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 15, 2023 (and to which each of Crilly Court Trust and Grant Place Fund LLC is a party). The 10b5-1 plan included a representation from the Reporting Person to the broker administering the plan that the Reporting Person was not in possession of any material nonpublic information regarding the Issuer or the securities subject to the plan. That representation was made as of the date of the adoption of the 10b5-1 plan, and speaks only as of that date. In making that representation, there is no assurance with respect to any material nonpublic information of which the Reporting Person was unaware, or with respect to any material nonpublic information acquired by the Reporting Person after the date of the representation.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.00 to $11.13, 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.
- [F3]Securities are held by the Crilly Court Trust, of which the Reporting Person is a beneficiary. 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.
- [F4]Securities are held by Grant Place Fund LLC, of which the Reporting Person is the Manager. 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 David W. Ruttenberg|2026-02-20