Ruttenberg David W. 4

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.