ACEL (ACEL) holder files Rule 144 notice to sell 12,500 shares
Rhea-AI Filing Summary
An affiliate of the issuer has filed a Rule 144 notice to sell 12,500 shares of common stock through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $141,250.00. The filing also notes that 83,207,946 common shares are outstanding for the issuer.
The shares to be sold were originally acquired from the issuer in a SPAC transaction on July 1, 2013. The notice lists recent 10b5-1 sales for GRANT PLACE FUND LLC and CRILLY COURT TRUST, each selling 12,500 common shares on December 11, 2025 for gross proceeds of $137,576.25 and $137,578.75, respectively. By signing, the seller represents that they do not know of any material adverse information about the issuer that has not been publicly disclosed and acknowledges that intentional misstatements or omissions can be federal criminal violations.
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FAQ
What securities are being sold in this Rule 144 notice for ACEL?
The notice covers the proposed sale of 12,500 shares of common stock of the issuer. These shares are to be sold through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value stated as $141,250.00.
When were the ACEL shares to be sold under Rule 144 originally acquired?
The 12,500 common shares to be sold were acquired on July 1, 2013 in a SPAC transaction from the issuer, with the same date listed as the date of payment.
How many ACEL shares are outstanding according to this Rule 144 filing?
The filing states that the number of common shares or other units outstanding is 83,207,946. This figure provides context for the size of the proposed 12,500-share sale.
What recent 10b5-1 sales related to ACEL are disclosed in the past 3 months table?
The notice lists 10b5-1 sales for two accounts on December 11, 2025: GRANT PLACE FUND LLC sold 12,500 common shares for gross proceeds of $137,576.25, and CRILLY COURT TRUST sold 12,500 common shares for gross proceeds of $137,578.75.
What representations does the selling holder make in this Rule 144 notice for ACEL?
By signing, the person for whose account the securities are to be sold represents that they do not know any material adverse information about the issuer's current or prospective operations that has not been publicly disclosed, and is reminded that intentional misstatements or omissions of facts constitute federal criminal violations under 18 U.S.C. 1001.
Which broker is handling the proposed Rule 144 sale of ACEL shares and when is the sale expected?
The proposed sale of 12,500 common shares is to be handled by Morgan Stanley Smith Barney LLC Executive Financial Services at 1 New York Plaza, New York, NY. The approximate date of sale is listed as December 15, 2025 on the NYSE.