[144] Accel Entertainment, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Accel Entertainment, Inc. (ACEL): The filing reports a proposed sale of 12,500 common shares to be executed approximately on 09/15/2025 through Morgan Stanley Smith Barney, with an indicated aggregate market value of $139,125.00. The filer states these shares were acquired in a SPAC transaction on 07/01/2013. The filing also discloses six recent 10b5-1 sales during June–August 2025 totaling 75,000 shares with combined gross proceeds of approximately $862,330.50. The filing includes the representation required by Rule 144 about no undisclosed material adverse information and notes reliance on trading plans where applicable.

Positive

• Sales executed under Rule 10b5-1, indicating planned, prearranged transactions intended to comply with insider trading rules
• Filer includes required representation that no undisclosed material adverse information is known at the time of the notice

Negative

• Insider/related-party dispositions totaling 75,000 shares in June–August 2025, generating approximately $862,330.50 in gross proceeds
• Proposed additional sale of 12,500 shares (approximate market value $139,125) scheduled for 09/15/2025

Insights

Securities Analyst

TL;DR

The filing documents routine Rule 144/10b5-1 sales rather than a corporate event; total recent insider dispositions equal 75,000 shares for about $862k.

These sales are material in size relative to the single proposed transaction but represent a small fraction of the issuer's stated outstanding shares (84,293,802). The use of 10b5-1 plans and the explicit Rule 144 notice indicates compliance with trading-window and disclosure rules, but repeated scheduled sales over consecutive months may warrant investor attention to insider liquidity patterns. No earnings, debt, or corporate operational data are provided.

Corporate Governance Expert

TL;DR

The document reflects standard insider selling under 10b5-1/Rule 144 rather than governance changes or departures.

From a governance perspective, the filing supplies required confirmations about possession of material nonpublic information and notes plan adoption dates where applicable (noted but not dated in the visible text). The record of multiple scheduled sales is consistent with planned liquidity by related parties; however, there is no disclosure here of changes in control, executive departure, or regulatory issues.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	12500	139125.00	84293802	09/15/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/01/2013	SPAC Transaction	Issuer			12500	07/01/2013	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for GRANT PLACE FUND LLC 140 Tower Drive Burr Ridge IL 60527	Common	08/15/2025	12500	138753.75
10b5-1 Sales for CRILLY COURT TRUST 140 Tower Drive Burr Ridge IL 60527	Common	08/15/2025	12500	138753.75
10b5-1 Sales for GRANT PLACE FUND LLC 140 Tower Drive Burr Ridge IL 60527	Common	07/15/2025	12500	151186.25
10b5-1 Sales for CRILLY COURT TRUST 140 Tower Drive Burr Ridge IL 60527	Common	07/15/2025	12500	151171.25
10b5-1 Sales for GRANT PLACE FUND LLC 140 Tower Drive Burr Ridge IL 60527	Common	06/16/2025	12500	141232.50
10b5-1 Sales for CRILLY COURT TRUST 140 Tower Drive Burr Ridge IL 60527	Common	06/16/2025	12500	141232.50

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Form 144 for ACEL disclose about upcoming sales?

The filing reports a proposed sale of 12,500 common shares to be sold around 09/15/2025 through Morgan Stanley with an aggregate market value of $139,125.00.

How many shares were sold by related parties in the past three months for ACEL?

The filing lists six 10b5-1 sales in June–August 2025 totaling 75,000 shares.

What were the gross proceeds from those recent ACEL sales?

The combined gross proceeds for the six reported sales equal approximately $862,330.50.

How were the shares being sold originally acquired?

The shares proposed for sale were acquired in a SPAC transaction on 07/01/2013.

Through which broker will the proposed ACEL sale be executed?

The proposed sale is to be executed through Morgan Stanley Smith Barney LLC, Executive Financial Services, New York, NY.