Accel Entertainment (NYSE: ACEL) entities tied to director report 25,000-share sale

Rhea-AI Filing Summary

Accel Entertainment, Inc. disclosed that entities associated with director David W. Ruttenberg sold shares of its Class A-1 Common Stock under a pre-arranged Rule 10b5-1 trading plan. On January 15, 2026, 12,500 shares were sold at a weighted average price of $11.5779, leaving 210,635 shares beneficially owned indirectly, and another 12,500 shares were sold at a weighted average price of $11.5775, leaving 350,526 shares beneficially owned indirectly. According to the footnotes, these securities are held by Crilly Court Trust and Grant Place Fund LLC, and Ruttenberg disclaims beneficial ownership beyond his economic interest. The Rule 10b5-1 plan was adopted on December 15, 2023, with a representation that he was not aware of material nonpublic information at that time.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ruttenberg David W.

(Last) (First) (Middle)

C/O ACCEL ENTERTAINMENT, INC.

140 TOWER DRIVE

(Street)

BURR RIDGE IL 60527

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Accel Entertainment, Inc. [ ACEL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A-1 Common Stock	01/15/2026		S(1)		12,500	D	$11.5779(2)	210,635	I	See Footnote(3)
Class A-1 Common Stock	01/15/2026		S(1)		12,500	D	$11.5775(2)	350,526	I	See Footnote(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.39 to $11.65, 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.

3. 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.

4. 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.

Remarks:

	/s/Derek Harmer, Attorney-in-fact for David W. Ruttenberg	01/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

Who is the reporting person in the Accel Entertainment (ACEL) Form 4?

The reporting person is David W. Ruttenberg, who is identified as a director of Accel Entertainment, Inc. He is not listed as an officer or 10% owner in this filing.

How many Accel Entertainment (ACEL) shares were sold in this Form 4?

The filing reports two indirect sales of Class A-1 Common Stock on January 15, 2026: one for 12,500 shares at a weighted average price of $11.5779, and another for 12,500 shares at a weighted average price of $11.5775.

Were the Accel Entertainment (ACEL) share sales made under a Rule 10b5-1 trading plan?

Yes. The filing explains that the shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2023. At adoption, he represented to the broker that he was not in possession of material nonpublic information regarding Accel or the securities covered by the plan.

Who actually holds the Accel Entertainment (ACEL) shares reported in this Form 4?

According to the footnotes, some securities are held by Crilly Court Trust, where the reporting person is a beneficiary, and others are held by Grant Place Fund LLC, where he is the Manager. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

How many Accel Entertainment (ACEL) shares are beneficially owned after the transactions?

Following the reported sales, one line shows 210,635 shares of Class A-1 Common Stock beneficially owned indirectly, and the other shows 350,526 shares beneficially owned indirectly, all as reported in the non-derivative securities table.

What price range did the Accel Entertainment (ACEL) shares trade at for these reported sales?

The filing notes the reported prices are weighted averages. The shares were sold in multiple transactions at prices ranging from $11.39 to $11.65, inclusive. Detailed trade breakdowns are available from the reporting person upon request, as stated in the footnote.