Accel Entertainment Executive Maintains Large Position Despite Share Sale
Rhea-AI Filing Summary
Derek Harmer, Secretary of Accel Entertainment (ACEL), executed a significant stock transaction on June 23, 2025. The insider sold 5,000 shares of Class A-1 Common Stock at $11.50 per share, leaving a remaining direct ownership position of 202,880 shares.
The transaction was conducted under a Rule 10b5-1 trading plan established on December 13, 2024. This pre-planned trading arrangement demonstrates compliance with insider trading regulations, as it was set up when the insider certified having no material nonpublic information.
- Transaction Type: Sale of common stock
- Total Transaction Value: $57,500
- Trading Plan: Executed under Rule 10b5-1
- Ownership Type: Direct
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares
Net Sell
1 txn
Insider
Harmer Derek
Role
Secretary
Sold
5,000 shs ($58K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A-1 Common Stock | 5,000 | $11.50 | $58K |
Holdings After Transaction:
Class A-1 Common Stock — 202,880 shares (Direct)
Footnotes (1)
- F1. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Was ACEL insider Derek Harmer's stock sale planned in advance?
Yes, the shares were sold pursuant to a Rule 10b5-1 trading plan that Harmer adopted on December 13, 2024. This type of plan is established in advance to help prevent insider trading concerns.
What position does Derek Harmer hold at ACEL?
Derek Harmer serves as Secretary of Accel Entertainment, Inc. (ACEL), as indicated in the Form 4 filing.