Accel Entertainment (ACEL) CEO Andrew Rubenstein reports December stock moves

Rhea-AI Filing Summary

Accel Entertainment CEO and President Andrew Rubenstein, who is also a director and 10% owner, reported several transactions in Class A-1 Common Stock in December 2025. On December 14, 2025, he acquired 6,957 shares at a reported price of $0 and disposed of 3,034 shares at $11.3 per share. On December 15, 2025, he disposed of another 13,200 shares at a reported price of $0. After these transactions, he directly beneficially owned 3,888,821 shares of Class A-1 Common Stock. He also reported 6,958 restricted stock units (RSUs), each representing a contingent right to receive one share of Class A-1 Common Stock for no consideration, with 1/4 vesting on March 14, 2023 and the remainder vesting in 1/16 quarterly installments, subject to his continuing service on each vesting date.

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

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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).

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^*

Rubenstein Andrew H.

(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	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and President

3. Date of Earliest Transaction (Month/Day/Year)
12/14/2025

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	12/14/2025		M		6,957	A	$0	3,905,055	D
Class A-1 Common Stock	12/14/2025		F		3,034	D	$11.3	3,902,021	D
Class A-1 Common Stock	12/15/2025		G		13,200	D	$0	3,888,821	D

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
Restricted Stock Unit (RSU)	(1)	12/14/2025		M			6,957	(2)	(2)	Class A-1 Common Stock	6,957	$0	6,958	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Class A-1 Common Stock upon settlement for no consideration.

2. 1/4 of the RSUs will vest on March 14, 2023, and the remainder will vest as to 1/16 of the total award in quarterly installments thereafter, subject to the Reporting Person's continuing service to the Issuer on each vesting date.

Remarks:

	/s/ Derek Harmer, Attorney-in-Fact for Andrew Rubenstein	12/16/2025
	** 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

What stock transactions did Accel Entertainment (ACEL) CEO Andrew Rubenstein report in December 2025?

Andrew Rubenstein reported activity in Class A-1 Common Stock on two dates. On December 14, 2025, he acquired 6,957 shares at $0 and disposed of 3,034 shares at $11.3 per share. On December 15, 2025, he disposed of an additional 13,200 shares at a reported price of $0.

How many Accel Entertainment (ACEL) shares does Andrew Rubenstein own after these transactions?

Following the reported transactions, Andrew Rubenstein directly beneficially owned 3,888,821 shares of Accel Entertainment's Class A-1 Common Stock.

What derivative securities did Andrew Rubenstein report for Accel Entertainment (ACEL)?

He reported holding 6,958 restricted stock units (RSUs). Each RSU represents a contingent right to receive 1 share of Accel Entertainment's Class A-1 Common Stock upon settlement for no consideration.

How do Andrew Rubenstein’s Accel Entertainment RSUs vest?

For the reported award, 1/4 of the RSUs vest on March 14, 2023. The remainder vest as to 1/16 of the total award in quarterly installments thereafter, subject to the reporting person's continuing service to Accel Entertainment on each vesting date.

What is Andrew Rubenstein’s relationship to Accel Entertainment (ACEL)?

Andrew Rubenstein is identified as a director, a 10% owner, and an officer of Accel Entertainment, serving as CEO and President.

Where were the reported Accel Entertainment transactions reflected in terms of ownership form?

The reported holdings of Class A-1 Common Stock and restricted stock units are listed as held with direct ownership form.

What does each restricted stock unit (RSU) represent for Accel Entertainment (ACEL)?

Each RSU represents a contingent right to receive 1 share of Accel Entertainment's Class A-1 Common Stock upon settlement for no consideration.