[Form 4] Accel Entertainment, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Andrew H. Rubenstein, a director, 10% owner and CEO and President of Accel Entertainment, Inc. (ACEL), reported two non-derivative dispositions of Class A-1 common stock. On 08/21/2025 a transaction coded G removed 3,000 shares, reducing his direct holdings to 3,945,424 shares. On 08/22/2025 a second transaction coded G removed another 3,000 shares, leaving 3,942,424 shares beneficially owned. Both transactions show a reported price of $0. The form was signed by Derek Harmer as attorney-in-fact on 08/26/2025.

Insights

Corporate Governance Expert

TL;DR: Insider dispositions of small, disclosed amounts; governance disclosure appears timely and complete.

The filing shows routine disclosure of two small non-derivative dispositions by the CEO/director and 10% owner. Transactions are coded "G" and reported at $0, consistent with gifts or similar transfers as reported. Ownership remains substantial at over 3.9 million shares, and the Form 4 was executed via attorney-in-fact, indicating proper procedural handling. From a governance perspective, the company has documented insider activity without indication of procedural issues.

Securities Analyst

TL;DR: Two small share disposals were reported; impact on capitalization and control is negligible.

The reported disposals total 6,000 Class A-1 shares over two consecutive days with $0 price entries and reduction of direct holdings from 3,951,424 (implied) to 3,942,424 shares. Given the remaining direct ownership above 3.9 million shares, these transactions are immaterial to overall share count and likely do not affect investor control or capital structure. The clear reporting supports market transparency.

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)
08/21/2025

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	08/21/2025		G		3,000	D	$0	3,945,424	D
Class A-1 Common Stock	08/22/2025		G		3,000	D	$0	3,942,424	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

Explanation of Responses:

Remarks:

	/s/ Derek Harmer, Attorney-in-Fact for Andrew Rubenstein	08/26/2025
	** 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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