Accel director linked entities sell 59K ACEL shares
Accel Entertainment director Gordon Rubenstein, through entities associated with him, reported transactions in Class A-1 Common Stock.
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Form Type
4
Rhea-AI Filing Summary
Accel Entertainment director Gordon Rubenstein, through entities associated with him, reported transactions in Class A-1 Common Stock. An affiliated LLC and an IRA sold a combined 59,277 shares in open-market trades at weighted average prices near $11.34–$11.55 per share, and the LLC made a bona fide gift of 9,000 shares.
Insider Trade Summary
Net Seller: 59,277 shares
Net Sell
5 txns
Insider
Rubenstein Gordon
Role
Director
Sold
59,277 shs ($675K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A-1 Common Stock | 4,946 | $11.5544 | $57K |
| Sale | Class A-1 Common Stock | 7,985 | $11.5544 | $92K |
| Gift | Class A-1 Common Stock | 9,000 | $0.00 | $0.00 |
| Sale | Class A-1 Common Stock | 17,728 | $11.3406 | $201K |
| Sale | Class A-1 Common Stock | 28,618 | $11.3406 | $325K |
Holdings After Transaction:
Class A-1 Common Stock — 0 shares (Indirect, By IRA);
Class A-1 Common Stock — 0 shares (Indirect, See Footnote)
Footnotes (3)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.28 to $11.39, 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.
- F2. Securities are held by Fund Indy LLC, of which the Reporting Person is the sole Member. 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.
- F3. 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 $11.66, 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.
Key Figures
Total shares sold: 59,277 shares
Gifted shares: 9,000 shares
Weighted average sale price (first set): $11.3406 per share
+2 more
5 metrics
Total shares sold
59,277 shares
Open-market or private sales of Class A-1 Common Stock
Gifted shares
9,000 shares
Bona fide gift from affiliated LLC
Weighted average sale price (first set)
$11.3406 per share
Sales in a range from $11.28 to $11.39
Weighted average sale price (second set)
$11.5544 per share
Sales in a range from $11.39 to $11.66
Gift transaction price
$0.0000 per share
Bona fide gift of 9,000 shares
Key Terms
bona fide gift, weighted average price, pecuniary interest, beneficial ownership, +1 more
5 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
pecuniary interest financial
"disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein"
beneficial ownership financial
"shall not be deemed an admission of beneficial ownership of the reported securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"for purposes of Section 16 or for any other purposes"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ACEL director Gordon Rubenstein report?
Rubenstein reported that entities associated with him transacted in Accel Entertainment Class A-1 Common Stock. They sold 59,277 shares in open-market trades and transferred 9,000 shares as a bona fide gift, all recorded as indirect holdings rather than direct personal ownership.
Are Gordon Rubenstein’s ACEL holdings direct or indirect in this Form 4?
All reported positions are indirect holdings. The Form 4 classifies them as held through Fund Indy LLC and an IRA, both marked with indirect ownership codes, rather than shares held directly in Rubenstein’s own name as an individual shareholder.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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