Accel Entertainment (ACEL) CEO sells 25,000 shares, gives 2,225 as gift
Rhea-AI Filing Summary
Accel Entertainment CEO and President Andrew H. Rubenstein reported an open-market sale of 25,000 shares of Class A-1 Common Stock at a weighted average price of $12.0884 per share. After this sale, he directly held 3,875,943 shares. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 26, 2024, which included a representation that he was not aware of material nonpublic information when the plan was adopted.
In a separate transaction, Rubenstein made a bona fide gift of 2,225 shares of Class A-1 Common Stock at $0.00 per share, reducing his direct holdings from 3,900,943 shares before the gift. The reported sale price reflects multiple trades within a range of $12.01 to $12.18 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 27,225 shares
Net Sell
2 txns
Insider
Rubenstein Andrew H.
Role
CEO and President
Sold
25,000 shs ($302K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A-1 Common Stock | 25,000 | $12.0884 | $302K |
| Gift | Class A-1 Common Stock | 2,225 | $0.00 | $0.00 |
Holdings After Transaction:
Class A-1 Common Stock — 3,875,943 shares (Direct)
Footnotes (2)
- F1. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 26, 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.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.01 to $12.18, 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
Shares sold: 25,000 shares
Weighted average sale price: $12.0884 per share
Post-transaction holdings: 3,875,943 shares
+3 more
6 metrics
Shares sold
25,000 shares
Open-market sale of Class A-1 Common Stock
Weighted average sale price
$12.0884 per share
Open-market sale of 25,000 shares
Post-transaction holdings
3,875,943 shares
Shares directly held after reported transactions
Gifted shares
2,225 shares
Bona fide gift of Class A-1 Common Stock
Sale price range
$12.01–$12.18 per share
Price range for multiple sale transactions
Net shares sold
25,000 shares
Net buy/sell direction reported as net-sell
Key Terms
Rule 10b5-1 trading plan, weighted average price, bona fide gift, open-market sale, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 26, 2024."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
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.
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
material nonpublic information regulatory
"the Reporting Person was not in possession of any material nonpublic information regarding the Issuer"
Nonpublic information is specific, important news about a company or its securities that has not been shared with the general public and that a reasonable investor would consider likely to affect the company’s stock price. It matters to investors because using or sharing that information to buy or sell securities can give an unfair advantage and is often illegal; think of it like having the exam answers before a test, which undermines a fair playing field for everyone.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did ACEL CEO Andrew Rubenstein report?
Andrew Rubenstein reported two transactions: an open-market sale of 25,000 shares of Accel Entertainment Class A-1 Common Stock and a separate bona fide gift of 2,225 shares, both affecting his direct shareholdings as disclosed in the Form 4 filing.