Accel (ACEL) CEO trims stake with 45,000-share open-market sale

Rhea-AI Filing Summary

Accel Entertainment CEO and President Andrew H. Rubenstein reported an open-market sale of 45,000 shares of Accel Entertainment, Inc. Class A-1 Common Stock. The weighted average sale price was $11.0506 per share, with individual trades between $11.01 and $11.11. Following these transactions, Rubenstein directly holds 3,911,368 shares of Accel Entertainment common stock.

Insider Trade Summary 10b5-1

Net Seller: 45,000 shares ($497,277)

Net Sell 1 txn

Insider Rubenstein Andrew H.

Role CEO and President

Sold 45,000 shs ($497K)

Type	Security	Shares	Price	Value
Sale	Class A-1 Common Stock	45,000	$11.0506	$497K

Holdings After Transaction: Class A-1 Common Stock — 3,911,368 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold: 45,000 shares Weighted average sale price: $11.0506 per share Sale price range: $11.01–$11.11 per share +2 more

5 metrics

Shares sold 45,000 shares Open-market sale of Class A-1 Common Stock

Weighted average sale price $11.0506 per share Average price across multiple sale transactions

Sale price range $11.01–$11.11 per share Prices for individual trades within the reported sale

Shares held after sale 3,911,368 shares Direct holdings of Andrew H. Rubenstein post-transaction

Net shares sold 45,000 shares Net selling activity in this filing

Key Terms

open-market sale, weighted average price, Class A-1 Common Stock, direct ownership

4 terms

open-market sale financial

"transaction_action: "open-market sale" for the 45,000-share transaction"

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.

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.

Class A-1 Common Stock financial

"security_title: "Class A-1 Common Stock""

Class A-1 common stock is a specific type of ordinary share in a company whose exact voting power, dividend rights and transfer rules are set out in the company’s charter. It represents an ownership stake but may carry different rights than other share classes, so two shares with different labels are not always equal. For investors it matters because the share class determines how much influence you have, what income you may receive and how easily you can sell—think of it like different membership tiers that grant varying levels of access and benefits.

direct ownership financial

"direct_or_indirect: "D" and ownership_type: "direct" indicate direct ownership"

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

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 ILLINOIS 60527

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/01/2026		S		45,000	D	$11.0506(1)	3,911,368	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:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.01 to $11.11, 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.

Remarks:

	/s/ Derek Harmer, Attorney-in-Fact for Andrew Rubenstein	04/02/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did ACEL CEO Andrew Rubenstein report?

Andrew Rubenstein reported selling 45,000 shares of Accel Entertainment Class A-1 Common Stock in open-market transactions. The filing describes it as an open-market sale, meaning shares were sold through regular trading on the market rather than via a private agreement or grant.

At what price did ACEL’s CEO sell the 45,000 shares?

The reported weighted average sale price was $11.0506 per share across multiple trades. According to the footnote, the individual transactions occurred at prices ranging from $11.01 to $11.11 per share, all contributing to that single weighted average reported figure.

How many Accel Entertainment (ACEL) shares does the CEO hold after this sale?

After completing the reported sale, Andrew Rubenstein holds 3,911,368 Accel Entertainment Class A-1 Common Stock shares directly. This figure comes from the post-transaction ownership column, showing his remaining direct stake following the 45,000-share open-market disposition.

Was the ACEL CEO sale a direct or indirect ownership transaction?

The transaction is reported as direct ownership, indicated by the code “D” in the ownership column. That means the 45,000 shares sold and the 3,911,368 shares remaining are held directly by Andrew Rubenstein, not through an intermediary entity or trust.

What does the weighted average price mean in Andrew Rubenstein’s ACEL sale?

The weighted average price of $11.0506 reflects multiple trades executed between $11.01 and $11.11. Instead of listing each trade separately, the filing aggregates them, and Rubenstein undertakes to provide full breakdowns upon request to the company, investors, or SEC staff.