Accel Entertainment Inc SEC Filings

Form 144 filed for Accel Entertainment, Inc. (ACEL) reporting a proposed sale of 12,500 common shares through Morgan Stanley Smith Barney with an aggregate market value of $139,125. The filing lists the approximate date of sale as 09/15/2025 and shows 84,293,802 shares outstanding. The shares were originally acquired on 07/01/2013 in a SPAC transaction, and payment was recorded as of that date. The notice also discloses recent executed sales over the past three months: six 10b5-1 sales of 12,500 shares each on 06/16/2025, 07/15/2025 and 08/15/2025 for two accounts (Grant Place Fund LLC and Crilly Court Trust), resulting in gross proceeds ranging from $138,753.75 to $151,186.25. The filer certifies no undisclosed material adverse information and references Rule 10b5-1 where applicable.

Accel Entertainment entered into a new Credit Agreement establishing a $600 million Term Loan Facility and a $300 million Revolving Loan Facility maturing September 10, 2030. Proceeds of initial borrowings repaid and terminated the company’s prior credit agreement. The revolver includes a $15 million letter-of-credit sublimit and a $25 million swingline sublimit. Borrowings bear interest at either a base rate (highest of federal funds+0.5%, CIBC prime, or Term SOFR+1%) plus a margin of 0.75%–1.75% for base rate loans, or Term SOFR plus 1.5%–2.5% for SOFR loans, with the margin tied to the Borrower’s First Lien Net Leverage Ratio. Obligations are guaranteed by the company and material domestic subsidiaries and secured by first-priority liens on substantially all assets, subject to customary exceptions. The agreement includes customary covenants and requires maintaining a First Lien Net Leverage Ratio ≤4.75x and a Fixed Charge Coverage Ratio ≥1.20x at each fiscal quarter end. The full Credit Agreement is filed as Exhibit 10.1 and a press release as Exhibit 99.1.

Form 144 notice for Accel Entertainment, Inc. (ACEL): an insider proposes to sell 10,000 shares of common stock through Merrill Lynch, with an approximate sale date of 09/15/2025 and an aggregate market value reported at $110,000.00. The filer reports that the 10,000 shares were acquired on 07/15/2024 as Restricted Stock Units from the issuer and were paid for in cash. The filing lists 85,710,000 shares outstanding for the class. The notice also discloses two recent sales by the same person during the past three months: 5,000 shares sold on 06/16/2025 for $56,600.00 and 5,000 shares sold on 06/23/2025 for $57,300.00. The broker handling the proposed sale is identified as Merrill Lynch, 1033 Skokie Blvd Suite 500, Northbrook, IL 60062, and the planned venue is the NYSE.

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.

David W. Ruttenberg, a director of Accel Entertainment, Inc. (ACEL), reported sales of Class A-1 common stock on 08/15/2025 under a Rule 10b5-1 trading plan adopted on December 15, 2023. The report shows two sale entries of 12,500 shares each (total 25,000 shares) at a weighted-average price of $11.1003, with individual sale prices in the range $11.00 to $11.21. The filings list post-transaction beneficial holdings held indirectly: 260,635 shares associated with Crilly Court Trust and 400,526 shares associated with Grant Place Fund LLC, with Ruttenberg disclaiming beneficial ownership except for his pecuniary interest. The sales were executed pursuant to the pre-established 10b5-1 plan and the Form 4 was signed by an attorney-in-fact on 08/18/2025.