Accel Entertainment, Inc. SEC Filings

Accel Entertainment, Inc. received an amended ownership report showing that Greenvale Capital LLP beneficially owns 6,059,407 shares of Class A‑1 common stock, representing 7.3% of the outstanding class. This percentage is based on 83,207,946 shares reported outstanding as of October 31, 2025.

Greenvale, an English limited liability partnership and investment manager authorized and regulated by the UK Financial Conduct Authority, holds these shares on behalf of certain funds and accounts. The firm certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Accel Entertainment.

Accel Entertainment is implementing a planned leadership transition. Andy Rubenstein, currently Chief Executive Officer and President, has been appointed Chairman of the Board and will become a non-employee advisor after August 7, 2026, while remaining on the Board if he maintains at least 5% ownership.

Mark Phelan, now President – US Gaming, becomes Chief Operating Officer immediately and will succeed Rubenstein as Chief Executive Officer and President on the August 7, 2026 transition date. New agreements outline Rubenstein’s advisory RSUs of 78,930 in 2026 plus 335,516 vesting over three years, and increase Phelan’s salary and target incentives tied to his expanded role.

Accel Entertainment, Inc. disclosed that entities associated with director David W. Ruttenberg sold shares of its Class A-1 Common Stock under a pre-arranged Rule 10b5-1 trading plan. On January 15, 2026, 12,500 shares were sold at a weighted average price of $11.5779, leaving 210,635 shares beneficially owned indirectly, and another 12,500 shares were sold at a weighted average price of $11.5775, leaving 350,526 shares beneficially owned indirectly. According to the footnotes, these securities are held by Crilly Court Trust and Grant Place Fund LLC, and Ruttenberg disclaims beneficial ownership beyond his economic interest. The Rule 10b5-1 plan was adopted on December 15, 2023, with a representation that he was not aware of material nonpublic information at that time.

ACEL has a shareholder filing a notice of proposed sale under Rule 144 for up to 25,000 shares of common stock. The shares are to be sold through Morgan Stanley Smith Barney on the NYSE around January 15, 2026, with an aggregate market value listed at $286,000.00. The filing notes that 83,207,946 common shares were outstanding at the time referenced.

The 25,000 shares were originally acquired on July 1, 2013 in a SPAC transaction with the issuer. Over the prior three months, related sellers using 10b5-1 trading plans completed several sales of 12,500 common shares each on December 11 and 15, 2025, with gross proceeds per block ranging from $137,576.25 to $139,937.50. The signer represents they are not aware of undisclosed material adverse information about the issuer.

A shareholder of ACEL has filed a Rule 144 notice to sell 25,000 shares of common stock through Morgan Stanley Smith Barney LLC on or about 01/15/2026 on the NYSE, with an aggregate market value of 286,000.00. The issuer had 83,207,946 shares of common stock outstanding at the time of the notice; this is a baseline figure, not the amount being sold.

The 25,000 shares to be sold were acquired on 07/01/2013 in a SPAC transaction from the issuer. Over the past three months, entities including GRANT PLACE FUND LLC and CRILLY COURT TRUST executed several Rule 10b5-1 sales of common stock, each for 12,500 shares on 12/11/2025 and 12/15/2025, with disclosed gross proceeds for each transaction in the range of about 137,576.25 to 139,937.50.

Accel Entertainment, Inc. filed a current report to furnish a company press release under Regulation FD. The report states that a press release dated January 8, 2026 is attached as Exhibit 99.1 and is incorporated by reference. The company notes that this information is being furnished, not filed, so it is not subject to certain liability provisions of the Exchange Act and is not automatically incorporated into other securities law filings.

Accel Entertainment, Inc. disclosed that its Chief Compliance Officer, a reporting officer of the company, sold Class A-1 Common Stock in two transactions. On 12/23/2025 and 12/24/2025, the officer sold 5,000 shares on each day at a price of $11.5 per share, for a total of 10,000 shares sold. Following these sales, the officer beneficially owns 194,917 shares of Class A-1 Common Stock in direct ownership. The filing notes that these sales were made under a Rule 10b5-1 trading plan adopted on December 13, 2024, which included a representation that the officer was not in possession of material nonpublic information as of the adoption date.

A shareholder of ACEL filed an amended Rule 144 notice covering the planned sale of 10,000 common shares through Merrill Lynch on the NYSE, with an approximate sale date of 12/18/2025. The shares to be sold have an aggregate market value of $110,000, and the filing notes that 83,207,946 shares of this class were outstanding at the time of the notice.

The 10,000 shares being sold were acquired as restricted shares from the issuer on 11/20/2024 for cash. The notice also reports that the same seller, Derek Harmer, sold an additional 10,000 common shares during the past three months on 12/15/2025 for gross proceeds of $110,700, providing context on recent selling activity.

A shareholder of ACEL filed an amended notice to sell 10,000 common shares under Rule 144. The planned sale is through Merrill Lynch on the NYSE, with an indicated aggregate market value of $111,100 and total issuer shares outstanding of 83,210,000. The shares were acquired on 11/20/2024 as a stock award from the issuer, with payment described as cash on the same date. The approximate sale date listed is 12/15/2025. The form also includes standard representations that the seller is not aware of undisclosed material adverse information about the issuer.