ACEL Accel Entertainment, Inc. Insider Trading

Director Bruce Wardinski makes first open-market purchase of 50,000 shares, marking departure from stock-comp-only history.

Bruce Wardinski, a board director at Accel Entertainment, has made his first open-market share purchase, acquiring a substantial block of stock with personal capital rather than through equity compensation. This marks a notable shift: his prior Form 4 filings over the past three years were exclusively stock-based compensation transactions (option exercises and grants), making this the first time he has voluntarily written a check to buy shares. The purchase occurs while the stock trades well below its 52-week high, suggesting Wardinski is buying into a temporary weakness. The company itself is profitable and trades at a reasonable valuation multiple, providing a fundamentally sound backdrop for a director's conviction purchase. The size and nature of this transaction—a director's first open-market buy after years of passive compensation activity—warrants attention as a potential signal of his confidence in the stock's near-term direction.

Director Rubenstein Gordon sells 176,709 shares at $11.37 across 3 transactions, reducing stake from 199.4K to 22.7K shares (-88.6%)

Rubenstein Gordon filed a Form 4 on 2026-03-12 disclosing 3 separate sales totaling 176,709 shares for $2,009,778.66, executed at a blended average price of $11.37. This sale reduced his holdings by -88.6%, leaving him with 22,674 shares post-transaction versus 199,383 shares pre-transaction. The timing is noteworthy: his 5 prior trades at ACEL (4 on 2026-03-11 and 1 on 2026-03-10) indicate an active liquidation pattern, though outcomes are not yet measurable. His cross-ticker track record shows 19 prior sells with a 33.33% well-timed rate (average 90d return +8.6%), suggesting mixed timing success historically. The current stock price of $11.15 is -14.6% from the 52-week high, near the bottom of the year's range, which does not align with a pattern of exceptional selling discipline at peaks.

Director Rubenstein Gordon sold 160,561 shares ($1.8M) at $11.38–$11.46 on 2026-03-11, reducing stake by 65.4%.

On 2026-03-11, Director Rubenstein Gordon executed 4 separate sales totaling 160,561 shares (160.6K shares) for $1,827,212.58 ($1.8M) at prices ranging from $11.38 to $11.46, reducing his holdings from 245,333 shares to 84,772 shares (a -65.4% reduction). The blended average sale price of $11.38 is near the current market price of $11.32 and comfortably above the 52-week low of $9.57, but notably 13.3% below the 52-week high of $13.06. Across his cross-ticker track record, Gordon's prior sells have produced an average 90-day return of +9.6%, with a well-timed rate of 28.57%—indicating that most of his historical sells have been preceded or accompanied by stock declines, making the timing of this large liquidation noteworthy. At ACEL specifically, his 5 prior trades are all recent sales with outcomes not yet measurable, so current performance relative to peers or prior patterns at this ticker cannot yet be assessed.

Director Ruttenberg sells 10,000 ACEL shares at $11.53, realizing $21,860 gain on 2020 purchase

Director David W. Ruttenberg executed 2 separate transactions in this Form 4 filing: a purchase of 10,000 shares at $9.34 on 2020-05-20 ($93,400.00) and a sale of 10,000 shares at $11.53 on 2026-03-10 ($115,260.00). The sale closed the position opened nearly six years prior at a gross profit of $21,860.00. Current price of $11.45 sits 12.3% below the 52-week high of $13.06, suggesting the insider sold near a local peak relative to recent trading ranges. The company's fundamentals remain stable with annual revenue growth of 8.1%, P/E of 15.68, and latest quarterly revenue of $329,693,000.00, indicating the divestiture reflects position management rather than fundamental deterioration at the company.

Director Rubenstein Gordon sold 469,885 shares (469.9K shares) for $5,386,489.67 across 5 transactions Mar 6–10, cutting holdings from 607,617 to 137,732 shares (−77.3%).

Rubenstein Gordon executed 5 separate sales totaling 469.9K shares for $5.4M over four trading days (Mar 6–10, 2026), reducing his stake by 77.3% to 137,732 shares remaining. The blended average price of $11.46 sits just 0.9% above the current price of $11.45, despite the stock trading 12.3% below its 52-week high, indicating the sales were executed near recent levels rather than at depressed valuations. His track record at ACEL shows mixed timing: of 5 prior trades at this ticker, only 1 of 4 measurable post-trade 90-day periods showed negative returns (well-timed for a sell). The cross-ticker track record reflects a 16.67% well-timed rate on 16 prior sells, materially below the 100% win rate on his single prior buy; his sells historically underperform directional prediction. With ACEL trading at a P/E of 15.68 and net income of $13.4M against a $933.9M market cap, the company shows fundamental stability. The substantial reduction in Gordon's stake warrants monitoring of any concurrent filings from other board members to assess whether this is director-wide activity or isolated to this executive.

Director Rubenstein Gordon sold 200 shares at $0.00 and bought 200 shares at $0.00 on 2025-03-13 (offsetting transactions).

This Form 4 filing reports two offsetting transactions executed on the same day at $0.00 per share: a sale of 200 shares and a purchase of 200 shares, leaving Rubenstein Gordon with 2,950 shares post-transaction. The zero-dollar transaction prices indicate these are likely non-cash corporate actions (such as option exercises, restricted stock vesting, or plan-related adjustments) rather than open-market trades, as no consideration changed hands. With ACEL's stock at $9.82 current price and down 21.2% from its 52-week high of $12.47, the director's net position remains functionally unchanged, and the structure does not reveal discretionary buying or selling conviction.

CEO Andrew H. Rubenstein sold 83,000 shares (83.0K shares) for $980,627.83 across 3 separate transactions at blended average $11.81.

Andrew H. Rubenstein, CEO and President of Accel Entertainment, executed 3 separate sales totaling 83,000 shares for $980,627.83 between December 2–4, 2024, reducing his holdings by 2.0% to 4,014,139 shares. The sales occurred at prices ranging from $11.70 to $12.07, near the 52-week high of $12.20. At ACEL specifically, Rubenstein has completed 5 prior open-market sales; of the 2 that are measurable at the 90-day mark, both showed negative returns (stock fell after the sale), indicating well-timed execution at this ticker. His cross-ticker track record shows 7 prior sells with an average 90-day return of +9.9%, reflecting a 50.00% well-timed rate—meaning half of his cross-ticker sales preceded declines. The current stock price of $12.09 is -0.9% below the 52-week high and +9.6% above its 30-day average, suggesting the CEO divested near an elevated valuation. The company reports FY revenue growth of +20.7%, a P/E of 23.25, and latest-quarter revenue of $302.2M with net income of $4.9M.

CEO Andrew Rubenstein sold 70,000 ACEL shares for $775,426.23 across three Nov 2024 trades at $11.08 avg, reducing stake to 4.11M shares.

Andrew Rubenstein, CEO and President of Accel Entertainment, executed three separate sales totaling 70,000 shares for $775,426.23 over three consecutive trading days (November 1, 4, and 5, 2024). The blended average price of $11.08 sits near the current price, with the stock down 9.2% from its 52-week high of $12.20. Among his prior four sales at ACEL, timing outcomes were mixed: two sales (May 2023) preceded subsequent 90-day gains of +24.7% and +25.8%, while two recent sales (July–August 2024) preceded 90-day declines of -4.6% and -6.1%, resulting in 50% well-timed outcomes at the 90-day mark. The company shows solid fundamentals with annual revenue growth of +20.7%, a P/E of 21.31, and revenue of $302.2M in the latest quarter, though net income of $4.9M remains modest relative to the $912.4M market cap. The sale reduces his holdings by 1.7% to 4.11M shares, a smaller proportional reduction that leaves him with substantial remaining ownership.

CEO Andrew H. Rubenstein sold 45,681 shares (45.7K) for $551,663.05 at ACEL across two transactions (7/31–8/1)

Rubenstein executed 2 separate sales totaling 45,681 shares for $551,663.05, representing a 1.1% reduction in his 4.21M-share post-transaction holdings. The sales occurred at an average price of $12.08, which is now 10.8% above the current price of $10.88 and near the 52-week high of $12.20, suggesting the transactions were timed in the upper range of recent trading. His prior 2 sales at ACEL (May 2023) both generated positive 90-day returns (+24.7% and +25.8%), indicating those earlier exits did not precede material declines; this current sale occurs in a context where the stock is trading 10.8% below its 52-week peak and has declined 4.8% over 90 days, creating a modest divergence from his prior pattern at this ticker.