Insider Trading March 16, 2026

Accel Entertainment CEO Disposes of $404K in Stock; Option Exercises and Tax Surrender Reported

Rubenstein sold 36,062 shares on March 16 after exercising options earlier in the week; company posts another quarterly beat and an analyst raises its target

By Caleb Monroe ACEL
Accel Entertainment CEO Disposes of $404K in Stock; Option Exercises and Tax Surrender Reported
ACEL

Andrew H. Rubenstein, CEO and President of Accel Entertainment, sold 36,062 shares of Class A-1 Common Stock on March 16, 2026, at a weighted average price of $11.2149, for proceeds of $404,431. A Form 4 filing also shows option exercises and a surrender of shares to cover taxes earlier that week. Separately, Accel reported stronger-than-expected fourth-quarter 2025 results and received a higher price target from an analyst.

Key Points

  • Accel CEO Andrew H. Rubenstein sold 36,062 Class A-1 shares on March 16, 2026, for $404,431 at a weighted average price of $11.2149; transaction prices ranged from $11.13 to $11.39.
  • A Form 4 filing shows Rubenstein exercised options for 139,120 shares on March 14-15 and surrendered 68,080 shares to satisfy tax obligations; the surrendered shares were valued at $11.29, totaling $791,203.
  • Accel reported Q4 2025 revenue of $341 million and EBITDA of $56 million, both beating estimates; Citizens raised its price target to $14.00 from $13.00 while maintaining a Market Outperform rating.

Andrew H. Rubenstein, who holds the roles of Chief Executive Officer and President at Accel Entertainment, Inc., reported the sale of 36,062 shares of Class A-1 Common Stock on March 16, 2026. The transactions, executed at a weighted average price of $11.2149, produced total proceeds of $404,431. Sale prices in the multiple transactions ranged between $11.13 and $11.39.

According to a Form 4 filing with the Securities and Exchange Commission, Rubenstein's activity in Accel stock during the week included additional movements on March 14 and March 15. Those filings show he exercised options to acquire a combined 139,120 shares of Class A-1 Common Stock. To cover related tax liabilities, Rubenstein surrendered 68,080 of the acquired shares; those surrendered shares were valued at $11.29 and amounted to $791,203.

At present, Accel's shares trade at $11.15, a price that corresponds to a company market capitalization of $910 million. An InvestingPro analysis cited in company commentary labels ACEL as appearing undervalued under its Fair Value assessment. The platform notes a price-to-earnings ratio of 18.65 and a price/earnings-to-growth ratio of 0.39, metrics the analysis interprets as indicating an attractive valuation relative to growth.

InvestingPro materials also reference additional research resources available to subscribers, including more than 10 ProTips and a Pro Research Report covering the company.

Separately, Accel Entertainment released its financial results for the fourth quarter of 2025, reporting total revenue of $341 million versus consensus expectations of $335.27 million. The company said this represents growth of 7.5% year over year. Accel also reported $56 million of EBITDA, a figure it said exceeded expectations by 2%.

Those results mark the 13th consecutive quarter in which the company surpassed estimates, according to the report. Following the quarterly release, Citizens revised its price target on the stock up to $14.00 from $13.00 while retaining a Market Outperform rating.


What happened

  • Rubenstein sold 36,062 shares on March 16, 2026, for $404,431 at an average price of $11.2149.
  • Earlier the same week, he exercised options for 139,120 shares and surrendered 68,080 shares valued at $11.29 to cover taxes.
  • Accel reported Q4 2025 revenue of $341 million and EBITDA of $56 million, topping expectations and prompting a higher price target from Citizens.

Additional context provided in filings and analysis

The Form 4 documents filed with the SEC capture the timing and mechanics of the transactions. Independent valuation commentary referenced in company materials highlights a P/E of 18.65 and a PEG of 0.39 as part of an InvestingPro Fair Value assessment, and notes that subscribers can access extended research and ProTips through the platform.

Risks

  • Insider sales and option exercises can be driven by personal tax and liquidity needs rather than company outlook, leaving the motivation and implications for shareholders open to interpretation - this affects investor sentiment in equities.
  • Valuation commentary from InvestingPro highlights a Fair Value view and specific metrics (P/E 18.65, PEG 0.39), but different valuation models or analyst assumptions could yield divergent conclusions - this introduces uncertainty for valuation-driven market participants.
  • Analyst price-target adjustments, such as the revision from Citizens, depend on evolving company performance and assumptions; such changes can alter investor expectations and create short-term volatility.

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