Insider Trading March 16, 2026

Accel Entertainment Director Rubenstein Disposes $2.01M in Class A-1 Shares

Sale reduces direct holdings to zero while indirect and IRA positions remain; company valuation metrics and recent quarterly results noted

By Avery Klein ACEL
Accel Entertainment Director Rubenstein Disposes $2.01M in Class A-1 Shares
ACEL

Gordon Rubenstein, a director at Accel Entertainment, Inc. (NASDAQ: ACEL), sold $2,009,778 of Class A-1 Common Stock on March 12, 2026. The transactions included direct, indirectly held and IRA-held shares and leave Rubenstein with no direct holdings. The insider sale occurred while the stock traded at $11.15, with valuation metrics and recent quarterly results suggesting continued operational strength.

Key Points

  • Director Gordon Rubenstein sold $2,009,778 of Accel Entertainment Class A-1 Common Stock on March 12, 2026 at weighted average prices between $11.3723 and $11.3741.
  • The sale consisted of 3,766 directly held shares, 39,169 shares held indirectly by Fund Indy LLC (Rubenstein is sole member), and 133,774 shares held in an IRA; after the transactions he holds no shares directly but retains indirect and IRA positions.
  • Accel Entertainment traded at $11.15 at the time of the sale; InvestingPro's materials indicate the stock is below its Fair Value estimate and show a P/E of 18.65 and a PEG of 0.39. Recent results: Q4 2025 revenue $341 million (vs. $335.27 million expected) and $56 million of EBITDA, marking the 13th consecutive quarter of beating estimates; Citizens set a $14.00 price target and maintained Market Outperform.

Director Gordon Rubenstein of Accel Entertainment, Inc. (NASDAQ: ACEL) executed sales of Class A-1 Common Stock totaling $2,009,778 on March 12, 2026. The transactions were carried out at weighted average prices in a narrow band between $11.3723 and $11.3741 per share.

The breakdown of the dispositions is as follows: Rubenstein sold 3,766 shares in his own name; 39,169 shares that were held indirectly by Fund Indy LLC - of which Rubenstein is the sole member - were sold; and 133,774 shares held in an individual retirement account (IRA) were also disposed of.

After these sales, Rubenstein no longer holds any shares directly. His remaining positions include 45,603 shares held indirectly and 22,674 shares held in an IRA.

At the time of the reported insider activity, Accel Entertainment shares were trading at $11.15. That price point is noted as being below InvestingPro's Fair Value estimate, a condition the InvestingPro note described as suggesting the stock may be undervalued. The company is listed with a price-to-earnings ratio of 18.65 and a price/earnings-to-growth (PEG) ratio of 0.39, metrics that the InvestingPro material highlights as indicating attractive valuation relative to growth.

For investors seeking additional analysis, a comprehensive Pro Research Report covering ACEL and more than 1,400 other U.S. equities is available, according to the material provided.


Recent corporate results cited alongside the insider sale underline Accel Entertainment's recent operating performance. In the fourth quarter of 2025 the company reported total revenue of $341 million, ahead of a consensus expectation of $335.27 million and representing a 7.5% increase year-over-year. The firm generated $56 million of EBITDA in the period, exceeding expectations by 2%.

Those fourth-quarter results marked the company's 13th consecutive quarter of beating estimates. Following the release, Citizens adjusted its price target for Accel Entertainment to $14.00 from $13.00 and maintained a Market Outperform rating.

No additional commentary from Rubenstein or Accel Entertainment is included in the filings referenced. The transaction details and the accompanying valuation and earnings information are presented here as reported.

Risks

  • Insider sales do not provide definitive information about future company performance; the sale reduces the director's direct exposure to Accel Entertainment - this has implications for investor perception in the leisure and gaming sector.
  • Market price cited ($11.15) was below the InvestingPro Fair Value estimate, but valuation metrics and target prices may change; equity investors in consumer-facing gaming and entertainment companies could face valuation and sentiment volatility.
  • The report relies on company results and analyst target revisions; changes in operating performance or analyst outlooks could alter the investment case for ACEL.

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