The sales are small and pre-planned, so no bearish signal. Monitor next Form 4 filings for any unplanned open-market sales by C-suite executives, which would be more informative.
Price Chart
How similar events traded
Executive Summary
CEO Mark Phelan and director Andrew Rubenstein sold a combined $818K of ACEL stock under 10b5-1 plans within days of the company reporting strong Q3 2026 results (revenue +10% YoY, net income +55% YoY). The sales are modest relative to the $1.1B market cap (0.07%) and are pre-arranged, reducing their signaling value.
Key Financial Metrics
Key Facts
- CEO Mark Phelan sold 25,000 shares at $12.00 ($300K) on 2026-11-02 under a 10b5-1 plan
- Director Andrew Rubenstein sold 40,000 shares at $12.94 ($518K) on 2026-11-04 under a 10b5-1 plan
- Total open-market sales of $818K represent 0.07% of ACEL's $1.1B market cap
- Sales occurred 1-3 days after Q3 2026 earnings beat (revenue $364M, net income $21M)
- Both sales were pre-arranged under 10b5-1 plans, indicating they were not reactive to the earnings report
Financial Impact
Total insider sales of $818K, 0.07% of market cap
Risk Factors
- Insider sales are small relative to market cap and under 10b5-1 plans, limiting their informational content
- No unplanned or material insider selling detected
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ACEL-1794013469630 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 6, 2026 1d ago | Insider Cluster | $13.51 | awaiting T+20 | awaiting T+20 | $13.72 (+1.55%) |
Nov 3, 2026 4d ago | 8-K | No price | awaiting T+20 | awaiting T+20 | No price |
Nov 3, 2026 4d ago | Press Release | $13.42 | awaiting T+20 | awaiting T+20 | $13.72 (+2.24%) |
Nov 2, 2026 6d ago | 144 | $11.91 | awaiting T+20 | awaiting T+20 | $13.72 (+15.20%) |
Oct 19, 2026 19d ago | 3 | $10.83 | awaiting T+20 | awaiting T+20 | $13.72 (+26.69%) |
Oct 6, 2026 4w ago | 3 | $10.94 $13.50 | ▲ +23.35% | ▲ +24.59% | $13.72 (+25.41%) |
Sep 17, 2026 7w ago | Insider Cluster | $11.27 $10.88 | ▲ +3.46% | ▲ +3.67% | $13.72 (−21.74%) |
Aug 14, 2026 12w ago | Institutional Cluster | $12.19 $11.55 | ▼ −5.25% | ▼ −3.27% | $13.72 (+12.55%) |
Jun 15, 2026 20w ago | Insider Cluster | $13.08 $12.50 | ▼ −4.43% | ▼ −4.63% | $13.72 (+4.89%) |
Jun 15, 2026 20w ago | Insider Cluster | $13.08 $12.50 | ▼ −4.43% | ▼ −4.63% | $13.72 (+4.89%) |
US Market Status
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