Phelan Mark T.

Insider trading profile for Phelan Mark T. at Accel Entertainment Inc (ACEL) -- 144 transactions since 2019-11-20 through 2026-06-15. 104,908 shares sold, zero discretionary acquisitions. Transaction pattern: S-code (open-market sell): 2026-06-15 (25,000 shares at $13.00 -- largest single sell in recent window, recent date). M-code (vesting) events: 2026-03-15 (9,646); 2026-03-14 (10,546 + 1,784 + 35,710 = 48,040 across multiple events); 2025-12-14 (1,784); 2025-09-14 (1,784); 2025-06-14 (1,784); 2025-03-15 (9,646). F-code (fee/tax): 2026-03-15 (2,827 at $11.29); 2026-03-14 (10,464 + 3,090 + 523 = 14,077 at $11.29); 2025-12-14 (523 at $11.30); 2025-09-14 (523 at $11.13); 2025-06-14 (523 at $11.25). Key observation: the 25,000-share S-code sell on 2026-06-15 at $13.00 is the most recent and by far the largest single transaction. This represents meaningful profit-taking -- the insider is reducing their ACEL position at the stock's recent trading range. The M-code vesting events (1,784-48K range) suggest large exercise events, likely generating the shares being sold. The F-code fees at $11.13-$11.30 represent tax-withholding. The pattern is consistent with a senior insider systematically monetizing ACEL equity compensation. Bearish read: the 25K-share sell at $13 in June 2026 (same day as the most recent transaction) is a strong signal that this insider views current levels as attractive for liquidation. The 6+ year span (2019-2026) with net-sell bias and zero acquisitions confirms this is structural offloading rather than opportunistic trading.