Marcus Corporation (MCS) director granted 4,174 restricted shares

Rhea-AI Filing Summary

The Marcus Corporation director Austin M. Ramirez reported receiving a grant of restricted common stock. On 12/31/2025, he acquired 4,174 shares of The Marcus Corporation common stock at a price of $0, bringing his directly held beneficial ownership to 15,445 shares.

The restricted stock granted on 12/31/2025 vests 50% after the second anniversary of the grant date and 100% after the fourth anniversary. Ramirez also holds stock options to buy 1,000 common shares at $16.00 per share expiring on 03/03/2033 and 1,455 common shares at $14.69 per share expiring on 12/28/2033, granted under The Marcus Corporation 2004 Equity and Incentive Awards Plan.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ramirez Austin M

(Last) (First) (Middle)

THE MARCUS CORPORATION

111 EAST KILBOURN AVENUE, SUITE 1200

(Street)

MILWAUKEE WI 53202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MARCUS CORP [ MCS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/31/2025		A(1)		4,174	A	$0	15,445	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)(2)	$16							03/03/2023	03/03/2033	Common Shares	1,000		1,000	D
Stock Option (right to buy)(2)	$14.69							12/28/2023	12/28/2033	Common Shares	1,455		1,455	D

Explanation of Responses:

1. Restricted stock granted December 31, 2025 vests and becomes exercisable as follows: 50% after 2nd anniversary of date of grant and 100% after 4th anniversary of date of grant.

2. Granted pursuant to The Marcus Corporation 2004 Equity and Incentive Awards Plan.

	/s/ Steven R. Barth, Attorney-in-Fact for Austin M. Ramirez	01/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did Marcus Corporation (MCS) report for Austin M. Ramirez?

Director Austin M. Ramirez reported the acquisition of 4,174 shares of The Marcus Corporation common stock on 12/31/2025, recorded at a price of $0 per share as a restricted stock grant.

How many Marcus Corporation shares does Austin M. Ramirez own after the reported transaction?

Following the reported transaction, Austin M. Ramirez beneficially owns 15,445 shares of The Marcus Corporation common stock in direct ownership.

What is the vesting schedule for Austin M. Ramirez’s 4,174 restricted Marcus Corporation shares?

The 4,174 restricted shares granted on 12/31/2025 vest as follows: 50% after the second anniversary of the grant date and 100% after the fourth anniversary of the grant date.

What stock options in Marcus Corporation does Austin M. Ramirez hold according to this filing?

Austin M. Ramirez holds stock options to buy 1,000 common shares at an exercise price of $16 per share, exercisable until 03/03/2033, and stock options to buy 1,455 common shares at $14.69 per share, exercisable until 12/28/2033.

Under which plan were Austin M. Ramirez’s Marcus Corporation equity awards granted?

The stock options reported for Austin M. Ramirez were granted pursuant to The Marcus Corporation 2004 Equity and Incentive Awards Plan, as stated in the explanation of responses.

What is Austin M. Ramirez’s relationship to The Marcus Corporation (MCS)?

In this filing, Austin M. Ramirez is identified as a Director of The Marcus Corporation.