National CineMedia (NCMI) Insider Notice: 22,000 Shares Proposed Sale

Rhea-AI Filing Summary

Form 144 filed for National CineMedia, Inc. (NCMI) shows a proposed sale of 22,000 shares of common stock through Morgan Stanley Smith Barney with an aggregate market value of $104,500, to be sold on or about 09/30/2025 on NASDAQ. The filing reports the shares originated from a restricted stock unit vesting on 09/30/2025 (38,750 shares acquired as compensation). The filing also discloses a sale by Ronnie Y. Ng of 18,914 shares for gross proceeds of $91,121.98 on 06/30/2025. The holder represents no undisclosed material adverse information.

Positive

• Rule 144 compliance disclosed with broker, number of shares, aggregate value, and planned sale date specified
• Source of shares identified as restricted stock unit vesting, clarifying the origin as compensation
• Prior sale within three months disclosed (18,914 shares on 06/30/2025 for $91,121.98), showing transaction history

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider sale notice; size is modest relative to outstanding shares and stems from RSU vesting.

The Form 144 discloses a proposed sale of 22,000 common shares with $104,500 aggregate market value and an earlier sale of 18,914 shares for $91,121.98. The acquisition source is a restricted stock unit vesting on the same date as the proposed sale, and the transaction will be brokered by Morgan Stanley Smith Barney on NASDAQ. This filing is procedural under Rule 144 to comply with resale conditions for restricted/affiliate shares and does not by itself disclose material operational or financial changes at the issuer.

Corporate Governance Expert

TL;DR: Disclosure appears consistent with Rule 144 requirements; signer attests no undisclosed material information.

The notice identifies the nature of the shares as compensation via RSU vesting and includes a prior sale within the three-month lookback period, which is appropriately disclosed. The signature attestation reiterates the absence of undisclosed material adverse information. The filing contains standard cautionary language regarding misstatements. No departures from routine governance disclosure protocols are evident in the provided content.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Morgan Stanley Smith Barney LLC 1 New York Plaza 8th Floor New York NY 10004	22000	104500	93718031	09/30/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	09/30/2025	Restricted Stock Unit Vesting	Issuer			38750	09/30/2025	Compensation*

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Ronnie Y. Ng 6300 S. Syracuse Way Suite 300 Centennial CO 80111	Common Stock	06/30/2025	18914	91121.98

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed by NCMI disclose?

It discloses a proposed sale of 22,000 shares with aggregate market value of $104,500, to be sold on or about 09/30/2025 on NASDAQ.

What is the source of the shares to be sold for NCMI?

The shares were acquired via restricted stock unit vesting on 09/30/2025, with 38,750 shares listed as acquired.

Who is the broker handling the proposed sale?

The broker named is Morgan Stanley Smith Barney LLC, located at 1 New York Plaza, New York, NY.

Were there any recent sales by the same person?

Yes; Ronnie Y. Ng sold 18,914 shares on 06/30/2025 for gross proceeds of $91,121.98.

Does the filer state any undisclosed material information about NCMI?

The filer represents by signature that they do not know of any material adverse information about the issuer that has not been publicly disclosed.