National CineMedia insider filing: 3,000 shares proposed sale on 09/30/2025

Rhea-AI Filing Summary

Form 144 filed for National CineMedia, Inc. (NCMI) shows a proposed sale of 3,000 shares of common stock to be executed through Morgan Stanley Smith Barney LLC on 09/30/2025 with an aggregate market value of $14,250. The filing reports 93,718,031 shares outstanding for the issuer.

The securities to be sold were acquired through restricted stock unit vesting on 09/30/2025; the filer indicates 4,771 shares were acquired in that vesting and the nature of payment is listed as compensation. The filing also discloses sales during the past three months: 1,834 shares sold on 06/30/2025 for gross proceeds of $8,835.66. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Insights

Securities Analyst

TL;DR Routine insider filing: small planned sale following RSU vesting, immaterial to shares outstanding.

The Form 144 documents a proposed sale of 3,000 shares tied to restricted stock unit vesting and prior sales of 1,834 shares. Compared with the reported 93.7 million shares outstanding, these transactions are de minimis and unlikely to affect market supply or valuation materially. The filing meets disclosure requirements and shows proceeds figures for recent sales, aiding transparency for investors monitoring insider activity.

Corporate Governance Expert

TL;DR Compliance-focused disclosure of compensatory RSU vesting and planned sale; no governance red flags evident from this filing alone.

The notice links the securities to compensation via RSU vesting on the same date as the proposed sale, and it identifies the broker and exact amounts. The inclusion of the standard attestation regarding material adverse information is appropriate. Absent additional context about trading plans or insider roles, this filing appears to be a routine compliance disclosure rather than a governance concern.

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	3000	14250	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			4771	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
Catherine A. Sullivan 6300 S. Syracuse Way Suite 300 Centennial CO 80111	Common Stock	06/30/2025	1834	8835.66

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 NCMI Form 144 filed on this notice report?

The filing reports a proposed sale of 3,000 shares of common stock through Morgan Stanley Smith Barney LLC on 09/30/2025 with an aggregate market value of $14,250.

How were the securities being sold acquired according to the NCMI filing?

The securities were acquired via restricted stock unit vesting on 09/30/2025, with 4,771 shares listed as acquired and the nature of payment noted as compensation.

Does the Form 144 show any recent insider sales for NCMI?

Yes. It discloses that Catherine A. Sullivan sold 1,834 shares on 06/30/2025 for gross proceeds of $8,835.66.

How large is the proposed sale relative to NCMI's shares outstanding?

The proposed sale of 3,000 shares is small relative to the reported 93,718,031 shares outstanding, representing a negligible percentage of total shares.

Who is the broker named for the proposed sale in the NCMI Form 144?

The broker listed is Morgan Stanley Smith Barney LLC, located at 1 New York Plaza, 8th Floor, New York, NY 10004.