National CineMedia (NCMI) Form 144: Proposed 30,971-Share Sale via J.P. Morgan

Rhea-AI Filing Summary

Form 144 filed for National CineMedia, Inc. (NCMI) reports a proposed sale of 30,971 common shares through J.P. Morgan Securities on 09/25/2025 on the Nasdaq with an aggregate market value of $146,493. The shares reported were acquired from the issuer: 28,818 shares from a PSU vest on 08/04/2022, 1,833 shares as compensation on 02/24/2020, and 320 shares as compensation on 12/02/2019. The filer states there were no sales in the past three months to report and makes the standard representation about absence of undisclosed material adverse information.

Positive

• Full disclosure of acquisition history showing dates and nature (PSU vest, compensation) for all shares being sold
• Broker and execution details provided (J.P. Morgan Securities; Nasdaq; execution date 09/25/2025)
• No sales in the past three months reported, indicating this is not part of a rapid disposal sequence

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider plans a routine sale of 30,971 NCMI shares acquired from compensation and PSU vesting, modest in market value.

The filing documents a single proposed sale of 30,971 common shares valued at $146,493 to execute on 09/25/2025 via J.P. Morgan Securities. Acquisition dates show typical compensation timing and a PSU vesting event; there are no reported sales in the prior three months. This appears to be a routine insider liquidity event rather than a large, potentially market-moving disposal given the small percentage implied by the outstanding share count of 174,065,873. The filing includes the required representation about material nonpublic information.

Corporate Governance Expert

TL;DR: The disclosure fulfills Rule 144 notice requirements for an insider sale; documentation is standard and complete.

Information provided includes broker, share count, market value, acquisition method, and dates, satisfying the notice elements. The filer confirms no recent sales and makes the customary attestation regarding material information. There is no indication in the filing of reliance on Rule 10b5-1 plans or other atypical arrangements. From a governance standpoint, the form is routine and compliant based on the data presented.

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

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	J.P. Morgan Securities LLC 390 Madison Avenue 6th Floor New York NY 10017	30971	146493	174065873	09/25/2025	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	08/04/2022	PSU Vest	Issuer			28818	08/04/2022	NA
Common	02/24/2020	Compensation	Issuer			1833	02/24/2020	NA
Common	12/02/2019	Compensation	Issuer			320	12/02/2019	NA

* 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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 NCMI Form 144 disclose about the proposed sale?

The filing states a proposed sale of 30,971 common shares via J.P. Morgan Securities on 09/25/2025 with an aggregate market value of $146,493.

How were the shares being sold acquired according to the filing?

Shares were acquired from the issuer: 28,818 via a PSU vest on 08/04/2022, 1,833 as compensation on 02/24/2020, and 320 as compensation on 12/02/2019.

Does the Form 144 report any sales in the past three months for NCMI?

No. The filing explicitly states Nothing to Report for securities sold during the past three months.

Which broker and exchange are listed for the proposed sale?

The broker is J.P. Morgan Securities LLC and the exchange listed is Nasdaq.

What representation does the filer make about material information?

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