[Form 3] National CineMedia, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

National CineMedia (NCMI) disclosed an initial Form 3 for a director dated 10/21/2025. The filing reports 27,144,639 shares of common stock beneficially owned on an indirect basis.

The ownership is through fund vehicles for which Blantyre Capital Limited serves as investment advisor. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Mullaly Simon

(Last) (First) (Middle)

C/O NATIONAL CINEMEDIA, INC.

6300 S. SYRACUSE WAY

(Street)

CENTENNIAL CO 80111

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/21/2025

3. Issuer Name and Ticker or Trading Symbol
National CineMedia, Inc. [ NCMI ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	27,144,639	I	See footnotes.(1)(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Blantyre Capital Limited serves as the investment advisor for each of the fund vehicles that directly hold the reported securities, which are Blantyre Mulanje II DAC, BSSF II Ireland DAC, BSSF III DAC, and Blantyre Capital ICAV. Mubashir Mukadam is a director, Managing Partner, and Chief Investment Officer of Blantyre Capital Limited. Mr. Mullaly serves as Senior Investment Executive and Partner with Blantyre Capital Limited, and he disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.

2. Blantyre Mulanje II GP Limited is the general partner of the fund entity that is an indirect owner of the securities of the Issuer that are held by Blantyre Mulanje II DAC. Blantyre Fund II (GP) Limited is the general partner of the fund entity that is an indirect owner of the securities of the Issuer that are held by BSSF II Ireland DAC. Blantyre Fund III (GP) Limited is the general partner of the fund entity that is an indirect owner of the securities of the Issuer that are held by BSSF III DAC. Blantyre Mulanje III GP Limited is the general partner of the fund entity that is an indirect owner of the securities of the Issuer that are held by Blantyre Capital ICAV.

	/s/ Laura Anne Kenwick, as-attorney-in-fact	10/24/2025
	** 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 5 (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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did NCMI disclose in this Form 3?

An initial statement of beneficial ownership by a director as of 10/21/2025.

How many NCMI shares are reported on the Form 3?

The filing lists 27,144,639 shares of common stock beneficially owned.

Is the NCMI ownership direct or indirect?

The ownership is reported as indirect.

Who is connected to the reported holdings?

Fund vehicles advised by Blantyre Capital Limited are connected to the holdings.

Does the reporting person claim full ownership of the shares?

He disclaims beneficial ownership except to the extent of his pecuniary interest.

What is the relationship of the reporting person to NCMI?

The reporting person is a director of National CineMedia, Inc.