NCMI CLO vests RSUs and sells shares for taxes

National CineMedia, Inc. Chief Legal Officer Maria VG Woods reported compensation-related stock activity involving restricted stock units and common shares.

Filing Impact

(Neutral)

Filing Sentiment

(Negative)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

National CineMedia, Inc. Chief Legal Officer Maria VG Woods reported compensation-related stock activity involving restricted stock units and common shares. On June 30, 2026, restricted stock units converted into 25,833 shares of common stock at a price of $0.00 per share upon vesting. On July 2, 2026, she sold 12,058 shares of common stock at an average price of $3.7724 per share, with the footnotes explaining this sale was made on the open market to cover tax obligations from the vesting. Following these transactions, she directly holds 163,162 shares of National CineMedia common stock.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Woods Maria VG

Role Chief Legal Officer

Sold 12,058 shs ($45K)

Approx. gross sale proceeds $45K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Common Stock	12,058	$3.7724	$45K
Exercise	Restricted Stock Units	25,833	$0.00	$0.00
Exercise	Common Stock	25,833	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 163,162 shares (Direct)

Footnotes (3)

F1. Represents acquisition of common stock upon vesting of restricted stock units.
F2. Represents the sale of securities on the open market to satisfy the tax obligation upon the vesting of restricted stock units pursuant to the terms of the award agreement.
F3. Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

Key Figures

RSUs converted: 25,833 shares Sale volume: 12,058 shares Sale price: $3.7724 per share +2 more

5 metrics

RSUs converted 25,833 shares Restricted stock units vested into common stock on June 30, 2026

Sale volume 12,058 shares Common stock sold on July 2, 2026

Sale price $3.7724 per share Average price for July 2, 2026 open-market sale

Post-transaction holdings 163,162 shares Direct common stock held after reported transactions

RSU conversion price $0.00 per share Conversion of RSUs into common stock on June 30, 2026

Key Terms

Restricted Stock Units, open market, derivative security

3 terms

Restricted Stock Units financial

"security_title": "Restricted Stock Units""

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

open market financial

"sale of securities on the open market to satisfy the tax obligation"

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did NCMI Chief Legal Officer Maria VG Woods report?

Maria VG Woods reported RSU vesting into common stock and a related share sale. RSUs converted into 25,833 common shares, and 12,058 shares were sold to cover tax obligations arising from the vesting event.

How many National CineMedia (NCMI) shares did Maria VG Woods sell?

She sold 12,058 shares of National CineMedia common stock. The sale occurred at an average price of $3.7724 per share and, according to the footnotes, was executed to satisfy tax obligations from restricted stock unit vesting.

What did the RSU transaction for NCMI’s Chief Legal Officer involve?

The RSU transaction involved 25,833 restricted stock units converting into an equal number of common shares. Each restricted stock unit represented the right to receive one share of National CineMedia common stock upon vesting, at a conversion price of $0.00 per share.

Why were NCMI shares sold following the RSU vesting for Maria VG Woods?

The filing states the shares were sold to satisfy tax obligations tied to RSU vesting. The open-market sale of 12,058 shares was carried out pursuant to the award agreement terms, making this a compensation-driven, rather than discretionary, sale.

How many NCMI shares does Maria VG Woods hold after these transactions?

After the reported transactions, Maria VG Woods directly holds 163,162 shares of National CineMedia common stock. This post-transaction balance reflects both the RSU conversion into common stock and the subsequent sale of shares to cover related tax liabilities.

Does the Form 4 show any remaining derivative or RSU holdings for NCMI’s Chief Legal Officer?

The derivative summary in the Form 4 is empty, and the RSU line shows zero units remaining. This indicates the reported restricted stock units were fully converted into common shares as of the June 30, 2026 vesting date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 07/02/2026 - 04:40 PM EDT

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
Estimated average burden
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^*

Woods Maria VG

(Last)

(First)

(Middle)

C/O NATIONAL CINEMEDIA, INC.

6300 S. SYRACUSE WAY

(Street)

CENTENNIAL

COLORADO

80111

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/30/2026		M		25,833⁽¹⁾	A	$0	175,220	D
Common Stock	07/02/2026		S		12,058⁽²⁾	D	$3.7724	163,162	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0⁽³⁾	06/30/2026		M			25,833	06/30/2026	06/30/2026	Common Stock	25,833	$0	0	D

Explanation of Responses:

1. Represents acquisition of common stock upon vesting of restricted stock units.

2. Represents the sale of securities on the open market to satisfy the tax obligation upon the vesting of restricted stock units pursuant to the terms of the award agreement.

3. Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

	/s/ Jeremy Gibb, as attorney-in-fact	07/02/2026
	** 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.
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR