Tax-driven RSU vesting and share sale by National CineMedia (NCMI) CFO

Rhea-AI Filing Summary

National CineMedia, Inc.’s Chief Financial Officer Ronnie Y. Ng reported routine equity compensation activity. On June 30, 2026, restricted stock units vested and were exercised into 51,666 shares of common stock at $0.00 per share, representing an acquisition of common stock upon vesting.

Each restricted stock unit represented one share of common stock, so the vesting converted all 51,666 units into shares. On July 2, 2026, Ng then sold 32,328 common shares at an average price of $3.7724 per share. A footnote explains this sale was made on the open market to satisfy tax obligations arising from the RSU vesting under the award agreement, rather than as a discretionary portfolio trade.

After these transactions, Ng directly owned 205,095 shares of National CineMedia common stock, and there were no remaining derivative positions from this RSU grant shown in the filing. Overall, the filing reflects a standard RSU vesting and related tax-withholding sale by the company’s CFO.

Insider Trade Summary

Net Seller: 32,328 shares ($121,954)

Net Sell 3 txns

Insider Ng Ronnie Y.

Role Chief Financial Officer

Sold 32,328 shs ($122K)

Type	Security	Shares	Price	Value
Sale	Common Stock	32,328	$3.7724	$122K
Exercise	Restricted Stock Units	51,666	$0.00	--
Exercise	Common Stock	51,666	$0.00	--

Holdings After Transaction: Common Stock — 205,095 shares (Direct, null); Restricted Stock Units — 0 shares (Direct, null)

Footnotes (1)

1. Represents acquisition of common stock upon vesting of restricted stock units. 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. Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

Key Figures

Shares sold: 32,328 shares Sale price: $3.7724 per share RSUs vested: 51,666 units/shares +2 more

5 metrics

Shares sold 32,328 shares Open-market sale on July 2, 2026 to cover taxes

Sale price $3.7724 per share Average price for 32,328 shares sold July 2, 2026

RSUs vested 51,666 units/shares Restricted stock units vested and converted on June 30, 2026

Post-transaction holdings 205,095 shares Direct common stock owned after reported transactions

Exercise price $0.00 per share RSU conversion price for 51,666 common shares

Key Terms

Restricted Stock Units, Exercise or conversion of derivative security, Sale in open market or private transaction, tax obligation

4 terms

Restricted Stock Units financial

"Represents acquisition of common stock upon vesting of 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.

Exercise or conversion of derivative security financial

"Transaction code M described as Exercise or conversion of derivative security."

Sale in open market or private transaction financial

"Transaction code S described as Sale in open market or private transaction."

tax obligation financial

"Sale of securities on the open market to satisfy the tax obligation upon the vesting of restricted stock units."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:39 PM Accepted by SEC EDGAR 07/02/2026 - 04:38 PM Learn about SEC filing dates

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^*

Ng Ronnie Y.

(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 Financial 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/30/2026		M		51,666(1)	A	$0	237,423	D
Common Stock	07/02/2026		S		32,328(2)	D	$3.7724	205,095	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(3)	06/30/2026		M			51,666	06/30/2026	06/30/2026	Common Stock	51,666	$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)

FAQ

What insider transactions did NCMI CFO Ronnie Ng report on this Form 4?

Ronnie Ng reported RSU vesting and a related tax sale. 51,666 restricted stock units vested into common shares, and 32,328 of those shares were sold on the open market to cover tax obligations tied to the vesting.

How many National CineMedia (NCMI) shares did the CFO sell, and at what price?

Ronnie Ng sold 32,328 shares of National CineMedia common stock on July 2, 2026. The reported average sale price was $3.7724 per share, and the sale was made to satisfy tax obligations from vested restricted stock units.

How many National CineMedia (NCMI) shares did the CFO acquire through RSU vesting?

Through RSU vesting, Ronnie Ng acquired 51,666 shares of National CineMedia common stock on June 30, 2026. Each restricted stock unit converted into one share, and the exercise price was reported as $0.00 per share in the filing.

What was Ronnie Ng’s National CineMedia (NCMI) shareholding after these transactions?

Following the RSU vesting and tax-related share sale, Ronnie Ng directly owned 205,095 shares of National CineMedia common stock. This post-transaction holding figure, disclosed in the Form 4, helps show the CFO retained a substantial equity position after the activity.

Were the NCMI CFO’s share sales part of a discretionary trade or for taxes?

The filing states the sale was to satisfy tax obligations from RSU vesting. A footnote explains the 32,328 shares were sold on the open market pursuant to the award agreement terms, indicating a tax-driven transaction rather than a purely discretionary sale.