[Form 4] National CineMedia, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider sale reported by National CineMedia director Juliana F. Hill. The Form 4 shows a sale of 13,372 shares of NCMI common stock on 08/14/2025 at a price of $4.4422 per share, leaving the reporting person with 40,365 shares owned. The filing was signed by an attorney-in-fact on 08/18/2025. No derivative transactions or additional transaction plans are disclosed.

Insights

Securities Analyst

TL;DR: Director sale of NCMI shares; modest size relative to typical insider trades, likely routine liquidity.

The Form 4 documents a direct sale of 13,372 shares at $4.4422 on 08/14/2025, reducing holdings to 40,365 shares. From a market-impact perspective this is a straightforward disposition by a director with no accompanying derivative activity or notification of a Rule 10b5-1 plan in the text. The sale size and residual ownership suggest routine liquidity rather than a material change in control or strategy.

Corporate Governance Expert

TL;DR: Disclosure is complete for the reported non-derivative sale; no governance red flags disclosed.

The filer is identified as a director and the Form 4 provides transaction date, amount sold, price and post-transaction beneficial ownership. The form is signed by an attorney-in-fact. There is no indication of insider trading plan reliance or of related-party transactions. Based solely on the filing, this appears to be a standard, compliant insider sale disclosure.

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
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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^*

HILL JULIANA F

(Last) (First) (Middle)

C/O NATIONAL CINEMEDIA, INC.

6300 S. SYRACUSE WAY

(Street)

CENTENNIAL CO 80111

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

4. 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 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	08/14/2025		S		13,372	D	$4.4422	40,365	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

Explanation of Responses:

	/s/ Laura Anne Kenwick, as attorney-in-fact	08/18/2025
	** 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 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.

FAQ

What insider transaction did NCMI director Juliana F. Hill report?

She reported a sale of 13,372 shares of NCMI common stock on 08/14/2025 at $4.4422 per share.

How many NCMI shares does Juliana F. Hill own after the reported sale?

The Form 4 reports she owned 40,365 shares following the transaction.

Was the Form 4 signed and when was it filed?

The filing shows a signature by an attorney-in-fact, /s/ Laura Anne Kenwick, dated 08/18/2025.

Did the Form 4 disclose any derivative transactions or a 10b5-1 plan for NCMI?

No derivative securities, exercisable options, or explicit 10b5-1 plan designation are disclosed in the provided content.

What is Juliana F. Hill's relationship to NCMI as stated on the form?

She is reported as a Director of National CineMedia, Inc.