NCMI CEO vests RSUs and sells shares for taxes

National CineMedia, Inc. Chief Executive Officer Thomas F. Lesinski reported routine equity compensation activity and related share sales.

Rhea-AI Filing Summary

National CineMedia, Inc. Chief Executive Officer Thomas F. Lesinski reported routine equity compensation activity and related share sales. On March 31, 2026, he acquired 103,333 shares of common stock upon vesting of restricted stock units, with each unit converting into one share at a $0.00 exercise price.

On April 1, 2026, Lesinski sold 64,699 shares of common stock at $3.04 per share. According to the disclosure, 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. Following these transactions, he directly owns 559,031 shares of National CineMedia common stock.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Lesinski Thomas F.

Role Chief Executive Officer

Sold 64,699 shs ($197K)

Approx. gross sale proceeds $197K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Common Stock	64,699	$3.04	$197K
Exercise	Restricted Stock Units	103,333	$0.00	$0.00
Exercise	Common Stock	103,333	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 559,031 shares (Direct)

Footnotes (3)

1. F1. Represents acquisition of common stock upon vesting of restricted stock units.
2. 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.
3. F3. Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

Key Figures

Shares sold: 64,699 shares Sale price: $3.04 per share RSUs converted: 103,333 units +2 more

5 metrics

Shares sold 64,699 shares Open-market sale on April 1, 2026 at $3.04

Sale price $3.04 per share Price for 64,699 shares sold on April 1, 2026

RSUs converted 103,333 units Restricted stock units vested into common stock March 31, 2026

Exercise price $0.00 per share Conversion of 103,333 RSUs into common stock

Shares owned after 559,031 shares Direct common stock holdings after reported transactions

Key Terms

Restricted Stock Units, open market, derivative exercise/conversion

3 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.

open market financial

"Represents the 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 exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

FAQ

What insider transactions did NCMI CEO Thomas Lesinski report on this Form 4?

Thomas Lesinski reported RSU vesting and a related share sale. He acquired 103,333 National CineMedia (NCMI) common shares from restricted stock units, then sold 64,699 shares on the open market, primarily to cover tax obligations tied to the vesting event.

How many National CineMedia (NCMI) shares did the CEO acquire from RSU vesting?

The CEO acquired 103,333 common shares through RSU vesting. On March 31, 2026, restricted stock units converted one-for-one into National CineMedia common stock at a $0.00 exercise price, reflecting standard equity compensation rather than an open-market purchase.

How many NCMI shares did the CEO sell, and at what price?

He sold 64,699 National CineMedia shares at $3.04 each. The sale occurred on April 1, 2026, in open-market transactions, and the filing explains it was executed to satisfy tax obligations arising from the restricted stock unit vesting.

Why did the NCMI CEO sell shares after the RSU vesting?

The sale was to cover tax obligations from RSU vesting. The filing states the 64,699 shares were sold on the open market under the award agreement’s terms to satisfy taxes due when 103,333 restricted stock units vested into common stock.

How many National CineMedia (NCMI) shares does the CEO hold after these transactions?

After the reported transactions, the CEO holds 559,031 shares. This figure represents Thomas Lesinski’s directly owned National CineMedia common stock position following the March 31, 2026 RSU conversion and the April 1, 2026 tax-related share sale.

Were the NCMI CEO’s reported sales discretionary or tax-related?

The reported sales were tax-related rather than discretionary. The filing notes the 64,699 shares sold on April 1, 2026 were transacted to satisfy tax obligations triggered by the vesting of restricted stock units, consistent with standard equity award practices.

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Accepted by SEC EDGAR 04/02/2026 - 04:39 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^*

Lesinski Thomas F.

(Last) (First) (Middle)

C/O NATIONAL CINEMEDIA, INC.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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	03/31/2026		M		103,333(1)	A	$0	623,730	D
Common Stock	04/01/2026		S		64,699(2)	D	$3.04	559,031	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	(3)	03/31/2026		M			103,333	03/31/2026	03/31/2026	Common Stock	103,333	$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/ Laura Anne Kenwick, as attorney-in-fact	04/02/2026
	** 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)