STOCK TITAN
  1. Home
  2. Sec-filings
  3. NCMI
  4. [Form 4] National CineMedia, Inc. Insider Trading Activity

NCMI CFO converts 38,750 RSUs, sells 20,938 shares at $4.4432

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

National CineMedia insider Ronnie Y. Ng, the company's Chief Financial Officer, reported transactions on 09/30/2025 showing the vesting of 38,750 restricted stock units that converted into 38,750 shares and the open-market sale of 20,938 shares at $4.4432 per share to cover taxes. After these transactions Mr. Ng beneficially owned 181,152 shares (down from 202,135 immediately following the RSU vest). The Form 4 was filed by a single reporting person and signed by an attorney-in-fact on 10/02/2025.

Positive

  • 38,750 restricted stock units vested and converted into 38,750 shares, reflecting executed compensation awards
  • Transaction disclosure includes explicit explanation that the 20,938 share sale was to satisfy tax obligations, clarifying intent

Negative

  • Beneficial ownership decreased to 181,152 shares after the tax-withholding sale of 20,938 shares
  • Sale price of $4.4432 per share realized on 20,938 shares, reducing insider shareholdings

Insights

TL;DR: CFO vested 38,750 RSUs and sold 20,938 shares at $4.4432.

The filing shows a routine compensation-related event: 38,750 restricted stock units vested and were converted into the same number of shares on 09/30/2025. The sale of 20,938 shares at $4.4432 is disclosed as a tax-withholding sale tied to that vesting.

This is standard practice when equity awards vest and does not, by itself, disclose new purchases or strategic shifts in ownership; beneficial ownership after the transactions is reported as 181,152 shares.

TL;DR: Transactions are compensation-driven, filed under Section 16 rules.

The Form 4 identifies the reporting person as an officer (Chief Financial Officer) and indicates the transactions were coded M (conversion/vesting) and S (sale). The explanatory notes explicitly state the sale was to satisfy tax obligations from the RSU vesting.

Because the filing is limited to vesting and tax-related disposition, there is no indication of any additional strategic insider buying or selling activity disclosed here.

Insider Ng Ronnie Y.
Role Chief Financial Officer
Sold 20,938 shs ($93K)
Approx. gross sale proceeds $93K
Approx. exercise cost $0.00
Type Security Shares Price Value
Exercise Restricted Stock Units 38,750 $0.00 $0.00
Exercise Common Stock 38,750 $0.00 $0.00
Sale Common Stock 20,938 $4.4432 $93K
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 181,152 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.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Form 4 Insider Transactions: What Each Field Means →

FAQ

What transactions did NCMI CFO Ronnie Y. Ng report on Form 4?
The Form 4 reports the vesting/conversion of 38,750 restricted stock units into 38,750 shares and an open-market sale of 20,938 shares at $4.4432 per share on 09/30/2025.

Why were 20,938 shares sold by Ronnie Y. Ng?
The filing states the sale of 20,938 shares was executed to satisfy the tax obligation resulting from the vesting of restricted stock units.

How many NCMI shares does Ronnie Y. Ng beneficially own after the transactions?
Following the reported transactions, the filing shows beneficial ownership of 181,152 shares.

When did the reported transactions occur?
Both the vesting/conversion and the sale are reported with a transaction date of 09/30/2025.

Who filed the Form 4 for Ronnie Y. Ng?
The Form 4 was filed by one reporting person and the form was signed by Laura Anne Kenwick as attorney-in-fact on 10/02/2025.
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).
1. Name and Address of Reporting Person*
Ng Ronnie Y.
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025
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 09/30/2025 M 38,750(1) A $0 202,135 D
Common Stock 09/30/2025 S 20,938(2) D $4.4432 181,152 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) 09/30/2025 M 38,750 09/30/2025 09/30/2025 Common Stock 38,750 $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 10/02/2025
** 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.

Source: View Original Filing on SEC EDGAR