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

National CineMedia insider sale: 2,584 shares sold under 10b5-1 plan

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

Rhea-AI Filing Summary

National CineMedia insider sale disclosed on Form 4. Maria Woods, EVP and General Counsel, executed an open-market sale of 2,584 shares of common stock on 09/17/2025 at an average price of $5.001 per share under a 10b5-1 trading plan adopted May 15, 2025. After the sale, the reporting person beneficially owns 108,662 shares, reported as direct ownership. The Form 4 was signed by attorney-in-fact Laura Anne Kenwick on 09/18/2025. The filing provides transaction price range ($5.000–$5.005) and notes the sale was pursuant to the pre-established trading plan.

Positive

  • Reporting indicates the sale was made pursuant to a 10b5-1 trading plan, suggesting the transaction was pre-arranged and reduces concerns about opportunistic insider trading.
  • Reporting person retains a substantial direct holding of 108,662 shares after the transaction.

Negative

  • Insider disposed of 2,584 shares via open-market sale, which is a reduction in insider ownership reported on Form 4.

Insights

TL;DR: Insider sold a small portion of holdings via a pre-established 10b5-1 plan; remaining direct stake is 108,662 shares.

The sale of 2,584 shares at an average of $5.001 is a routine open-market disposition executed under a 10b5-1 plan, which reduces the likelihood the trade was based on undisclosed material information. The post-transaction direct holding of 108,662 shares remains substantial in absolute terms but the filing does not disclose the investor ownership percentage or company market cap to assess materiality relative to total shares outstanding. No derivative transactions or amendments are reported.

TL;DR: Transaction follows a pre-planned schedule; disclosure is timely and properly executed by attorney-in-fact.

The Form 4 documents an open-market sale executed under a 10b5-1 plan adopted May 15, 2025, which is a governance best practice for predictable insider trading. The filing clearly states the price range ($5.000–$5.005) and was signed by an authorized attorney-in-fact on 09/18/2025. There are no indications of related-party or derivative activity in this filing that would raise additional governance concerns.

Insider Woods Maria VG
Role EVP - General Counsel
Sold 2,584 shs ($13K)
Type Security Shares Price Value
Sale Common Stock 2,584 $5.001 $13K
Holdings After Transaction: Common Stock — 108,662 shares (Direct)
Footnotes (1)
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Form 4 Insider Transactions: What Each Field Means →
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*
Woods Maria VG
(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)
EVP - General Counsel
3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025
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 09/17/2025 S 2,584 D $5.001(1) 108,662 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:
1. This represents the average price at which these shares of common stock were sold. The prices ranged from $5.000 to $5.005.
Remarks:
The reported transaction is an open market sale made pursuant to a 10b5-1 trading plan adopted by the reporting person on May 15, 2025.
/s/ Laura Anne Kenwick, as attorney-in-fact 09/18/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Maria Woods (NCMI) report on Form 4?

The filing reports an open-market sale of 2,584 shares on 09/17/2025 at an average price of $5.001 under a 10b5-1 trading plan.

How many NCMI shares does the reporting person own after the transaction?

The reporting person beneficially owns 108,662 shares (reported as direct ownership) following the sale.

Was the sale part of a pre-established trading plan?

Yes. The sale was executed pursuant to a 10b5-1 trading plan adopted on May 15, 2025.

What price range was reported for the shares sold?

The reported sale price range was $5.000 to $5.005, with an average price of $5.001.

Who signed the Form 4 and when?

The form was signed by Laura Anne Kenwick, as attorney-in-fact, on 09/18/2025.