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

National CineMedia (NCMI) CFO vests RSUs and sells shares to cover taxes

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

Rhea-AI Filing Summary

National CineMedia, Inc. Chief Financial Officer Ronnie Y. Ng reported routine equity compensation activity. On May 1, he acquired 20,649 shares of common stock at $0.00 per share through the vesting and conversion of restricted stock units. Each unit converted into one common share.

On May 4, he sold 12,925 common shares at an average price of $3.4464 per share, with the filing stating the sale was to satisfy tax obligations related to the vesting. After these transactions, he directly held 204,757 common shares. No derivative awards remain from this vested RSU grant.

Positive

  • None.

Negative

  • None.
Insider Ng Ronnie Y.
Role Chief Financial Officer
Sold 12,925 shs ($45K)
Type Security Shares Price Value
Sale Common Stock 12,925 $3.4464 $45K
Exercise Restricted Stock Units 20,649 $0.00 --
Exercise Common Stock 20,649 $0.00 --
Holdings After Transaction: Common Stock — 204,757 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.
RSU shares vested 20,649 shares Common stock acquired via RSU vesting on May 1, 2026
Shares sold 12,925 shares Common stock sold on May 4, 2026
Sale price $3.4464 per share Average price for 12,925 shares sold
Post-transaction holdings 204,757 shares Common shares directly held after reported transactions
Exercise price $0.00 per share Reported price for RSU conversion into common stock
Derivative exercises 1 transaction, 20,649 shares RSU-to-common stock conversion on May 1, 2026
Net buy/sell shares -12,925 shares Net share movement categorized as sell in summary data
restricted stock units financial
"Restricted Stock Units transaction converting into common stock on May 1, 2026"
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.
vested financial
"Represents acquisition of common stock upon vesting of restricted stock units."
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.
tax obligation financial
"sale of securities on the open market to satisfy the tax obligation upon the vesting"
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/01/2026M20,649(1)A$0217,682D
Common Stock05/04/2026S12,925(2)D$3.4464204,757D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(3)05/01/2026M20,64905/01/202605/01/2026Common Stock20,649$00D
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-fact05/05/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

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

Ronnie Ng reported RSU vesting into 20,649 National CineMedia common shares and a related sale of 12,925 shares. The sale was described as covering tax obligations from the vesting, leaving him with 204,757 shares directly held.

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

Ronnie Ng acquired 20,649 National CineMedia common shares when his restricted stock units vested. The filing notes each RSU converted into one share of common stock at a reported price of $0.00 per share on May 1, 2026.

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

Ronnie Ng sold 12,925 National CineMedia common shares at an average price of $3.4464 per share. The filing explains this sale was conducted on the open market specifically to satisfy tax obligations arising from the RSU vesting.

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

After the reported RSU vesting and tax-related sale, Ronnie Ng directly held 204,757 National CineMedia common shares. This post-transaction ownership figure reflects the net result of acquiring 20,649 shares and selling 12,925 shares disclosed in the Form 4.

Did any restricted stock units remain outstanding for the NCMI CFO after this vesting?

For the specific restricted stock unit grant reported, no units remained after vesting and conversion. The filing shows 20,649 RSUs converted into the same number of common shares, with zero derivative units remaining from that award following the May 1, 2026 transaction.