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

Rhea-AI Filing Summary

National CineMedia (NCMI) disclosed an insider transaction by its Chief Financial Officer. On 11/10/2025, the CFO executed an open‑market sale of 21,194 shares of common stock at an average price of $3.8898, with trade prices ranging from $3.81 to $3.95.

Following the sale, the officer beneficially owned 159,958 shares. The transaction was conducted pursuant to a Rule 10b5‑1 trading plan adopted on August 25, 2025.

Insights

Insider trading compliance analyst

Routine Form 4 sale under a pre-set 10b5-1 plan; neutral.

The filing reports the CFO sold 21,194 shares at an average price of $3.8898 on 11/10/2025, with a disclosed price range of $3.81 to $3.95. After the sale, the officer beneficially holds 159,958 shares.

The transaction occurred under a Rule 10b5‑1 trading plan adopted on August 25, 2025, indicating pre-arranged instructions. Such administrative disclosures typically do not alter an investment thesis and mainly provide transparency about insider trading activity.

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).

X

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 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)
11/10/2025

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	11/10/2025		S		21,194	D	$3.8898(1)	159,958	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 $3.81 to $3.95.

Remarks:

The reported transaction is an open market sale made pursuant to a 10b5-1 trading plan adopted by the reporting person on August 25, 2025.

	/s/ Jeremy Gibb, as attorney-in-fact	11/12/2025
	** 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 did NCMI disclose in this Form 4 filing?

The CFO reported an open-market sale of 21,194 shares on 11/10/2025 at a $3.8898 average price.

What was the price range for the NCMI shares sold?

The reported sale prices ranged from $3.81 to $3.95.

How many NCMI shares does the CFO own after the transaction?

The officer beneficially owned 159,958 shares following the sale.

Was the NCMI insider sale under a Rule 10b5-1 plan?

Yes. The sale was made under a Rule 10b5‑1 trading plan adopted on August 25, 2025.

Who is the reporting person’s role at NCMI?

The reporting person is the company’s Chief Financial Officer.