[Form 4] READING INTERNATIONAL INC Insider Trading Activity

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

READING INTERNATIONAL INC executive Robert F. Smerling exercised previously granted restricted stock units into Class A Non-Voting Common Stock. On April 18, 2026, 8,768 restricted stock units converted into 8,768 shares at a price of $0.00 per share, increasing his directly held Class A Non-Voting Common Stock to 109,945 shares.

The derivative position in these 8,768 restricted stock units is now fully settled, with zero such units remaining after the transaction. According to prior grant terms, these units were part of a larger award granted on April 18, 2022 under the company’s 2020 Stock Incentive Plan and became fully vested on April 18, 2026. The underlying shares will be delivered in line with Smerling’s irrevocable deferral election.

Insider Trade Summary

8,768 shares exercised/converted

Mixed 2 txns

Insider SMERLING ROBERT F

Role President - U.S. Cinemas

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	8,768	$0.00	--
Exercise	Class A Non-Voting Common Stock	8,768	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Class A Non-Voting Common Stock — 109,945 shares (Direct, null)

Footnotes (1)

Each Restricted Stock Unit represents the contingent right to receive one share of Class A Non-Voting Common Stock upon vesting of the unit. As previously reported, a total of 46,763 restricted stock units were granted on April 18, 2022 pursuant to the Company's 2020 Stock Incentive Plan. Of that amount, (i) 35,072 restricted stock units vest in four equal annual installments on April 18, 2023, April 18, 2024, April 18, 2025 and April 18, 2026; and (ii) 11,691 performance-based restricted stock units (PRSU) vest on April 18, 2025 based on the Compensation and Stock Option Committee certification of the performance level achieved. 8,768 restricted stock units are fully vested on April 18, 2026. The underlying shares of Class A Common Stock in Reading International, Inc. will be delivered to the reporting person in accordance with their irrevocable deferral election.

Form 4 Insider Transactions: What Each Field Means →

04/21/2026 - 06:46 PM

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^*

SMERLING ROBERT F

(Last)

(First)

(Middle)

189 SECOND AVENUE

SUITE 2S

(Street)

NEW YORK

10003

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
READING INTERNATIONAL INC [ RDI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President - U.S. Cinemas

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/18/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Non-Voting Common Stock	04/18/2026		M		8,768	A	⁽¹⁾	109,945	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	04/18/2026		M			8,768	⁽²⁾⁽³⁾	⁽²⁾⁽³⁾	Class A Non-Voting Common Stock	8,768	$0	0	D

Explanation of Responses:

1. Each Restricted Stock Unit represents the contingent right to receive one share of Class A Non-Voting Common Stock upon vesting of the unit.

2. As previously reported, a total of 46,763 restricted stock units were granted on April 18, 2022 pursuant to the Company's 2020 Stock Incentive Plan. Of that amount, (i) 35,072 restricted stock units vest in four equal annual installments on April 18, 2023, April 18, 2024, April 18, 2025 and April 18, 2026; and (ii) 11,691 performance-based restricted stock units (PRSU) vest on April 18, 2025 based on the Compensation and Stock Option Committee certification of the performance level achieved.

3. 8,768 restricted stock units are fully vested on April 18, 2026. The underlying shares of Class A Common Stock in Reading International, Inc. will be delivered to the reporting person in accordance with their irrevocable deferral election.

	/s/ Robert F. Smerling	04/21/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did RDI executive Robert F. Smerling report in this Form 4 filing?

Robert F. Smerling reported the exercise of 8,768 restricted stock units into 8,768 shares of Class A Non-Voting Common Stock at $0.00 per share. This increased his directly held Class A Non-Voting Common Stock position to 109,945 shares after the transaction.

How many Reading International (RDI) shares does Smerling hold after this transaction?

After exercising the restricted stock units, Smerling directly holds 109,945 shares of Class A Non-Voting Common Stock. This figure reflects his updated ownership following the conversion of 8,768 restricted stock units into common shares on April 18, 2026.

What type of securities were involved in Smerling’s RDI Form 4 transaction?

The transaction involved restricted stock units that converted into Class A Non-Voting Common Stock. Specifically, 8,768 restricted stock units were exercised, eliminating that derivative position and resulting in 8,768 newly issued shares of Class A Non-Voting Common Stock credited to Smerling’s direct holdings.

When were the restricted stock units in this RDI Form 4 originally granted?

The restricted stock units were originally granted on April 18, 2022 under Reading International’s 2020 Stock Incentive Plan. A total of 46,763 units were granted then, with portions vesting annually and a separate tranche of performance-based restricted stock units scheduled to vest based on performance certification.

What does it mean that 8,768 RDI restricted stock units were fully vested on April 18, 2026?

Fully vested means Smerling’s rights to these 8,768 restricted stock units were no longer subject to forfeiture. On April 18, 2026, they converted into 8,768 shares of Class A Common Stock, which will be delivered according to his irrevocable deferral election instructions.

How many RDI restricted stock units were covered by Smerling’s April 18, 2022 grant?

The April 18, 2022 grant covered a total of 46,763 restricted stock units. Of this amount, 35,072 units vest in four equal annual installments, and 11,691 performance-based restricted stock units vest based on certified performance levels on April 18, 2025.