KISSINGER THOMAS F 4

What Happened Thomas F. Kissinger, Senior Executive Vice President, General Counsel & Secretary and a director of Marcus Corporation (MCS), exercised stock options on April 13, 2026. The filing shows an option exercise of 42,450 shares at a $15.99 strike (acquisition value reported $678,776). The company withheld 38,511 shares using the April 13 closing price of $19.17 (value reported $738,256) to satisfy the exercise price and tax withholding — i.e., a net (cashless) exercise. Footnote F1 states the reporting person received 56,600 shares on net exercise (as reported in the filing).

Key Details

• Transaction date: 2026-04-13; Form 4 filed 2026-04-15 (filed within the normal 2‑business‑day window).
• Exercise: 42,450 option shares at $15.99 → reported value $678,776 (code M).
• Withholding/tax disposition: 38,511 shares withheld at $19.17 (closing price) → reported value $738,256 (code F).
• Filing notes: F1 explains this was a net exercise and reports receipt of 56,600 shares; F3/F4 describe original option vesting schedules; F2 refers to dividend reinvestment/associate purchase plan.
• Shares owned after transaction: not specified in the excerpt of the filing.

Context This was a cashless/net exercise of options (company withheld shares to cover the exercise price and taxes), a routine type of insider transaction that converts option rights into stock rather than an open-market buy or sale. The filing does not by itself indicate the insider’s view on the company’s stock. The filing appears timely.