KISSINGER THOMAS F 4

What Happened
Thomas F. Kissinger, Senior Executive Vice President, General Counsel & Secretary and a director of Marcus Corporation (MCS), exercised 50,000 stock options on June 25, 2026. The exercise price was $17.04 per share (total exercise cost $852,000). The company withheld 41,723 of the underlying shares to cover the exercise price and tax withholding (valued at $23.37 per share, total $975,067), leaving a net delivery of 8,277 shares to the insider (approx. $193,433 at the June 25 close). This was a net exercise/cashless-style transaction rather than an open-market purchase or sale.

Key Details

• Transaction date: June 25, 2026; Form 4 filed June 29, 2026 (timely filing).
• Option exercise: 50,000 shares at $17.04 = $852,000 (code M).
• Withheld for payment/taxes: 41,723 shares at $23.37 = $975,067 (code F).
• Net shares retained by insider: 8,277 (approximate). Net value at close: ~$193,433.
• Footnote: Company withheld shares per The Marcus Corporation 2004 Equity and Incentive Awards Plan to cover exercise price and tax withholding (uses closing price of $23.37).
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context

• This was an exercise of options with shares withheld to cover the exercise price and tax obligations (a common cashless/net exercise practice). The filing shows no open-market sale by the insider—the disposed shares were withheld by the company to satisfy obligations.
• Such exercises are routine for option holders and do not by themselves indicate a buy/sell signal; they simply convert option rights into common shares.