Marcus (MCS) GC Thomas Kissinger Exercises Options for 110,500 Shares

What Happened

• Thomas F. Kissinger, Senior Executive Vice President, General Counsel & Secretary and a director of Marcus Corporation (MCS), exercised stock options on 2026-08-03 to acquire a total of 110,500 common shares. The exercises had strike amounts of $27.00 (24,400 sh, $658,800), $28.88 (39,000 sh, $1,126,320) and $21.84 (47,100 sh, $1,028,664) — aggregate exercise cost ≈ $2.81M.
• To cover the exercise price and related tax liability, 89,451 shares were withheld/disposed: 20,875 shares at $31.56 ($658,815), 35,848 shares at $31.43 ($1,126,703) and 32,728 shares at $31.43 ($1,028,641). Net result: a net increase of 21,049 shares beneficially owned (110,500 acquired − 89,451 withheld).
• These transactions represent exercises of derivative awards (options); the pattern of acquiring shares then withholding shares for payment/taxes is a common cashless exercise method and not an open-market purchase or sale.

Key Details

• Transaction date: August 3, 2026; Form 4 filed August 5, 2026 (timely filing).
• Exercise line items:
  • 24,400 shares @ $27.00 = $658,800
  • 39,000 shares @ $28.88 = $1,126,320
  • 47,100 shares @ $21.84 = $1,028,664
• Withholding/payment disposals:
  • 20,875 shares @ $31.56 = $658,815
  • 35,848 shares @ $31.43 = $1,126,703
  • 32,728 shares @ $31.43 = $1,028,641
• Net shares acquired: +21,049 shares.
• Footnotes: F1 indicates withholding/payment was effected "By Dividend Reinvestment and Associate Stock Purchase Plan." F2 and F3 describe the original option vesting schedules (multi-year vesting, 4–5 year schedules).
• Filing timeliness: reported within two business days (no late filing flag).

Context

• Because shares were withheld to cover exercise price and taxes, this is effectively a cashless exercise rather than an open-market buy or sale; withholding is routine and often done to satisfy tax obligations.
• The filing discloses option exercises and related share withholding; it does not by itself indicate the insider’s market view.