SMERLING ROBERT F 4

What Happened
Robert F. Smerling, President — U.S. Cinemas of Reading International, Inc. (RDI), had 8,768 restricted stock units (RSUs) fully vest on April 18, 2026 and those units were converted into 8,768 shares of Class A Non‑Voting Common Stock. The Form 4 reports the derivative conversion (transaction code M) with a $0.00 cash price — the shares are being delivered in accordance with the reporting person’s irrevocable deferral election (no open‑market sale).

Key Details

• Transaction date: April 18, 2026 (reported on Form 4 filed April 21, 2026).
• Transaction type: Conversion/exercise of derivative (M) — 8,768 RSUs converted to 8,768 shares. Disposal line shows $0.00 proceeds (no sale).
• Origin of award: These RSUs were part of a 46,763‑unit grant made April 18, 2022; 8,768 of those RSUs vested on April 18, 2026 (see footnotes).
• Shares owned after transaction: Not disclosed on the Form 4.
• Filing timeliness: Form 4 was filed April 21, 2026 (within the standard two business‑day reporting window for Form 4 filings in this case).
• Notes: F1–F3 explain that each RSU equals one share upon vesting, detail the 2022 grant schedule, and confirm delivery per an irrevocable deferral election.

Context
This was not a market purchase or sale — it was the routine vesting/conversion of previously granted RSUs into stock. Such conversions are standard compensation events for executives and do not, by themselves, indicate buying or selling intent in the open market.