MARCHESE JOE 4

What Happened Joe Marchese, a director of National CineMedia, had 18,210 restricted stock units (RSUs) vest on 2026-02-27, which converted into 18,210 shares of NCMI common stock. The Form 4 shows the conversion at $0.00 per share (no cash purchase); the filing reports both the acquisition of shares and the simultaneous termination/disposition of the derivative RSU instrument. This was an award/vesting event rather than an open-market buy or sale.

Key Details

• Transaction date: 2026-02-27; reported on Form 4 filed 2026-03-03 (filed within the required two business days).
• Transaction code: M (conversion/exercise of a derivative security).
• Shares converted/acquired: 18,210 common shares at $0.00 per share (no cash exchanged).
• Shares disposed entry reflects termination of the derivative RSU, not a sale to a third party.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 = acquisition of common stock upon vesting of restricted stock units; F2 = each RSU equals one share of common stock.

Context This was a routine compensation/vesting event (RSUs converting to stock). Such conversions are common for executives and directors and do not by themselves indicate buying or selling sentiment in the open market. The filing shows no immediate sale of the converted shares.