Ng Ronnie Y. 4

What Happened

• Ronnie Y. Ng, Chief Financial Officer of National CineMedia, had 51,666 restricted stock units (RSUs) vest and convert into common stock on March 31, 2026 (recorded as an exercise/conversion of a derivative at $0).
• Following the vesting, 32,350 shares were sold in an open-market transaction on April 1, 2026 at $3.04 per share, generating proceeds of approximately $98,344. The filing also shows a derivative disposition entry for the 51,666-share conversion (reflecting the RSU settlement).

Key Details

• Vesting / conversion date: 2026-03-31 — 51,666 shares acquired at $0 (footnote F1: issuance upon RSU vesting).
• Open-market sale: 2026-04-01 — 32,350 shares sold at $3.04, proceeds ~$98,344 (footnote F2: sale to satisfy tax withholding obligations).
• RSU conversion note: Each RSU equals one share (footnote F3).
• Shares owned after the transactions: not specified in the provided excerpt.
• Filing timeliness: no late filing indicator noted in the excerpt.

Context

• This was a routine RSU vesting event with a sell-to-cover (sale of a portion of the vested shares to satisfy tax withholding). The acquisition is recorded at $0 because it reflects compensation (vested RSUs) rather than a purchased position. Such sales to cover taxes are common and do not necessarily indicate a change in insider sentiment.