COTTER MARGARET 4

What Happened
Margaret Cotter, a reported 10% owner of Reading International, was granted 76,638 restricted stock units (RSUs) on April 27, 2026. The Form 4 lists the award as 76,638 units at $0.00 (derivative), meaning no cash purchase occurred; each RSU represents a contingent right to one share upon vesting.

Key Details

• Transaction date: April 27, 2026 (reported on Form 4 filed April 29, 2026). Filing appears timely (reported two days after the grant).
• Transaction type/code: A — Grant/Award (derivative RSUs).
• Amount: 76,638 restricted stock units @ $0.00 (no immediate cash exchange).
• Vesting: Units will fully vest on April 27, 2027 (granted under the Company’s 2020 Stock Incentive Plan). (See footnotes: each RSU converts to one share on vesting.)
• Shares owned after the transaction: Not specified in the provided filing.
• Footnotes: F1—each RSU equals the right to one Class A Non‑Voting common share on vesting; F2—RSUs granted under the 2020 Stock Incentive Plan and fully vest on 4/27/2027.

Context
RSU grants are typically compensation and do not reflect an immediate market purchase or sale. These awards become actual shares only if and when the RSUs vest (here, one year after grant). As a 10% owner, Cotter is a significant shareholder; this grant increases her potential future stake upon vesting but does not represent an immediate cash investment or liquidity event.