Avanes Gilbert 4

What Happened Avanes Gilbert, EVP, Chief Financial Officer and Treasurer of Reading International (RDI), had 12,058 shares of Class A common stock withheld by the company to satisfy tax withholding obligations. The shares were disposed on 2026-03-13 at $1.07 per share for a total withholding value of $12,962. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-03-13, 12,058 shares at $1.07 each.
• Reported value: $12,962 total.
• Transaction code: F — shares withheld by the issuer to cover tax withholding.
• Footnote: The shares relate to RSU vestings on April 5, April 11, and April 18, 2025; delivery of the underlying shares was deferred, and the issuer withheld shares to cover tax obligations (per footnote F1).
• Shares owned after transaction: not specified in this filing.
• Filing date and timeliness: Form 4 filed 2026-03-17 — within the required reporting window.

Context Tax-withholding dispositions on vested restricted stock units are routine administrative transactions and differ from open-market sales; they generally do not signal a change in the insider’s view of the company. This filing documents the withholding event rather than an express decision to liquidate holdings.