Avanes Gilbert 4

What Happened
Avanes Gilbert, EVP, Chief Financial Officer and Treasurer of Reading International, had 24,400 restricted stock units (RSUs) fully vest on April 11, 2026 and converted those units into 24,400 shares of Class A common stock (transaction code M). The reported exercise/conversion price was $0.00 (i.e., no cash paid to acquire the shares). A related withholding/tax payment entry (transaction code F) was reported for the same 24,400 shares, indicating tax withholding or payment tied to the vesting/delivery of the shares. No open-market sale occurred.

Key Details

• Transaction date: April 11, 2026; Form 4 filed April 14, 2026 (SEC Accession 0001672000-26-000005).
• Shares involved: 24,400 RSUs converted to 24,400 shares; exercise/conversion price reported as $0.00.
• Tax/withholding: Code F noted for 24,400 shares (withholding/payment tied to the vesting).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1–F3 explain RSUs convert 1:1 to shares on vesting; these RSUs were part of a 4/11/2023 grant (81,577 RSUs total) with scheduled vesting and performance-based vesting; the 24,400 RSUs in this filing are fully vested and will be delivered per the reporting person’s irrevocable deferral election.

Context: This was a routine vesting/conversion of previously granted RSUs, not a purchase or sale. The filing shows issuance/delivery and tax withholding associated with vesting. For retail investors, vesting/award receipts are informative about compensation realization but do not necessarily indicate the insider is buying or selling stock.