SMERLING ROBERT F 4

What Happened

• Robert F. Smerling, President – U.S. Cinemas of Reading International (RDI), reported a disposition of 13,713 Class A shares on March 13, 2026. The filing shows the shares were withheld by the issuer to satisfy tax withholding obligations tied to vested restricted stock units (RSUs). The transaction is reported at $1.07 per share for a total reported value of $14,741.
• This was a tax-withholding disposition (routine administrative action), not an open-market sale or a purchase.

Key Details

• Transaction date: March 13, 2026; Price reported: $1.07 per share; Total reported value: $14,741.
• Transaction type/code: F — shares withheld to cover tax withholding on RSU vesting.
• Footnote: The 13,713 shares were withheld to cover tax obligations related to RSUs that vested on April 5, 2025; April 11, 2025; and April 18, 2025, and to cover deferred delivery of the underlying Class A common stock.
• Shares owned after transaction: Not disclosed in this Form 4 filing.
• Filing timeliness: Form 4 was filed March 17, 2026 (within the required 2 business days), so the filing appears timely.

Context

• Tax-withholding share dispositions are routine and reflect the issuer withholding shares to satisfy tax liabilities when RSUs vest; they do not necessarily signal insider confidence or a decision to liquidate holdings.
• For retail investors monitoring insider activity, purchases or open-market sales often carry more interpretive weight than administrative withholding transactions.