Bell Nicholas 4

What Happened

Nicholas Bell, a director of National CineMedia, Inc. (NCMI), had 18,210 restricted stock units convert into 18,210 shares on February 27, 2026. The filing shows the derivative (the RSUs) was converted/disposed and 18,210 shares were acquired at a reported price of $0.00 — reflecting RSU vesting rather than a market purchase.

Key Details

• Transaction date: 2026-02-27 (filed with SEC on 2026-03-03). Filing appears within the normal two-business-day window.
• Reported transactions: 18,210 shares acquired @ $0.00 (derivative conversion/exercise, Form 4 code M); the corresponding derivative interest was reported as disposed.
• Shares owned after transaction: not specified in the provided data.
• Footnotes: F1 = acquisition of common stock upon vesting of restricted stock units; F2 = each RSU equals one share of common stock.
• No sale reported — shares were not immediately sold (i.e., not a cashless exercise).

Context

This was a routine compensation event (RSU vesting) converting restricted stock units into common shares, which is recorded at $0 on Form 4 because no cash purchase occurred. Such vesting reflects compensation, not an open-market purchase or a directional trading signal by itself.