Blantyre Capital Ltd - Mar 7, 2025 Form 4 Insider Report for National CineMedia, Inc. (NCMI)

Role: 10%+ Owner
Signature: /s/ Mubashir Mukadam - for Blantyre Capital Limited, By: Mubashir Mukadam, its Director
Stock symbol: NCMI
Transactions as of: Mar 7, 2025
Transactions value $: $2,480,627
Form type: 4
Date filed: 3/11/2025, 09:31 PM
Previous filing: Nov 20, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NCMI	Common Stock	Purchase	$885K	+173K	+1.71%	$5.12	10.3M	Mar 7, 2025	See footnotes	F1, F5
transaction	NCMI	Common Stock	Purchase	$651K	+127K	+3.1%	$5.12	4.23M	Mar 7, 2025	See footnotes	F2, F5
transaction	NCMI	Common Stock	Purchase	$309K	+59.7K	+0.58%	$5.18	10.3M	Mar 10, 2025	See footnotes	F1, F5
transaction	NCMI	Common Stock	Purchase	$228K	+44K	+1.04%	$5.18	4.28M	Mar 10, 2025	See footnotes	F2, F5
transaction	NCMI	Common Stock	Purchase	$235K	+44.1K	+0.43%	$5.32	10.4M	Mar 11, 2025	See footnotes	F1, F5
transaction	NCMI	Common Stock	Purchase	$173K	+32.5K	+0.76%	$5.32	4.31M	Mar 11, 2025	See footnotes	F2, F5
holding	NCMI	Common Stock						4.33M	Mar 7, 2025	See Footnotes	F3, F5
holding	NCMI	Common Stock						8.15M	Mar 7, 2025	See Footnotes	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Held directly by BSSF II Ireland DAC. Blantyre Fund II (GP) Limited is the general partner of the fund entity that is the indirect owner of the Issuer's securities that are held by BSSF II Ireland DAC. Each reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest.
F2	Held directly by BSSF III DAC. Blantyre Fund III (GP) Limited is the general partner of the fund entity that is an indirect owner of the Issuer's securities that are held by BSSF III DAC. Each reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest.
F3	Held directly by Blantyre Mulanje II DAC. Blantyre Mulanje II GP Limited is the general partner of the fund entity that is an indirect owner of the Issuer's securities that are held by Blantyre Mulanje II DAC. Each reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest.
F4	Held directly by Blantyre Capital ICAV acting on behalf of its sub-fund, Blantyre Majete Fund, and indirectly by Blantyre Mulanje III GP Limited. Each reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest.
F5	Blantyre Capital Limited ("Blantyre Capital") serves as the investment advisor for each of the fund vehicles that directly hold the reported securities, which are Blantyre Mulanje II DAC, BSSF II Ireland DAC, and BSSF III DAC, and it also serves as investment advisor to Blantyre Capital ICAV. Mubashir Mukadam is a director, Managing Partner, and Chief Investment Officer of Blantyre Capital. Each reporting person disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest.