NCMI · National CineMedia, Inc. · Insider Trading

. This represents the average price at which these shares of common stock were purchased in multiple trades. The prices ranged from $2.744 to $2.87. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices.

Represents the sale of securities on the open market to satisfy the tax obligation upon the vesting of restricted stock units pursuant to the terms of the award agreement.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

Represents acquisition of common stock upon vesting of restricted stock units.

Represents the sale of securities on the open market to satisfy the tax obligation upon the vesting of restricted stock units pursuant to the terms of the award agreement.

Represents the sale of securities on the open market to satisfy the tax obligation upon the vesting of restricted stock units pursuant to the terms of the award agreement.

Represents the sale of securities on the open market to satisfy the tax obligation upon the vesting of restricted stock units pursuant to the terms of the award agreement.

Represents acquisition of common stock upon vesting of restricted stock units.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

Represents acquisition of common stock upon vesting of restricted stock units.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

Represents acquisition of common stock upon vesting of restricted stock units.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

This represents the average price at which these shares of common stock were sold. The prices ranged from $3.54 to $3.67.

This represents the average price at which these shares of common stock were sold. The prices ranged from $3.495 to $3.58.

This represents the average price at which these shares of common stock were sold. The prices ranged from $3.35 to $3.48.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

The restricted stock units are scheduled to vest on May 7, 2027, provided the reporting person continues to be a director of the Issuer on that date. The restricted stock units will convert to shares of the Issuer's common stock and the shares will be delivered to the reporting person as soon as practicable following the vesting date.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

The restricted stock units are scheduled to vest on May 7, 2027, provided the reporting person continues to be a director of the Issuer on that date. The restricted stock units will convert to shares of the Issuer's common stock and the shares will be delivered to the reporting person as soon as practicable following the vesting date.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

The restricted stock units are scheduled to vest on May 7, 2027, provided the reporting person continues to be a director of the Issuer on that date. The restricted stock units will convert to shares of the Issuer's common stock and the shares will be delivered to the reporting person as soon as practicable following the vesting date.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

The restricted stock units are scheduled to vest on May 7, 2027, provided the reporting person continues to be a director of the Issuer on that date. The restricted stock units will convert to shares of the Issuer's common stock and the shares will be delivered to the reporting person as soon as practicable following the vesting date.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

The restricted stock units are scheduled to vest on May 7, 2027, provided the reporting person continues to be a director of the Issuer on that date. The restricted stock units will convert to shares of the Issuer's common stock and the shares will be delivered to the reporting person as soon as practicable following the vesting date.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

The restricted stock units are scheduled to vest on May 7, 2027, provided the reporting person continues to be a director of the Issuer on that date. The restricted stock units will convert to shares of the Issuer's common stock and the shares will be delivered to the reporting person as soon as practicable following the vesting date.

Represents the sale of securities on the open market to satisfy the tax obligation upon the vesting of restricted stock units pursuant to the terms of the award agreement.

Represents the sale of securities on the open market to satisfy the tax obligation upon the vesting of restricted stock units pursuant to the terms of the award agreement.

Represents the sale of securities on the open market to satisfy the tax obligation upon the vesting of restricted stock units pursuant to the terms of the award agreement.

Represents acquisition of common stock upon vesting of restricted stock units.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

Represents acquisition of common stock upon vesting of restricted stock units.

Represents acquisition of common stock upon vesting of restricted stock units.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

Represents the sale of securities on the open market to satisfy the tax obligation upon the vesting of restricted stock units pursuant to the terms of the award agreement.

Represents the sale of securities on the open market to satisfy the tax obligation upon the vesting of restricted stock units pursuant to the terms of the award agreement.

Represents the sale of securities on the open market to satisfy the tax obligation upon the vesting of restricted stock units pursuant to the terms of the award agreement.

Represents acquisition of common stock upon vesting of restricted stock units.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

Represents acquisition of common stock upon vesting of restricted stock units.

Represents acquisition of common stock upon vesting of restricted stock units.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

Represents the sale of securities on the open market to satisfy the tax obligation upon the vesting of restricted stock units pursuant to the terms of the award agreement.

Represents acquisition of common stock upon vesting of restricted stock units.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

Represents acquisition of common stock upon vesting of restricted stock units.

Represents acquisition of common stock upon vesting of restricted stock units.

Represents acquisition of common stock upon vesting of restricted stock units.

Each restricted stock unit represents the right to receive one share of the Issuer's common stock.