NATIONAL CINEMEDIA INC

Ticker: NCMI CUSIP: 635309206 Class: Common Stock

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 10,271 Value ($000) $40 Avg Close $4.14 Range $3.81 - $4.56

Q1 2025

Shares 55,417 Value ($000) $324 Avg Close $6.41 Range $4.67 - $7.25

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	10,271	$40	$4.14	$3.81 - $4.56
Q1 2025	55,417	$324	$6.41	$4.67 - $7.25