NATIONAL CINEMEDIA INC

Ticker: NCMI CUSIP: 635309206 Class: Common Stock

GRATIA CAPITAL, LLC's Holding History (CIK: 0001599793)

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

Q4 2025

Shares 650,000 Value ($000) $2,529 Avg Close $4.14 Range $3.81 - $4.56

Q3 2025

Shares 650,000 Value ($000) $2,932 Avg Close $4.66 Range $4.14 - $5.14

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	650,000	$2,529	$4.14	$3.81 - $4.56
Q3 2025	650,000	$2,932	$4.66	$4.14 - $5.14