Carl E. Lukach - 14 Mar 2022 Form 4 Insider Report for NOODLES & Co (NDLS)

Role
Chief Financial Officer
Signature
/s/ Melissa Heidman, attorney in fact
Issuer symbol
NDLS
Transactions as of
14 Mar 2022
Net transactions value
+$154,028
Form type
4
Filing time
16 Mar 2022, 19:06:02 UTC
Previous filing
02 Dec 2021
Next filing
01 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NDLS Class A Common Stock Award $159,994 +25,931 +104% $6.17 50,977 14 Mar 2022 Direct F1
transaction NDLS Class A Common Stock Tax liability $5,966 -967 -1.9% $6.17 50,010 14 Mar 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of Restricted Stock Units ("RSUs") received on March 14th, 2022. Each RSU represents a right to receive one share of Noodles & Company Class A common stock. The RSUs vest in four equal annual installments beginning on March 14th, 2023.
F2 Represents shares surrendered to the Issuer by the Reporting Person to pay required tax withholdings due upon vesting of Restricted Stock Units. The shares surrendered were valued based on the closing price of the common stock of the Issuer on the date of surrender.