Melissa Heidman - Mar 14, 2022 Form 4 Insider Report for NOODLES & Co (NDLS)

Role
EVP & General Counsel
Signature
/s/ Kathryn Lockhart, attorney in fact
Stock symbol
NDLS
Transactions as of
Mar 14, 2022
Transactions value $
$120,994
Form type
4
Date filed
3/16/2022, 07:07 PM
Previous filing
Jul 1, 2021
Next filing
Jun 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NDLS Class A Common Stock Award $140K +22.7K +36.93% $6.17 84.1K Mar 14, 2022 Direct F1
transaction NDLS Class A Common Stock Tax liability -$19K -3.08K -3.66% $6.17 81K Mar 14, 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 RSUs. The shares surrendered were valued based on the closing price of the common stock of the Issuer on the date of surrender.