Melissa Heidman - Jun 28, 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
Jun 28, 2022
Transactions value $
-$18,939
Form type
4
Date filed
6/30/2022, 05:53 PM
Previous filing
Mar 16, 2022
Next filing
Jan 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NDLS Class A Common Stock Tax liability -$3.68K -764 -0.94% $4.82 80.3K Jun 28, 2022 Direct F1
transaction NDLS Class A Common Stock Tax liability -$3.28K -705 -0.88% $4.65 79.6K Jun 29, 2022 Direct F1
transaction NDLS Class A Common Stock Award $0 +8.91K +11.2% $0.00 88.5K Jun 29, 2022 Direct F2
transaction NDLS Class A Common Stock Tax liability -$12K -2.58K -2.91% $4.65 85.9K Jun 29, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 On June 28th, 2019, the Reporting Person was granted Performance Share Units ("PSUs"), the vesting of which is subject to the achievement of certain performance criteria. The number of shares reported represents the number of PSUs that were earned as a result of the achievement of such performance criteria.
F3 Represents shares surrendered to the Issuer by the Reporting Person to pay required tax withholdings due upon vesting of PSUs. The shares were valued based on the closing price of the common stock of the Issuer on the date of surrender.