Kathryn Rae Lockhart - Mar 14, 2023 Form 4 Insider Report for NOODLES & Co (NDLS)

Role
Chief Accounting Officer
Signature
/s/ Dave Boennighausen, attorney in fact
Stock symbol
NDLS
Transactions as of
Mar 14, 2023
Transactions value $
-$14,893
Form type
4
Date filed
3/15/2023, 06:34 PM
Previous filing
Jan 13, 2023
Next filing
Jun 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NDLS Class A Common Stock Award $0 +9.82K +28.25% $0.00 44.6K Mar 14, 2023 Direct F1
transaction NDLS Class A Common Stock Tax liability -$14.9K -2.93K -6.56% $5.09 41.7K Mar 14, 2023 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 ("RSU's").Each RSU represents a right to receive one share of Noodles & Company Class A common stock. The RSU's vest in four equal installments beginning on March 14, 2024.
F2 Represents shares surrendered to the Issuer by the Reporting Person to pay required tax withholdings due upon vesting of Restricted Stock Units from grants in March of 2020, 2021 and 2022. The shares surrendered were valued based on the closing price of the common stock of the Issuer on the date of surrender.