Robert M. Hartnett - 22 May 2023 Form 4 Insider Report for NOODLES & Co (NDLS)

Role
Director
Signature
/s/ David Boennighausen, attorney in fact
Issuer symbol
NDLS
Transactions as of
22 May 2023
Net transactions value
$0
Form type
4
Filing time
23 May 2023, 17:38:28 UTC
Previous filing
11 May 2022
Next filing
17 May 2024
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 $0 +27,027 +21% $0.000000 157,058 22 May 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person is a director of the Issuer and receives a portion of their director fee in the form of RSU's. Pursuant to this arrangement, on an annual basis, RSU's with a value equal to the fees payable, calculated using the closing price on the day of the grant, are delivered to each eligible director. The RSU's settle in common stock on the date of grant.