Andrew H. Madsen - 09 Nov 2023 Form 4 Insider Report for NOODLES & Co (NDLS)

Role: Chief Executive Officer, Director
Signature: /s/ Melissa Heidman, attorney in fact
Issuer symbol: NDLS
Transactions as of: 09 Nov 2023
Net transactions value: $0
Form type: 4
Filing time: 13 Nov 2023, 19:28:46 UTC
Previous filing: 23 May 2023
Next filing: 07 Mar 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	+100,000	+144%	$0.000000	169,412	09 Nov 2023	Direct	F1

* 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 November 9, 2023. Each RSU represents a right to receive one share of Noodles & Company Class A common stock. The RSUs vest upon the earlier of the date a permanent Chief Executive Officer commences employment with the Company or a Change in Control (as defined in the Company's 2023 Stock Incentive Plan), subject to the Reporting Person's continued employment with the Company through the date thereof.

Content

Award of Restricted Stock Units ("RSUs") received on November 9, 2023. Each RSU represents a right to receive one share of Noodles & Company Class A common stock. The RSUs vest upon the earlier of the date a permanent Chief Executive Officer commences employment with the Company or a Change in Control (as defined in the Company's 2023 Stock Incentive Plan), subject to the Reporting Person's continued employment with the Company through the date thereof.