Thomas B. West - Mar 14, 2024 Form 4 Insider Report for NOODLES & Co (NDLS)

Role
Chief Operating Officer
Signature
/s/ Melissa Heidman, attorney in fact
Stock symbol
NDLS
Transactions as of
Mar 14, 2024
Transactions value $
-$19,255
Form type
4
Date filed
3/18/2024, 06:11 PM
Previous filing
Jun 29, 2023
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NDLS Class A Common Stock Tax liability -$15.5K -8.62K -5.58% $1.80 146K Mar 14, 2024 Direct F1
transaction NDLS Class A Common Stock Award $0 +6.13K +4.2% $0.00 152K Mar 14, 2024 Direct F2
transaction NDLS Class A Common Stock Tax liability -$3.74K -2.08K -1.37% $1.80 150K Mar 14, 2024 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 March 14, 2021, the Reporting Person was granted Performance Stock 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.