Kathryn Lockhart - 14 Mar 2024 Form 4 Insider Report for NOODLES & Co (NDLS)

Signature
/s/ Melissa Heidman, attorney in fact
Issuer symbol
NDLS
Transactions as of
14 Mar 2024
Net transactions value
-$7,949
Form type
4
Filing time
18 Mar 2024, 18:18:53 UTC
Previous filing
29 Jun 2023
Next filing
17 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NDLS Class A Common Stock Tax liability $6,773 -3,763 -9.2% $1.80 37,250 14 Mar 2024 Direct F1
transaction NDLS Class A Common Stock Award $0 +1,915 +5.1% $0.000000 39,165 14 Mar 2024 Direct F2
transaction NDLS Class A Common Stock Tax liability $1,175 -653 -1.7% $1.80 38,512 14 Mar 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 14th, 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.