NOODLES & Co — Director's Dealing 2022

Jun 30, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NOODLES & Co (NDLS)
CIK: 0001275158
Period of Report: 2022-06-28

Reporting Person: Heidman Melissa (EVP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-28	Class A Common Stock	F	764	$4.82	Disposed	80279	Direct
2022-06-29	Class A Common Stock	F	705	$4.65	Disposed	79574	Direct
2022-06-29	Class A Common Stock	A	8910	—	Acquired	88484	Direct
2022-06-29	Class A Common Stock	F	2576	$4.65	Disposed	85908	Direct

Footnotes

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 June 28th, 2019, the Reporting Person was granted Performance Share 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.