NOODLES & Co — Director's Dealing 2023

May 23, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NOODLES & Co (NDLS)
CIK: 0001275158
Period of Report: 2023-05-22

Reporting Person: MADSEN ANDREW H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-22	Class A Common Stock	A	27027	—	Acquired	69412	Direct

Footnotes

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.