NOODLES & Co — Director's Dealing 2024

Mar 18, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NOODLES & Co (NDLS)
CIK: 0001275158
Period of Report: 2024-03-14

Reporting Person: Lockhart Kathryn Rae (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-03-14	Class A Common Stock	F	3763	$1.80	Disposed	37250	Direct
2024-03-14	Class A Common Stock	A	1915	—	Acquired	39165	Direct
2024-03-14	Class A Common Stock	F	653	$1.80	Disposed	38512	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 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.