MADSEN ANDREW H 4
4 · NOODLES & Co · Filed Mar 7, 2024
Insider Transaction Report
Form 4
NOODLES & CoNDLS
MADSEN ANDREW H
Director
Transactions
- Award
Class A Common Stock
2024-03-06+199,203→ 368,615 total - Tax Payment
Class A Common Stock
2024-03-06$2.51/sh−25,060$62,901→ 343,555 total - Award
Stock Option (Right to Buy)
2024-03-06+250,000→ 250,000 totalExercise: $2.51Exp: 2034-03-06→ Class A Common Stock (250,000 underlying)
Footnotes (3)
- [F1]Award of Restricted Stock Units ("RSU's"). Each RSU represents a right to receive one share of Noodles & Company Class A common stock ("common stock"). The RSU's vest in 1/3 increments on the first three anniversaries of the grant date.
- [F2]Represents shares surrendered to the Issuer by the Reporting Person to pay required tax withholdings due upon vesting of RSUs. The shares were valued based on the closing price of the common stock on the date of surrender.
- [F3]Options will vest and become exercisable on the third anniversary of the grant date, provided that the greater of (A) the closing price of the common stock on the trading day immediately preceding the vesting date, or (B) the daily volume weighted average price of the common stock during the 45 day period ending immediately prior to the vesting date equals or exceeds certain levels.