Lockhart Kathryn Rae 4

What Happened Kathryn Rae Lockhart, Chief Accounting Officer of Noodles & Co (NDLS), surrendered 192 shares on March 14, 2026 to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The shares were valued at $6.11 each for a total of $1,173 and were disposed of to the issuer as payment for required tax withholdings.

Key Details

• Transaction date: 2026-03-14; Filing date: 2026-03-17 (Form 4 accession 0001579599-26-000003). The filing does not indicate a late-report flag.
• Price per share: $6.11; Shares surrendered/disposed: 192; Total value: $1,173.
• Footnote: Shares were surrendered to the issuer to pay required tax withholdings on RSU vesting; surrender value based on the closing stock price on the date of surrender (F1).
• Shares owned after the transaction: not disclosed in the provided excerpt.
• All share figures in the filing reflect a 1-for-8 reverse stock split implemented on February 18, 2026.

Context This was a tax-withholding transaction (code F) tied to RSU vesting, not an open-market sale or purchase. Such share surrenders to cover taxes are routine and do not necessarily indicate the insider's market view.