JONES JEFFREY W 4

What Happened Jeffrey W. Jones, a director of NOODLES & Co (NDLS), received an award of 10,655 restricted stock units (RSUs) on 2026-05-15. The Form 4 reports the acquisition at $0.00 (award), with the company using a notional price of $12.67 to value the grant at $134,998.85. The RSUs settled into common stock on the grant date as part of his director compensation — this is a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-19.
• Transaction type/code: Award/Grant (A); acquisition price reported as $0.00.
• Shares awarded: 10,655 RSUs; notional valuation: $12.67 per share → $134,998.85 total.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnote: Director fees are partly paid in RSUs annually; RSUs settle in common stock on grant.
• No indication in this filing of a 10b5-1 plan, sale, or tax-withholding transactions.

Context This was a routine director compensation grant (RSUs) rather than a market purchase or sale. Such awards are standard for non-employee directors and do not, on their own, signal buying or selling intent in the open market. Purchases or sales by insiders are often more informative about personal views on the stock; awards primarily reflect pay structure.