Taylor Shawn A 4

What Happened Shawn A. Taylor, a director of NOODLES & Co (NDLS), was granted/received 7,103 restricted stock units (RSUs) that settled into common shares on May 15, 2026. The RSUs were recorded at $0.00 per share on the Form 4 (transaction code A for award), with a notional grant value calculated at $12.67 per share — roughly $89,995 (~$90k).

Key Details

• Transaction date: May 15, 2026; reported on Form 4 filed May 19, 2026.
• Transaction type/code: Award/Grant (A). Price shown: $0.00; number of shares acquired: 7,103.
• Notional value: 7,103 × $12.67 = ~$89,995 (per footnote disclosure).
• Shares owned after transaction: Not specified in the filing.
• Footnote: Director fees are paid in RSUs annually; RSUs settle into common stock on the grant date (footnote F1).
• Filing timeliness: Filed May 19, 2026 — appears timely (within the 2-business-day Form 4 reporting window).

Context This was a routine director compensation award (RSUs) rather than an open-market purchase or sale. RSU awards are common as part of board pay and do not by themselves indicate a change in the director’s market view. The award settled to shares immediately per the filing.