Noodles & Company (NDLS) CEO receives 32,359-share RSU grant, lifting holdings to 82,126

Rhea-AI Filing Summary

Christina Joseph reported acquisition or exercise transactions in this Form 4 filing.

Noodles & Company director and CEO Christina Joseph received an equity award in the form of restricted stock units. She was granted 32,359 RSUs, each representing the right to receive one share of Noodles & Company Class A common stock, as compensation rather than a cash purchase.

The RSUs vest in four equal installments beginning on May 15, 2027, meaning the shares are earned over time if service-based conditions are met. Following this grant, Joseph directly holds 82,126 shares of Class A common stock, reflecting her ongoing equity stake in the company.

Insights

Equity Compensation Analyst

Routine CEO RSU grant that increases long-term equity alignment.

The filing shows Christina Joseph, CEO and President of Noodles & Company, received 32,359 restricted stock units. This is a non-cash equity award, a common structure for senior executives to align compensation with shareholder value over time.

The RSUs vest in four equal installments starting on May 15, 2027, so the award encourages retention and long-term performance. After the grant, Joseph holds 82,126 shares of Class A common stock, indicating she maintains a meaningful direct ownership position.

Because this is a grant, not an open-market trade, it carries limited signaling value about her view of the stock price. Future filings may detail additional equity awards or vesting events as they occur under the company’s compensation programs.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Christina Joseph

Role CEO and President

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	32,359	$0.00	--

Holdings After Transaction: Class A Common Stock — 82,126 shares (Direct, null)

Footnotes (1)

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Key Figures

RSU grant size: 32,359 RSUs Post-transaction holdings: 82,126 shares Grant price per share: $0.0000 per share +2 more

5 metrics

RSU grant size 32,359 RSUs Award of restricted stock units to CEO

Post-transaction holdings 82,126 shares Class A common stock held directly after grant

Grant price per share $0.0000 per share Reported transaction price for RSU award

Vesting start date May 15, 2027 First of four equal RSU vesting installments

Vesting structure Four equal installments RSUs vest over four tranches beginning May 15, 2027

Key Terms

Restricted Stock Units, RSU's, Class A common stock, Grant, award, or other acquisition

4 terms

Restricted Stock Units financial

"Award of Restricted Stock Units ("RSU's"). Each RSU represents a right to receive one share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

RSU's financial

"Award of Restricted Stock Units ("RSU's"). Each RSU represents a right to receive one share"

Class A common stock financial

"one share of Noodles & Company Class A common stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Christina Joseph

(Last) (First) (Middle)

520 ZANG ST

SUITE D

(Street)

BROOMFIELD COLORADO 80021

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NOODLES & Co [ NDLS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/15/2026		A		32,359(1)	A	$0	82,126	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Award of Restricted Stock Units ("RSU's"). Each RSU represents a right to receive one share of Noodles & Company Class A common stock. The RSU's vest in four equal installments beginning on May 15, 2027.

Remarks:

	/s/ Kathryn Lockhart, attorney in fact	05/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did NDLS CEO Christina Joseph acquire in this Form 4 filing?

Christina Joseph received 32,359 restricted stock units, not purchased shares. Each RSU represents a right to receive one share of Noodles & Company Class A common stock, granted as part of her equity compensation rather than through an open-market transaction.

How do the new RSUs for NDLS CEO Christina Joseph vest?

The 32,359 RSUs vest in four equal installments beginning on May 15, 2027. This means the award is earned gradually over several years, supporting executive retention and tying Joseph’s realized compensation to her continued service at Noodles & Company.

How many NDLS shares does Christina Joseph hold after this RSU grant?

After the RSU award, Christina Joseph directly holds 82,126 shares of Noodles & Company Class A common stock. This figure, disclosed in the Form 4, reflects her direct ownership position immediately following the 32,359-share restricted stock unit grant.

Was this NDLS Form 4 transaction a stock purchase or sale by the CEO?

No, the Form 4 reports an equity award, not a market trade. Christina Joseph received 32,359 restricted stock units as a grant with a reported price of $0.0000 per share, so there was no open-market buying or selling activity in this specific filing.

What type of security was granted to NDLS CEO Christina Joseph in this filing?

The filing reports an award of restricted stock units, each tied to one share of Noodles & Company Class A common stock. RSUs are a common executive compensation tool that convert into actual shares over time as vesting conditions are satisfied.