Form 4: Noodles & Co. Executive Sells Shares for Tax Withholding

Noodles & Company EVP of Technology, Corey Kline, disposed of 192 shares of Class A Common Stock to cover tax withholdings related to RSU vesting.

Summary

• Corey Kline, Executive Vice President of Technology at Noodles & Company (NDLS), reported a transaction on March 14, 2026.
• Kline disposed of 192 shares of Class A Common Stock at a price of $6.11 per share.
• This disposition was made to satisfy required tax withholdings due upon the vesting of Restricted Stock Units.
• The shares surrendered were valued based on the closing price of the common stock on the date of surrender.
• Following this transaction, Kline beneficially owns 10,536 shares of Class A Common Stock.
• All figures presented in this report reflect a 1-for-8 reverse stock split of the Issuer's Class A common stock, which was implemented on February 18, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a non-discretionary sale of shares to cover tax liabilities associated with equity compensation, a common occurrence for executives.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that this Form 4 filing details a routine insider transaction for tax withholding purposes, which is common practice for executives receiving equity compensation. It does not provide insights into broader industry trends or competitive positioning for Noodles & Company.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction by an executive for tax purposes and does not indicate a change in investment sentiment or company fundamentals.

Key Dates

Keywords

Noodles & Company, NDLS, Corey Kline, Insider Transaction, Form 4, Restricted Stock Units, Tax Withholding, Stock Split