Form 4: Noodles & Company CFO Michael Hynes Surrenders Shares for Tax Withholding

Noodles & Company's Chief Financial Officer, Michael Hynes, surrendered 4,323 shares of Class A Common Stock to cover tax obligations related to the vesting of Restricted Stock Units.

Summary

• Michael Hynes, Chief Financial Officer of Noodles & Company (NDLS), engaged in a transaction on July 24, 2025.
• Hynes surrendered 4,323 shares of Class A Common Stock to the Issuer.
• The purpose of the surrender was to pay required tax withholdings due upon the vesting of Restricted Stock Units.
• The shares were valued at $0.951 per share, based on the closing price of the common stock on the date of surrender.
• Following this transaction, Hynes beneficially owns 171,917 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction (tax withholding upon RSU vesting) by an insider, which is neutral in sentiment and does not indicate positive or negative company performance or outlook.

Future Outlook

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

Industry Context

This filing details a routine insider transaction related to equity compensation, common across all industries for executives receiving Restricted Stock Units. It does not provide broader insights into the restaurant industry or Noodles & Company's competitive position.

Related Party Transactions

• The transaction involves the surrender of shares by Michael Hynes, Chief Financial Officer, to Noodles & Company to satisfy tax withholding obligations arising from the vesting of Restricted Stock Units, which is a standard related-party transaction within an equity compensation framework.

Stakeholder Impact

• Shareholders: The transaction is a routine administrative event and is unlikely to have a material impact on existing shareholders. It reflects a standard mechanism for executives to manage tax liabilities from equity compensation.
• Employees: The transaction is specific to executive compensation and does not directly impact the broader employee base, though it is part of a common compensation structure.

Key Dates

Keywords

Noodles & Company, NDLS, Michael Hynes, Chief Financial Officer, CFO, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Equity Compensation