What is the easiest way to share a template with someone?

The Share Template link is confusing and I don't want the world to see my form, just 1 person. is there a code I can pass along to that person so they don't have to recreate the same form?

Ask your colleague to clone the form instead.

https://www.jotform.com/help/42-How-to-Clone-an-Existing-Form-from-a-URL 

You need to share them the form URL.