Ilene Eskenazi - 22 Aug 2025 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role: Chief Human Resources Officer
Signature: /s/ Helen Kaminski, pursuant to power of attorney previously filed
Issuer symbol: CMG
Transactions as of: 22 Aug 2025
Net transactions value: -$2,414,801
Form type: 4
Filing time: 26 Aug 2025, 16:09:59 UTC
Previous filing: 15 Aug 2025
Next filing: 14 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Eskenazi Ilene	Chief Human Resources Officer	610 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH	/s/ Helen Kaminski, pursuant to power of attorney previously filed	26 Aug 2025	0001834416

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CMG	common stock	Tax liability	$1,268,076	-29,552	-21%	$42.91	111,017	22 Aug 2025	Direct	F1
transaction	CMG	common stock	Sale	$1,146,725	-26,576	-24%	$43.15	84,441	25 Aug 2025	Direct	F2
holding	CMG	common stock						50	22 Aug 2025	Held by son

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of shares of common stock retained by Chipotle to satisfy the reporting person's payment obligation upon vesting of a restricted stock unit.
F2	Reflects a weighted-average price. Actual sales prices ranged from $43.11 to $43.18 per share. For each transaction on this Form 4 that is reported at a weighted average price, the reporting person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.

Content

Consists of shares of common stock retained by Chipotle to satisfy the reporting person's payment obligation upon vesting of a restricted stock unit.

Reflects a weighted-average price. Actual sales prices ranged from $43.11 to $43.18 per share. For each transaction on this Form 4 that is reported at a weighted average price, the reporting person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.