Curtis E. Garner - 12 Dec 2025 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role
Pres, Chief Strgy & Tech Off
Signature
/s/ Helen Kaminski, pursuant to power of attorney previously filed
Issuer symbol
CMG
Transactions as of
12 Dec 2025
Net transactions value
-$2,438,636
Form type
4
Filing time
12 Dec 2025, 17:10:11 UTC
Previous filing
02 Dec 2025
Next filing
10 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Garner Curtis E Pres, Chief Strgy & Tech Off C/O CHIPOTLE MEXICAN GRILL, INC., 610 NEWPORT CENTER DRIVE, NEWPORT BEACH /s/ Helen Kaminski, pursuant to power of attorney previously filed 12 Dec 2025 0001641487

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMG common stock Options Exercise $1,165,500 +100,000 +34% $11.66 398,360 12 Dec 2025 Direct
transaction CMG common stock Tax liability $1,165,715 -32,354 -8.1% $36.03 366,006 12 Dec 2025 Direct F1
transaction CMG common stock Sale $2,438,422 -67,646 -18% $36.05 298,360 12 Dec 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CMG 2019 SOSARs Options Exercise $0 -100,000 -54% $0.000000 86,100 12 Dec 2025 common stock 100,000 $11.66 Direct F3
* 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 exercise of the stock only stock appreciation right (SOSAR).
F2 Reflects a weighted-average price. Actual sales prices ranged from $35.955 to $36.12 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.
F3 The SOSAR vested in equal amounts on the second and third anniversaries of the grant date.