Matthew R. Bush - 06 Feb 2026 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role: Controller, PAO
Signature: /s/ Helen Kaminski, pursuant to power of attorney previously filed
Issuer symbol: CMG
Transactions as of: 06 Feb 2026
Net transactions value: +$106,314
Form type: 4
Filing time: 10 Feb 2026, 16:10:36 UTC
Previous filing: 07 Nov 2025
Next filing: 17 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Bush Matthew R	Controller, PAO	C/O CHIPOTLE MEXICAN GRILL, INC., 610 NEWPORT CENTER DR, SUITE 1100, NEWPORT BEACH	/s/ Helen Kaminski, pursuant to power of attorney previously filed	10 Feb 2026	0002086140

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CMG	common stock	Award	$125,024	+3,174	+19%	$39.39	20,107	06 Feb 2026	Direct	F1, F2
transaction	CMG	common stock	Tax liability	$18,710	-475	-2.3%	$39.39	19,755	09 Feb 2026	Direct	F3

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	2026 SOSAR	Award	$0	+20,577		$0.000000	20,577	06 Feb 2026	common stock	20,577	$39.39	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Represents an award of restricted stock units (RSU) that will vest in equal amounts on the second and third anniversary of the grant date, subject to possible acceleration of vesting. Upon exercise, the RSU settles in share of common stock on a 1-to-1 basis.
F2	Includes 123 shares acquired under Chipotle's Employee Stock Purchase Plan in transactions that were exempt under Rule 16b-3(c).
F3	Consists of shares of common stock retained by Chipotle to satisfy the reporting person's payment obligation upon the vesting of an RSU.
F4	Represents an award of a stock only stock appreciation right (SOSAR) that will vest in equal amounts on the second and third anniversaries of the grant date, subject to possible acceleration of vesting. Upon exercise, the SOSAR settles in shares of common stock on a 1-to-1 basis.