Laurie Schalow - 15 Feb 2026 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role: Chief Corp Affairs Officer
Signature: /s/ Helen Kaminski, pursuant to power of attorney previously filed
Issuer symbol: CMG
Transactions as of: 15 Feb 2026
Net transactions value: -$1,330,130
Form type: 4
Filing time: 17 Feb 2026, 17:26:50 UTC
Previous filing: 10 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Schalow Laurie	Chief Corp Affairs Officer	C/O CHIPOTLE MEXICAN GRILL, INC., 610 NEWPORT CENTER DR, NEWPORT BEACH	/s/ Helen Kaminski, pursuant to power of attorney previously filed	17 Feb 2026	0001772380

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CMG	common stock	Award	$0	+76,577	+49%	$0.000000	233,653	15 Feb 2026	Direct	F1
transaction	CMG	common stock	Tax liability	$1,330,130	-37,113	-16%	$35.84	196,540	15 Feb 2026	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents shares issued to the reporting person in settlement of a performance share unit (PSU) awarded in 2023. The PSU settled based on the extent of achievement of predetermined performance goals.
F2	Consists of shares of common stock retained by Chipotle to satisfy the reporting person's tax obligation in connection with the vesting of a PSU awarded in 2023.