R. Niccol - Jun 30, 2021 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role: Chairman, CEO, Director
Signature: /s/ Helen Kaminski, pursuant to power of attorney previously filed
Stock symbol: CMG
Transactions as of: Jun 30, 2021
Transactions value $: -$8,333,709
Form type: 4
Date filed: 7/2/2021, 04:47 PM
Next filing: Jul 9, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CMG	common stock	Tax liability	-$4.4M	-2.84K	-8.62%	$1,550.34	30.1K	Jun 30, 2021	Direct	F1
transaction	CMG	common stock	Sale	-$3.94M	-2.55K	-8.48%	$1,543.90	27.5K	Jul 1, 2021	Direct	F2

* 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 tax obligation in connection with the vesting of performance share units awarded in 2018.
F2	This stock sale was executed under the terms of a Sales Plan intended to comply with Rule 10b5-1 under the Securities and Exchange Act of 1934, as amended.