Brian R. Niccol - Jul 12, 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
Jul 12, 2021
Transactions value $
-$12,542,087
Form type
4
Date filed
7/14/2021, 04:32 PM
Previous filing
Jul 9, 2021
Next filing
Jul 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMG common stock Options Exercise $3.52M +10K +36.33% $352.18 37.5K Jul 12, 2021 Direct F1
transaction CMG common stock Tax liability -$3.52M -2.2K -5.87% $1,599.90 35.3K Jul 12, 2021 Direct F2
transaction CMG common stock Sale -$1.6M -1K -2.83% $1,600.37 34.3K Jul 12, 2021 Direct F1, F3
transaction CMG common stock Sale -$1.28M -800 -2.33% $1,601.39 33.5K Jul 12, 2021 Direct F1, F4
transaction CMG common stock Sale -$481K -300 -0.89% $1,602.76 33.2K Jul 12, 2021 Direct F1, F5
transaction CMG common stock Sale -$500K -312 -0.94% $1,603.76 32.9K Jul 12, 2021 Direct F1, F6
transaction CMG common stock Sale -$180K -112 -0.34% $1,604.80 32.8K Jul 12, 2021 Direct F1, F7
transaction CMG common stock Sale -$900K -560 -1.71% $1,606.43 32.2K Jul 12, 2021 Direct F1, F8
transaction CMG common stock Sale -$396K -246 -0.76% $1,607.91 32K Jul 12, 2021 Direct F1, F9
transaction CMG common stock Sale -$1.47M -916 -2.86% $1,608.60 31.1K Jul 12, 2021 Direct F1, F10
transaction CMG common stock Sale -$813K -505 -1.63% $1,609.72 30.6K Jul 12, 2021 Direct F1, F11
transaction CMG common stock Sale -$810K -503 -1.65% $1,610.82 30.1K Jul 12, 2021 Direct F1, F12
transaction CMG common stock Sale -$1.25M -778 -2.59% $1,611.85 29.3K Jul 12, 2021 Direct F1, F13
transaction CMG common stock Sale -$403K -250 -0.85% $1,612.75 29K Jul 12, 2021 Direct F1, F14
transaction CMG common stock Sale -$609K -377 -1.3% $1,614.16 28.7K Jul 12, 2021 Direct F1, F15
transaction CMG common stock Sale -$341K -211 -0.74% $1,615.00 28.5K Jul 12, 2021 Direct F1, F16
transaction CMG common stock Sale -$1.17M -723 -2.54% $1,616.43 27.7K Jul 12, 2021 Direct F1, F17
transaction CMG common stock Sale -$332K -205 -0.74% $1,617.17 27.5K Jul 12, 2021 Direct F1, F18

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 2018 Make-Whole SOSAR Options Exercise $0 -10K -26.12% $0.00 28.3K Jul 12, 2021 common stock 10K $352.18 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This stock appreciation rights exercise and 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.
F2 Consists of shares of common stock retained by Chipotle to satisfy the reporting person's payment obligation upon exercise of the stock appreciation right.
F3 Reflects a weighted-average price. Actual sales prices ranged from $1,600.00 to $1,600.91 per share.
F4 Reflects a weighted-average price. Actual sales prices ranged from $1,601.00 to $1,601.90 per share.
F5 Reflects a weighted-average price. Actual sales prices ranged from $1,602.27 to $1,603.15 per share.
F6 Reflects a weighted-average price. Actual sales prices ranged from $1,603.31 to $1,604.14 per share.
F7 Reflects a weighted-average price. Actual sales prices ranged from $1,604.70 to $1,604.89 per share.
F8 Reflects a weighted-average price. Actual sales prices ranged from $1,606.11 to $1,607.09 per share.
F9 Reflects a weighted-average price. Actual sales prices ranged from $1,607.11 to $1,608.02 per share.
F10 Reflects a weighted-average price. Actual sales prices ranged from $1,608.14 to $1,609.13 per share.
F11 Reflects a weighted-average price. Actual sales prices ranged from $1,609.27 to $1,610.14 per share.
F12 Reflects a weighted-average price. Actual sales prices ranged from $1,610.3250 to $1,611.22 per share.
F13 Reflects a weighted-average price. Actual sales prices ranged from $1,611.50 to $1,612.36 per share
F14 Reflects a weighted-average price. Actual sales prices ranged from $1,612.60 to $1,612.91 per share.
F15 Reflects a weighted-average price. Actual sales prices ranged from $1,613.70 to $1,614.57 per share.
F16 Reflects a weighted-average price. Actual sales prices ranged from $1,614.74 to $1,615.73 per share.
F17 Reflects a weighted-average price. Actual sales prices ranged from $1,615.98 to $1,616.91 per share.
F18 Reflects a weighted-average price. Actual sales prices ranged from $1,616.98 to $1,617.17 per share.

Remarks:

For each transaction on this Form 4 that is reported at a weighted-average price, the filing 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.