Marissa Andrada - Jul 22, 2021 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role: Chief D&I and People Officer
Signature: /s/ Helen Kaminski, pursuant to power of attorney previously filed
Stock symbol: CMG
Transactions as of: Jul 22, 2021
Transactions value $: -$2,607,954
Form type: 4
Date filed: 7/23/2021, 04:16 PM
Previous filing: Jul 2, 2021
Next filing: Dec 9, 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CMG	common stock	Options Exercise	$922K	+1.96K	+34.68%	$470.09	7.62K	Jul 22, 2021	Direct
transaction	CMG	common stock	Tax liability	-$923K	-513	-6.74%	$1,800.00	7.1K	Jul 22, 2021	Direct	F1
transaction	CMG	common stock	Sale	-$2.61M	-1.45K	-20.39%	$1,800.00	5.66K	Jul 22, 2021	Direct

Showing 1 to 3 of 3 entries

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 Sign-on SOSAR	Options Exercise	$0	-1.96K	-100%	$0.00^*	0	Jul 22, 2021	common stock	1.96K	$470.09	Direct

* 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 appreciation right.