Brian R. Niccol - Aug 23, 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
Aug 23, 2021
Transactions value $
-$2,947,328
Form type
4
Date filed
8/24/2021, 04:21 PM
Previous filing
Aug 10, 2021
Next filing
Jan 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMG common stock Options Exercise $599K +1.85K +6.73% $323.11 29.4K Aug 23, 2021 Direct F1
transaction CMG common stock Tax liability -$598K -315 -1.07% $1,899.90 29.1K Aug 23, 2021 Direct F2
transaction CMG common stock Sale -$190K -100 -0.34% $1,900.00 29K Aug 23, 2021 Direct F1
transaction CMG common stock Sale -$5.71K -3 -0.01% $1,903.54 29K Aug 23, 2021 Direct F1
transaction CMG common stock Sale -$194K -102 -0.35% $1,904.84 28.9K Aug 23, 2021 Direct F1, F3
transaction CMG common stock Sale -$187K -98 -0.34% $1,906.00 28.8K Aug 23, 2021 Direct F1
transaction CMG common stock Sale -$191K -100 -0.35% $1,907.75 28.7K Aug 23, 2021 Direct F1
transaction CMG common stock Sale -$766K -400 -1.4% $1,913.88 28.3K Aug 23, 2021 Direct F1, F4
transaction CMG common stock Sale -$383K -200 -0.71% $1,914.98 28.1K Aug 23, 2021 Direct F1, F5
transaction CMG common stock Sale -$453K -235 -0.84% $1,926.41 27.8K Aug 23, 2021 Direct F1, F6
transaction CMG common stock Sale -$386K -200 -0.72% $1,928.81 27.6K Aug 23, 2021 Direct F1, F7
transaction CMG common stock Sale -$193K -100 -0.36% $1,930.00 27.5K Aug 23, 2021 Direct F1

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 SOSAR Options Exercise $0 -1.85K -100% $0.00* 0 Aug 23, 2021 common stock 1.85K $323.11 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These stock appreciation rights exercises and sales were 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 $1,904.83 to $1,905.355 per share.
F4 Reflects a weighted-average price. Actual sales prices ranged from $1,913.35 to $1,914.15 per share.
F5 Reflects a weighted-average price. Actual sales prices ranged from $1,914.87 to $1,915.08 per share.
F6 Reflects a weighted-average price. Actual sales prices ranged from $1,926.34 to $1,926.61 per share.
F7 Reflects a weighted-average price. Actual sales prices ranged from $1,928.50 to $1,929.11 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.