Christopher W. Brandt - 03 Sep 2021 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role: Chief Marketing Officer
Signature: /s/ Helen Kaminski, pursuant to power of attorney previously filed
Issuer symbol: CMG
Transactions as of: 03 Sep 2021
Net transactions value: -$3,006,432
Form type: 4
Filing time: 03 Sep 2021, 16:58:49 UTC
Previous filing: 06 Aug 2021
Next filing: 03 Jan 2022
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	$807,780	+2,000	+22%	$403.89	11,136	03 Sep 2021	Direct
transaction	CMG	common stock	Tax liability	$808,780	-424	-3.8%	$1907.50	10,712	03 Sep 2021	Direct	F1
transaction	CMG	common stock	Sale	$3,005,432	-1,576	-15%	$1907.00	9,136	03 Sep 2021	Direct

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	-2,000	-53%	$0.000000	1,783	03 Sep 2021	common stock	2,000	$403.89	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.