Scott Boatwright - 10 Feb 2022 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role: Chief Restaurant Officer
Signature: /s/ Helen Kaminski, pursuant to power of attorney previously filed
Issuer symbol: CMG
Transactions as of: 10 Feb 2022
Net transactions value: -$5,669,200
Form type: 4
Filing time: 14 Feb 2022, 15:25:47 UTC
Previous filing: 09 Feb 2022
Next filing: 31 May 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	Award	$0	+6,692	+75%	$0.000000	15,647	10 Feb 2022	Direct	F1
transaction	CMG	common stock	Tax liability	$5,669,200	-3,524	-23%	$1608.74	12,123	10 Feb 2022	Direct	F2

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	2022 SOSAR	Award	$0	+3,273		$0.000000	3,273	10 Feb 2022	common stock	3,273	$1578.00	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares issued to the reporting person in settlement of a performance share unit (PSU) awarded in 2019. The PSU settled based on the achievement of predetermined performance goals.
F2	Consists of shares of common stock retained by Chipotle to satisfy the reporting person's tax obligation in connection with the vesting of a PSU awarded in 2019.
F3	The SOSAR vests in equal amounts on the second and third anniversaries of the grant date, subject to possible acceleration of vesting.