Christopher W. Brandt - 28 Jul 2022 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: 28 Jul 2022
Net transactions value: -$2,304,551
Form type: 4
Filing time: 01 Aug 2022, 16:54:40 UTC
Previous filing: 01 Jul 2022
Next filing: 14 Dec 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	$403,890	+1,000	+11%	$403.89	10,308	28 Jul 2022	Direct
transaction	CMG	common stock	Tax liability	$404,381	-268	-2.6%	$1508.88	10,040	28 Jul 2022	Direct	F1
transaction	CMG	common stock	Sale	$1,101,660	-732	-7.3%	$1505.00	9,308	28 Jul 2022	Direct
transaction	CMG	common stock	Sale	$1,202,400	-800	-8.6%	$1503.00	8,508	28 Jul 2022	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	-1,000	-56%	$0.000000	783	28 Jul 2022	common stock	1,000	$403.89	Direct	F2

* 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.
F2	The SOSAR vests in equal amounts on the second and third anniversaries of the grant date, subject to possible acceleration of vesting.