Roger E. Theodoredis - Jul 28, 2022 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role
Chief Legal Officer & GC
Signature
/s/ Helen Kaminski, pursuant to power of attorney previously filed
Stock symbol
CMG
Transactions as of
Jul 28, 2022
Transactions value $
-$2,511,172
Form type
4
Date filed
8/1/2022, 05:01 PM
Previous filing
Sep 27, 2022
Next filing
Feb 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMG common stock Options Exercise $988K +1.7K +43.88% $582.77 5.56K Jul 28, 2022 Direct
transaction CMG common stock Options Exercise $1.14M +1.34K +24.04% $857.00 6.89K Jul 28, 2022 Direct
transaction CMG common stock Sale -$1.89M -1.24K -17.93% $1,533.17 5.66K Jul 28, 2022 Direct F1
transaction CMG common stock Sale -$614K -400 -7.07% $1,534.29 5.26K Jul 28, 2022 Direct F2
transaction CMG common stock Tax liability -$2.14M -1.4K -26.53% $1,530.61 3.86K Jul 28, 2022 Direct F3

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 2019 SOSARs Options Exercise $0 -1.7K -100% $0.00* 0 Jul 28, 2022 common stock 1.7K $582.77 Direct F4
transaction CMG 2020 SOSARs Options Exercise $0 -1.34K -50% $0.00 1.34K Jul 28, 2022 common stock 1.34K $857.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a weighted-average price. Actual sales prices ranged from $1,533.1221 to $1,534.0675 per share.
F2 Reflects a weighted-average price. Actual sales prices ranged from $1,534.1925 to $1,534.3500 per share.
F3 Consists of shares of common stock retained by Chipotle to satisfy the reporting person's payment obligation upon exercise of the stock appreciation rights.
F4 The SOSARs vest in equal amounts on the second and third anniversaries of the grant date, subject to possible acceleration of vesting.

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.