Scott Boatwright - 14 Sep 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
14 Sep 2022
Net transactions value
-$5,357,959
Form type
4
Filing time
15 Sep 2022, 16:15:48 UTC
Previous filing
03 Aug 2022
Next filing
06 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 $1,646,325 +2,825 +44% $582.77 9,303 14 Sep 2022 Direct
transaction CMG common stock Options Exercise $2,099,650 +2,450 +26% $857.00 11,753 14 Sep 2022 Direct
transaction CMG common stock Sale $2,096,066 -1,218 -10% $1720.91 10,535 14 Sep 2022 Direct
transaction CMG common stock Sale $46,570 -27 -0.26% $1724.81 10,508 14 Sep 2022 Direct F1
transaction CMG common stock Sale $1,510,514 -875 -8.3% $1726.30 9,633 14 Sep 2022 Direct F2
transaction CMG common stock Sale $1,703,143 -986 -10% $1727.33 8,647 14 Sep 2022 Direct F3
transaction CMG common stock Tax liability $3,747,641 -2,169 -25% $1727.82 6,478 14 Sep 2022 Direct F4

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 -2,825 -100% $0.000000* 0 14 Sep 2022 common stock 2,825 $582.77 Direct F5
transaction CMG 2020 SOSARs Options Exercise $0 -2,450 -50% $0.000000 2,449 14 Sep 2022 common stock 2,450 $857.00 Direct F5
* 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 $1,724.67 to $1,725.00 per share.
F2 Reflects a weighted-average price. Actual sales prices ranged from $1,725.70 to $1,726.67 per share.
F3 Reflects a weighted-average price. Actual sales prices ranged from $1,726.87 to $1,727.65 per share.
F4 Consists of shares of common stock retained by Chipotle to satisfy the reporting person's payment obligation upon exercise of the stock appreciation rights.
F5 The SOSARs vest in equal amounts on the second and third anniversaries of the grant date, subject to possible acceleration of vesting.