Christopher W. Brandt - Feb 2, 2023 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
Stock symbol
CMG
Transactions as of
Feb 2, 2023
Transactions value $
-$1,112,230
Form type
4
Date filed
2/6/2023, 03:29 PM
Previous filing
Jan 25, 2023
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 $583K +1K +12.85% $582.77 8.78K Feb 2, 2023 Direct
transaction CMG common stock Sale -$1.11M -656 -7.47% $1,695.00 8.13K Feb 2, 2023 Direct F1
transaction CMG common stock Tax liability -$583K -344 -4.23% $1,695.00 7.78K Feb 2, 2023 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 2019 SOSARs Options Exercise $0 -1K -22.12% $0.00 3.52K Feb 2, 2023 common stock 1K $582.77 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These stock appreciation rights exercises and sales were executed under the terms of a Sales Plan intended to comply with Rule 10b5-1 under the Securities and Exchange Act of 1934, as amended.
F2 Consists of shares of common stock retained by Chipotle to satisfy the reporting person's payment obligation upon exercise of the stock appreciation right.
F3 The SOSARs awarded to the reporting person vest in equal amounts on the second and third anniversaries of the grant date, subject to possible acceleration of vesting.