Scott Boatwright - Feb 15, 2023 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
Stock symbol: CMG
Transactions as of: Feb 15, 2023
Transactions value $: -$2,835,152
Form type: 4
Date filed: 2/16/2023, 03:33 PM
Previous filing: Feb 13, 2023
Next filing: May 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CMG	common stock	Award	$0	+3.27K	+72.87%	$0.00	7.77K	Feb 15, 2023	Direct	F1
transaction	CMG	common stock	Tax liability	-$2.84M	-1.72K	-22.2%	$1,644.52	6.04K	Feb 15, 2023	Direct	F2

* 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 2020. 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 2020.