Laurie Schalow - May 1, 2023 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role
Chief Corp Affairs, Food Sft
Signature
/s/ Helen Kaminski, pursuant to power of attorney previously filed
Stock symbol
CMG
Transactions as of
May 1, 2023
Transactions value $
-$7,562,756
Form type
4
Date filed
5/2/2023, 04:22 PM
Previous filing
Feb 16, 2023
Next filing
Nov 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMG common stock Options Exercise $560K +961 +27.55% $582.77 4.45K May 1, 2023 Direct
transaction CMG common stock Options Exercise $1.43M +1.67K +37.45% $857.00 6.12K May 1, 2023 Direct
transaction CMG common stock Options Exercise $753K +509 +8.32% $1,479.55 6.62K May 1, 2023 Direct
transaction CMG common stock Tax liability -$2.74M -1.33K -20.06% $2,064.37 5.3K May 1, 2023 Direct F1
transaction CMG common stock Sale -$2.28M -1.11K -20.89% $2,064.41 4.19K May 1, 2023 Direct F2
transaction CMG common stock Sale -$244K -118 -2.82% $2,065.77 4.07K May 1, 2023 Direct F3
transaction CMG common stock Sale -$4.62M -2.23K -54.88% $2,067.81 1.84K May 1, 2023 Direct F4
transaction CMG common stock Sale -$414K -200 -10.89% $2,068.04 1.64K May 1, 2023 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 2019 SOSAR Options Exercise $0 -961 -100% $0.00* 0 May 1, 2023 common stock 961 $582.77 Direct F5
transaction CMG 2020 SOSARs Options Exercise $0 -1.67K -100% $0.00* 0 May 1, 2023 common stock 1.67K $857.00 Direct F5
transaction CMG 2021 SOSARs Options Exercise $0 -509 -50.05% $0.00 508 May 1, 2023 common stock 509 $1,479.55 Direct F5, F6
* 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 (SOSAR).
F2 Reflects a weighted-average price. Actual sales prices ranged from $2,064.361 to $2,065.15 per share.
F3 Reflects a weighted-average price. Actual sales prices ranged from $2,065.40 to $2,066.17 per share.
F4 Reflects a weighted-average price. Actual sales prices ranged from $2,067.04 to $2,067.9883 per share.
F5 The SOSAR vested in equal amounts on the second and third anniversaries of the grant date.
F6 The original Form 4 reporting the grant of this SOSAR erroneously reported it as covering 1,005 shares; the correct number of shares coverd by the grant is 1,017 shares.

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.