Brian R. Niccol - Sep 1, 2023 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role
Chairman, CEO, Director
Signature
/s/ Helen Kaminski, pursuant to power of attorney previously filed
Stock symbol
CMG
Transactions as of
Sep 1, 2023
Transactions value $
-$2,040,932
Form type
4
Date filed
9/1/2023, 04:14 PM
Previous filing
Aug 2, 2023
Next filing
Oct 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMG common stock Options Exercise $535K +1.34K +5.72% $400.20* 24.7K Sep 1, 2023 Direct
transaction CMG common stock Tax liability -$536K -278 -1.13% $1,926.64 24.4K Sep 1, 2023 Direct F1
transaction CMG common stock Sale -$2.04M -1.06K -4.34% $1,928.16 23.3K Sep 1, 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 2018 Inducement SOSAR Options Exercise $0 -1.34K -20.01% $0.00 5.34K Sep 1, 2023 common stock 1.34K $400.20 Direct F3
* 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 rights (SOSAR).
F2 This SOSAR exercise and sale was 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.
F3 The SOSAR vested in equal amounts on the second and third anniversaries of the grant date.