Curtis E. Garner - Nov 9, 2023 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role
Chief Customer & Techlgy Ofcr
Signature
/s/ Helen Kaminski, pursuant to power of attorney previously filed
Stock symbol
CMG
Transactions as of
Nov 9, 2023
Transactions value $
-$2,190,945
Form type
4
Date filed
11/13/2023, 04:12 PM
Previous filing
May 5, 2023
Next filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMG common stock Options Exercise $355K +1K +19.05% $355.42 6.25K Nov 9, 2023 Direct
transaction CMG common stock Tax liability -$357K -170 -2.72% $2,097.79 6.08K Nov 9, 2023 Direct F1
transaction CMG common stock Sale -$715K -341 -5.61% $2,095.53 5.74K Nov 9, 2023 Direct F2
transaction CMG common stock Sale -$958K -457 -7.97% $2,097.26 5.28K Nov 9, 2023 Direct F3
transaction CMG common stock Sale -$67.1K -32 -0.61% $2,097.80 5.25K Nov 9, 2023 Direct F4
transaction CMG common stock Options Exercise $88.9K +250 +4.76% $355.42 5.5K Nov 13, 2023 Direct
transaction CMG common stock Tax liability -$90.4K -42 -0.76% $2,152.00 5.46K Nov 13, 2023 Direct F1
transaction CMG common stock Sale -$448K -208 -3.81% $2,154.12 5.25K Nov 13, 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 2018 SOSARs Options Exercise $0 -1K -15.07% $0.00 5.63K Nov 9, 2023 common stock 1K $355.42 Direct F5
transaction CMG 2018 SOSARs Options Exercise $0 -250 -4.44% $0.00 5.38K Nov 13, 2023 common stock 250 $355.42 Direct F5
* 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 Reflects a weighted-average price. Actual sales prices ranged from $2,095.14 to $2,096.13 per share.
F3 Reflects a weighted-average price. Actual sales prices ranged from $2,096.68 to $2,097.495 per share.
F4 Reflects a weighted-average price. Actual sales prices ranged from $2,097.76 to $2,097.81 per share.
F5 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.

Remarks:

For each transaction on this Form 4 that is reported at a weighted average price, the reporting 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.