Brian R. Niccol - Nov 21, 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
Nov 21, 2023
Transactions value $
-$4,264,372
Form type
4
Date filed
11/21/2023, 04:18 PM
Previous filing
Nov 2, 2023
Next filing
Dec 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMG common stock Options Exercise $1.54M +2.64K +11.29% $582.77 26K Nov 21, 2023 Direct
transaction CMG common stock Tax liability -$1.54M -699 -2.69% $2,199.90 25.3K Nov 21, 2023 Direct F1
transaction CMG common stock Sale -$4.26M -1.94K -7.66% $2,199.90 23.3K Nov 21, 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 -2.64K -25% $0.00 7.91K Nov 21, 2023 common stock 2.64K $582.77 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 The SOSAR exercise 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.
F3 The SOSAR vested in equal amounts on the second and third anniversaries of the grant date, subject to possible acceleration of vesting.