Brian R. Niccol - Jan 29, 2024 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
Jan 29, 2024
Transactions value $
-$4,791,795
Form type
4
Date filed
1/30/2024, 04:23 PM
Previous filing
Jan 3, 2024
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 $1.54M +2.64K +11.75% $582.77* 25.1K Jan 29, 2024 Direct
transaction CMG common stock Tax liability -$1.54M -641 -2.56% $2,399.90 24.4K Jan 29, 2024 Direct F1
transaction CMG common stock Sale -$4.79M -2K -8.17% $2,399.91 22.4K Jan 29, 2024 Direct F2, F3

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 -49.99% $0.00 2.64K Jan 29, 2024 common stock 2.64K $582.77 Direct F4
* 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 Reflects a weighted-average price. Actual sales prices ranged from $2,399.90 to $2,400.13 per share. 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.
F4 The SOSAR vested in equal amounts on the second and third anniversaries of the grant date.