Curtis E. Garner - Jul 29, 2024 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
Jul 29, 2024
Transactions value $
-$3,069,590
Form type
4
Date filed
7/30/2024, 04:13 PM
Previous filing
Feb 16, 2024
Next filing
Aug 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMG common stock Options Exercise $498K +70K +19.54% $7.11 428K Jul 29, 2024 Direct
transaction CMG common stock Tax liability -$498K -9.76K -2.28% $50.98 419K Jul 29, 2024 Direct F1
transaction CMG common stock Sale -$3.07M -60.2K -14.39% $50.96 358K Jul 29, 2024 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 SOSARs Options Exercise $0 -70K -37.15% $0.00 118K Jul 29, 2024 common stock 70K $7.11 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 Reflects a weighted-average price. Actual sales prices ranged from $50.875 to $51.05 per share. 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.
F3 The SOSAR vested in equal amounts on the second and third anniversaries of the grant date.

Remarks:

The share numbers and the exercise price of the SOSAR reflect the 50-for-1 stock split of Chipotle's common stock that was effective after market close on June 25, 2024.