Curtis E. Garner - Dec 6, 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
Dec 6, 2024
Transactions value $
-$2,906,824
Form type
4
Date filed
12/6/2024, 06:38 PM
Previous filing
Nov 8, 2024
Next filing
Dec 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMG common stock Options Exercise $355K +50K +11.31% $7.11 492K Dec 6, 2024 Direct
transaction CMG common stock Tax liability -$355K -5.45K -1.11% $65.21 487K Dec 6, 2024 Direct F1
transaction CMG common stock Sale -$2.91M -44.5K -9.16% $65.25 442K Dec 6, 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 -50K -50.79% $0.00 48.5K Dec 6, 2024 common stock 50K $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 $65.125 to $65.44 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.