Roger E. Theodoredis - 02 Jun 2025 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Reporting relationship: Chief Legal Officer & GC
Issuer ticker: CMG
Reported as of: 02 Jun 2025
Net transaction value: -$5,659,318
SEC form: 4
Accepted by SEC: 04 Jun 2025, 16:29:39 UTC
Prior SEC filing: 18 Feb 2025
Next SEC filing: 26 Aug 2025
Source filing: View source filing
Reporting owner signature: /s/ Helen Kaminski, pursuant to power of attorney previously filed

Key filing fact

Roger E. Theodoredis filed Form 4 for CHIPOTLE MEXICAN GRILL INC (CMG) on 04 Jun 2025.

Key facts

This page summarizes Roger E. Theodoredis's Form 4 filing for CHIPOTLE MEXICAN GRILL INC (CMG).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 04 Jun 2025, 16:29.

Change

Previous filing in this sequence was filed on 18 Feb 2025.
Current net transaction value: -$5,659,318.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001559525 Primary reporting owner

Theodoredis Roger E

Relationship: Chief Legal Officer & GC
Address: CHIPOTLE MEXICAN GRILL, INC., 610 NEWPORT CENTER DRIVE, NEWPORT BEACH
Signature: /s/ Helen Kaminski, pursuant to power of attorney previously filed
Signature date: 04 Jun 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CMG transaction

common stock

Options Exercise

Transaction value: $1,918,848
Shares: +60,800
Change %: +34%
Price: $31.56
Shares after: 238,378
Date: 02 Jun 2025
Ownership: Direct

CMG transaction

common stock

Options Exercise

Transaction value: $2,174,136
Shares: +67,650
Change %: +28%
Price: $32.14
Shares after: 306,028
Date: 02 Jun 2025
Ownership: Direct

CMG transaction

common stock

Tax liability

Transaction value: $4,093,022
Shares: -82,338
Change %: -27%
Price: $49.71
Shares after: 223,690
Date: 02 Jun 2025
Ownership: Direct
Footnotes: F1

CMG transaction

common stock

Sale

Transaction value: $5,659,280
Shares: -113,875
Change %: -51%
Price: $49.70
Shares after: 109,815
Date: 02 Jun 2025
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CMG transaction Derivative

2022 SOSAR

Options Exercise

Transaction value: $0
Shares: -60,800
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 02 Jun 2025
Ownership: Direct
Underlying class: common stock
Underlying amount: 60,800
Exercise price: $31.56
Footnotes: F3

CMG transaction Derivative

2023 SOSAR

Options Exercise

Transaction value: $0
Shares: -67,650
Change %: -50%
Price: $0.000000
Shares after: 67,650
Date: 02 Jun 2025
Ownership: Direct
Underlying class: common stock
Underlying amount: 67,650
Exercise price: $32.14
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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).

Footnote F2

Reflects a weighted-average price. Actual sales prices ranged from $49.635 to $49.750 per share. 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.

Footnote F3

The SOSAR vests in equal amounts on the second and third anniversaries of the grant date.

Footnote F4

The SOSAR vests in equal amounts on the second and third anniversaries of the grant date.