Curtis E. Garner - 06 Feb 2026 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Reporting relationship: Pres, Chief Strgy & Tech Off
Issuer ticker: CMG
Reported as of: 06 Feb 2026
Net transaction value: -$2,469,866
SEC form: 4
Accepted by SEC: 10 Feb 2026, 16:13:04 UTC
Prior SEC filing: 12 Dec 2025
Next SEC filing: 17 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ Helen Kaminski, pursuant to power of attorney previously filed

Key filing fact

Curtis E. Garner filed Form 4 for CHIPOTLE MEXICAN GRILL INC (CMG) on 10 Feb 2026.

Key facts

This page summarizes Curtis E. Garner's Form 4 filing for CHIPOTLE MEXICAN GRILL INC (CMG).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 10 Feb 2026, 16:13.

Change

Previous filing in this sequence was filed on 12 Dec 2025.
Current net transaction value: -$2,469,866.

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 0001641487 Primary reporting owner

Garner Curtis E

Relationship: Pres, Chief Strgy & Tech Off
Address: C/O CHIPOTLE MEXICAN GRILL, INC., 610 NEWPORT CENTER DRIVE, NEWPORT BEACH
Signature: /s/ Helen Kaminski, pursuant to power of attorney previously filed
Signature date: 10 Feb 2026

Reported non-derivative transactions

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

CMG transaction

common stock

Options Exercise

Transaction value: $1,003,496
Shares: +86,100
Change %: +31%
Price: $11.66
Shares after: 359,437
Date: 06 Feb 2026
Ownership: Direct

CMG transaction

common stock

Tax liability

Transaction value: $1,003,547
Shares: -25,023
Change %: -8.4%
Price: $40.10
Shares after: 273,337
Date: 06 Feb 2026
Ownership: Direct
Footnotes: F1

CMG transaction

common stock

Sale

Transaction value: $2,443,856
Shares: -61,077
Change %: -17%
Price: $40.01
Shares after: 298,360
Date: 06 Feb 2026
Ownership: Direct
Footnotes: F2

CMG transaction

common stock

Tax liability

Transaction value: $25,958
Shares: -659
Change %: -0.22%
Price: $39.39
Shares after: 297,701
Date: 09 Feb 2026
Ownership: Direct
Footnotes: F3

Reported derivative securities

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

CMG transaction Derivative

2026 SOSAR

Award

Transaction value: $0
Shares: +213,992
Change %
Price: $0.000000
Shares after: 213,992
Date: 06 Feb 2026
Ownership: Direct
Underlying class: common stock
Underlying amount: 213,992
Exercise price: $39.39
Footnotes: F4

CMG transaction Derivative

2019 SOSARs

Options Exercise

Transaction value: $0
Shares: -86,100
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 06 Feb 2026
Ownership: Direct
Underlying class: common stock
Underlying amount: 86,100
Exercise price: $11.66
Footnotes: F5

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Consists of shares of common stock retained by Chipotle to satisfy the reporting person's payment obligation upon exercise of a stock appreciation rights (SOSAR).

Footnote F2

Reflects a weighted-average price. Actual sales prices ranged from $39.96 to $40.07 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

Consists of shares of common stock retained by Chipotle to satisfy the reporting person's payment obligation upon the vesting of a restricted stock unit.

Footnote F4

Represents an award of a SOSAR that will vest in equal amounts on the second and third anniversaries of the grant date, subject to possible acceleration of vesting. Upon exercise, the SOSAR settles in shares of common stock on a 1-to-1 basis.

Footnote F5

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