Christopher W. Brandt - May 1, 2023 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role
Chief Marketing Officer
Signature
/s/ Helen Kaminski, pursuant to power of attorney previously filed
Stock symbol
CMG
Transactions as of
May 1, 2023
Transactions value $
-$5,054,592
Form type
4
Date filed
5/2/2023, 04:16 PM
Previous filing
Apr 20, 2023
Next filing
Nov 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMG common stock Options Exercise $1.18M +2.02K +24.87% $582.77 10.1K May 1, 2023 Direct
transaction CMG common stock Tax liability -$1.18M -571 -5.63% $2,063.00 9.58K May 1, 2023 Direct F1
transaction CMG common stock Sale -$5.05M -2.45K -25.59% $2,063.02 7.13K May 1, 2023 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 2019 SOSARs Options Exercise $0 -2.02K -100% $0.00* 0 May 1, 2023 common stock 2.02K $582.77 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 $2,063.00 to $2,063.82 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.
F3 The SOSARs awarded to the reporting person vested in equal amounts on the second and third anniversaries of the grant date.