Brian R. Niccol - Dec 11, 2023 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role
Chairman, CEO, Director
Signature
/s/ Helen Kaminski, pursuant to power of attorney previoiusly filed
Stock symbol
CMG
Transactions as of
Dec 11, 2023
Transactions value $
-$4,528,072
Form type
4
Date filed
12/12/2023, 04:10 PM
Previous filing
Dec 1, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMG common stock Options Exercise $1.54M +2.64K +11.29% $582.77 26K Dec 11, 2023 Direct
transaction CMG common stock Tax liability -$1.54M -669 -2.57% $2,299.90 25.3K Dec 11, 2023 Direct F1
transaction CMG common stock Sale -$4.53M -1.97K -7.77% $2,299.90 23.3K Dec 11, 2023 Direct F2
transaction CMG common stock Gift $0 -900 -3.85% $0.00 22.4K Dec 12, 2023 Direct F3

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 -2.64K -33.33% $0.00 5.28K Dec 11, 2023 common stock 2.64K $582.77 Direct F4
* 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 This SOSAR exercise and sale was executed under the terms of a sales plan intended to comply with Rule 10b5-1 under the Securities and Exchange Act of 1934, as amended.
F3 Consists of a share contribution to a charitable donor advised fund.
F4 The SOSAR vested in equal amounts on the second and third anniversaries of the grant date.