CHIPOTLE MEXICAN GRILL INC — Director's Dealing 2021

Jul 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHIPOTLE MEXICAN GRILL INC (CMG)
CIK: 0001058090
Period of Report: 2021-07-22

Reporting Person: Theodoredis Roger E (Chief Legal Officer & GC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-22	common stock	M	1696	$582.77	Acquired	4270	Direct
2021-07-22	common stock	F	560	$1765.00	Disposed	3710	Direct
2021-07-22	common stock	S	1136	$1763.4827	Disposed	2574	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-22	2019 SOSARs	$582.77	M	1696	Disposed	2026-02-08	common stock (1696)	Direct

Footnotes

F1: Consists of shares of common stock retained by Chipotle to satisfy the reporting person's payment obligation upon exercise of the stock appreciation right.

F2: The SOSARs awarded to the reporting person vest in equal amounts on the second and third anniversaries of the grant date, subject to possible acceleration of vesting.