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: Brandt Christopher W (Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-22	common stock	M	3500	$403.89	Acquired	12636	Direct
2021-07-22	common stock	F	805	$1757.00	Disposed	11831	Direct
2021-07-22	common stock	S	1111	$1753.0519	Disposed	10720	Direct
2021-07-22	common stock	S	1555	$1754.1796	Disposed	9165	Direct
2021-07-22	common stock	S	29	$1755.3107	Disposed	9136	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-22	2018 Sign-on SOSAR	$403.89	M	3500	Disposed	2025-03-29	common stock (3500)	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: Reflects a weighted-average price. Actual sales prices ranged from $1,752.6610 to $1,753.65 per share.

F3: Reflects a weighted-average price. Actual sales prices ranged from $1,753.74 to $1,754.69 per share.

F4: Reflects a weighted-average price. Actual sales prices ranged from $1,754.92 to $1,755.37 per share.