CHIPOTLE MEXICAN GRILL INC — Director's Dealing 2021

Jul 14, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHIPOTLE MEXICAN GRILL INC (CMG)
CIK: 0001058090
Period of Report: 2021-07-12

Reporting Person: Niccol Brian R (Director, Chairman, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-12	common stock	M	10000	$352.18	Acquired	37524	Direct
2021-07-12	common stock	F	2202	$1599.90	Disposed	35322	Direct
2021-07-12	common stock	S	1000	$1600.3688	Disposed	34322	Direct
2021-07-12	common stock	S	800	$1601.3877	Disposed	33522	Direct
2021-07-12	common stock	S	300	$1602.7633	Disposed	33222	Direct
2021-07-12	common stock	S	312	$1603.7623	Disposed	32910	Direct
2021-07-12	common stock	S	112	$1604.7995	Disposed	32798	Direct
2021-07-12	common stock	S	560	$1606.4276	Disposed	32238	Direct
2021-07-12	common stock	S	246	$1607.9055	Disposed	31992	Direct
2021-07-12	common stock	S	916	$1608.604	Disposed	31076	Direct
2021-07-12	common stock	S	505	$1609.7217	Disposed	30571	Direct
2021-07-12	common stock	S	503	$1610.8236	Disposed	30068	Direct
2021-07-12	common stock	S	778	$1611.8528	Disposed	29290	Direct
2021-07-12	common stock	S	250	$1612.748	Disposed	29040	Direct
2021-07-12	common stock	S	377	$1614.1619	Disposed	28663	Direct
2021-07-12	common stock	S	211	$1614.9959	Disposed	28452	Direct
2021-07-12	common stock	S	723	$1616.4283	Disposed	27729	Direct
2021-07-12	common stock	S	205	$1617.1654	Disposed	27524	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-12	2018 Make-Whole SOSAR	$352.18	M	10000	Disposed	2025-03-25	common stock (10000)	Direct

Footnotes

F1: This stock appreciation rights 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.

F2: Consists of shares of common stock retained by Chipotle to satisfy the reporting person's payment obligation upon exercise of the stock appreciation right.

F3: Reflects a weighted-average price. Actual sales prices ranged from $1,600.00 to $1,600.91 per share.

F4: Reflects a weighted-average price. Actual sales prices ranged from $1,601.00 to $1,601.90 per share.

F5: Reflects a weighted-average price. Actual sales prices ranged from $1,602.27 to $1,603.15 per share.

F6: Reflects a weighted-average price. Actual sales prices ranged from $1,603.31 to $1,604.14 per share.

F7: Reflects a weighted-average price. Actual sales prices ranged from $1,604.70 to $1,604.89 per share.

F8: Reflects a weighted-average price. Actual sales prices ranged from $1,606.11 to $1,607.09 per share.

F9: Reflects a weighted-average price. Actual sales prices ranged from $1,607.11 to $1,608.02 per share.

F10: Reflects a weighted-average price. Actual sales prices ranged from $1,608.14 to $1,609.13 per share.

F11: Reflects a weighted-average price. Actual sales prices ranged from $1,609.27 to $1,610.14 per share.

F12: Reflects a weighted-average price. Actual sales prices ranged from $1,610.3250 to $1,611.22 per share.

F13: Reflects a weighted-average price. Actual sales prices ranged from $1,611.50 to $1,612.36 per share

F14: Reflects a weighted-average price. Actual sales prices ranged from $1,612.60 to $1,612.91 per share.

F15: Reflects a weighted-average price. Actual sales prices ranged from $1,613.70 to $1,614.57 per share.

F16: Reflects a weighted-average price. Actual sales prices ranged from $1,614.74 to $1,615.73 per share.

F17: Reflects a weighted-average price. Actual sales prices ranged from $1,615.98 to $1,616.91 per share.

F18: Reflects a weighted-average price. Actual sales prices ranged from $1,616.98 to $1,617.17 per share.