CHIPOTLE MEXICAN GRILL INC — Director's Dealing 2021

Apr 30, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHIPOTLE MEXICAN GRILL INC (CMG)
CIK: 0001058090
Period of Report: 2021-04-28

Reporting Person: Brandt Christopher W (Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-28	common stock	M	3686	$355.42	Acquired	14438	Direct
2021-04-28	common stock	F	891	$1471.00	Disposed	13547	Direct
2021-04-28	common stock	S	2795	$1471.00	Disposed	10752	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-28	2018 SOSARs	$355.42	M	3686	Disposed	2025-03-29	common stock (3686)	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.