CHIPOTLE MEXICAN GRILL INC — Director's Dealing 2021

Mar 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHIPOTLE MEXICAN GRILL INC (CMG)
CIK: 0001058090
Period of Report: 2021-03-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-05	common stock	F	5290	$1332.28	Disposed	47044	Direct
2021-03-08	common stock	S	1884	$1310.0915	Disposed	45160	Direct
2021-03-08	common stock	S	2581	$1311.6844	Disposed	42579	Direct
2021-03-08	common stock	S	56	$1313.13	Disposed	42523	Direct
2021-03-08	common stock	S	210	$1314.6619	Disposed	42313	Direct
2021-03-08	common stock	S	26	$1315.4431	Disposed	42287	Direct

Footnotes

F1: The reporting person vested in a restricted stock unit ("RSU") for 10,047 shares of common stock, of which Chipotle retained 5,290 shares to satisfy the reporting person's tax obligation upon vesting of the RSU.

F2: This stock 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: Reflects a weighted-average price. Actual sales prices ranged from $1,310.00 to $1,310.98 per share.

F4: Reflects a weighted-average price. Actual sales prices ranged from $1311.00 to $1,311.96 per share.

F5: Reflects a weighted-average price. Actual sales prices ranged from $1,314.21 to $1,315.08 per share.

F6: Reflects a weighted-average price. Actual sales prices ranged from $1,315.39 to $1,316.16 per share.