CHIPOTLE MEXICAN GRILL INC — Director's Dealing 2021

Feb 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHIPOTLE MEXICAN GRILL INC (CMG)
CIK: 0001058090
Period of Report: 2021-02-09

Reporting Person: Schalow Laurie (Chief Corp Affairs, Food Sft)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-09	common stock	M	961	$582.77	Acquired	6857	Direct
2021-02-09	common stock	F	361	$1555.24	Disposed	6496	Direct
2021-02-09	common stock	S	600	$1555.0537	Disposed	5896	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-09	2019 SOSAR	$582.77	M	961	Disposed	2026-02-08	common stock (961)	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 $1,5555.00 to $1,555.42 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.