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: Schalow Laurie (Chief Corp Affairs, Food Sft)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-22	common stock	M	1597	$355.42	Acquired	6461	Direct
2021-07-22	common stock	F	324	$1755.99	Disposed	6137	Direct
2021-07-22	common stock	S	2162	$1747.65	Disposed	3975	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-22	2018 SOSAR	$355.42	M	1597	Disposed	2025-03-29	common stock (1597)	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 SOSAR granted to the reporting person vests in equal amounts on the second and third anniversaries of the grant date, subject to possible acceleration of vesting.