CHIPOTLE MEXICAN GRILL INC — Director's Dealing 2021

Feb 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHIPOTLE MEXICAN GRILL INC (CMG)
CIK: 0001058090
Period of Report: 2021-02-04

Reporting Person: Boatwright Scott (Chief Restaurant Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-04	common stock	M	7354	$313.79	Acquired	9551	Direct
2021-02-04	common stock	F	1532	$1506.62	Disposed	8019	Direct
2021-02-04	common stock	S	200	$1490.00	Disposed	7819	Direct
2021-02-04	common stock	S	400	$1493.5325	Disposed	7419	Direct
2021-02-04	common stock	S	300	$1494.6733	Disposed	7119	Direct
2021-02-04	common stock	S	1918	$1497.1103	Disposed	5201	Direct
2021-02-04	common stock	S	982	$1498.1412	Disposed	4219	Direct
2021-02-04	common stock	S	1088	$1498.8799	Disposed	3131	Direct
2021-02-04	common stock	S	100	$1500.00	Disposed	3031	Direct
2021-02-04	common stock	S	200	$1501.18	Disposed	2831	Direct
2021-02-04	common stock	S	633	$1502.2468	Disposed	2198	Direct
2021-02-04	common stock	S	1	$1503.51	Disposed	2197	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-04	2018 Rentention SOSAR	$313.79	M	7354	Disposed	2025-01-05	common stock (7354)	Direct

Footnotes

F1: Consists of shares of common stock retained by Chipotle to satisfy the reporting person's tax obligation upon exercise of the stock appreciation right.

F2: Reflects a weighted-average price. Actual sales prices ranged from $1,490.00 to $1,490.9999 per share.

F3: Reflects a weighted-average price. Actual sales prices ranged from $1,493.22 to $1,494.2199 per share.

F4: Reflects a weighted-average price. Actual sales prices ranged from $1,494.67 to $1,495.6699 per share.

F5: Reflects a weighted-average price. Actual sales prices ranged from $1,496.56 to $1,497.5599 per share.

F6: Reflects a weighted-average price. Actual sales prices ranged from $1,497.56 to $1,498.5599 per share.

F7: Reflects a weighted-average price. Actual sales prices ranged from $1,498.73 to $1,499.7299 per share.

F8: Reflects a weighted-average price. Actual sales prices ranged from $1,500.00 to $1,500.9999 per share.

F9: Reflects a weighted-average price. Actual sales prices ranged from $1,501.00 to $1,501.9999 per share.

F10: Reflects a weighted-average price. Actual sales prices ranged from $1,502.11 to $1,503.1099 per share.

F11: Reflects a weighted-average price. Actual sales prices ranged from $1,503.51 to $1,504.5099 per share.