Marissa Andrada - 22 Jul 2021 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role: Chief D&I and People Officer
Signature: /s/ Helen Kaminski, pursuant to power of attorney previously filed
Issuer symbol: CMG
Transactions as of: 22 Jul 2021
Net transactions value: -$2,607,954
Form type: 4
Filing time: 23 Jul 2021, 16:16:39 UTC
Previous filing: 02 Jul 2021
Next filing: 09 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CMG	common stock	Options Exercise	$921,846	+1,961	+35%	$470.09^*	7,616	22 Jul 2021	Direct
transaction	CMG	common stock	Tax liability	$923,400	-513	-6.7%	$1800.00	7,103	22 Jul 2021	Direct	F1
transaction	CMG	common stock	Sale	$2,606,400	-1,448	-20%	$1800.00	5,655	22 Jul 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CMG	2018 Sign-on SOSAR	Options Exercise	$0	-1,961	-100%	$0.000000^*	0	22 Jul 2021	common stock	1,961	$470.09	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.