Jamie McConnell - Feb 7, 2025 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role
Chief Accountg & Admin Officer
Signature
/s/ Helen Kaminski, pursuant to power of attorney previously filed
Stock symbol
CMG
Transactions as of
Feb 7, 2025
Transactions value $
-$664,483
Form type
4
Date filed
2/11/2025, 04:28 PM
Previous filing
Oct 8, 2024
Next filing
Feb 18, 2025
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 $393K +12.5K +44.36% $31.56 40.5K Feb 10, 2025 Direct
transaction CMG common stock Options Exercise $392K +12.2K +30.11% $32.14 52.7K Feb 10, 2025 Direct
transaction CMG common stock Tax liability -$785K -13.3K -25.29% $58.89 39.4K Feb 10, 2025 Direct F1
transaction CMG common stock Sale -$664K -11.3K -28.74% $58.70 28.1K Feb 10, 2025 Direct F2

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 2025 SOSAR Award $0 +22K $0.00 22K Feb 7, 2025 common stock 22K $57.27 Direct F3
transaction CMG 2022 SOSAR Options Exercise $0 -12.5K -50% $0.00 12.5K Feb 10, 2025 common stock 12.5K $31.56 Direct F4
transaction CMG 2023 SOSAR Options Exercise $0 -12.2K -50% $0.00 12.2K Feb 10, 2025 common stock 12.2K $32.14 Direct F5
* 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 rights (SOSAR).
F2 Reflects a weighted-average price. Actual sales prices ranged from $58.57 to $58.87 per share. For each transaction on this Form 4 that is reported at a weighted average price, the reporting 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.
F3 The SOSAR vests in equal amounts on the second and third anniversaries of the grant date, subject to possible acceleration of vesting. Upon exercise, the SOSAR settles in shares of common stock on a 1-to-1 basis.
F4 The SOSAR vested in equal amounts on the second and third anniversaries of the grant date.
F5 The SOSAR vested in equal amounts on the second and third anniversaries of the grant date.