Curtis E. Garner - 11 Mar 2025 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role
Chief Customer & Techlgy Ofcr
Signature
/s/ Helen Kaminski, pursuant to power of attorney previously filed
Issuer symbol
CMG
Transactions as of
11 Mar 2025
Net transactions value
-$1,033,359
Form type
4
Filing time
13 Mar 2025, 16:49:33 UTC
Previous filing
27 Feb 2025
Next filing
23 May 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 $57,397 +8,075 +1.9% $7.11 426,557 11 Mar 2025 Direct
transaction CMG common stock Tax liability $57,431 -1,135 -0.27% $50.60 425,422 11 Mar 2025 Direct F1
transaction CMG common stock Sale $350,659 -6,940 -1.6% $50.53 418,482 11 Mar 2025 Direct F2
transaction CMG common stock Options Exercise $57,397 +8,075 +1.9% $7.11 426,557 12 Mar 2025 Direct
transaction CMG common stock Tax liability $57,410 -1,145 -0.27% $50.14 425,412 12 Mar 2025 Direct F3
transaction CMG common stock Sale $347,944 -6,930 -1.6% $50.21 418,482 12 Mar 2025 Direct F4
transaction CMG common stock Options Exercise $57,397 +8,075 +1.9% $7.11 426,557 13 Mar 2025 Direct
transaction CMG common stock Tax liability $57,448 -1,184 -0.28% $48.52 425,373 13 Mar 2025 Direct F5
transaction CMG common stock Sale $334,657 -6,891 -1.6% $48.56 418,482 13 Mar 2025 Direct F6

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 SOSARs Options Exercise $0 -8,075 -33% $0.000000 16,150 11 Mar 2025 common stock 8,075 $7.11 Direct F7
transaction CMG 2018 SOSARs Options Exercise $0 -8,075 -50% $0.000000 8,075 12 Mar 2025 common stock 8,075 $7.11 Direct F7
transaction CMG 2018 SOSARs Options Exercise $0 -8,075 -100% $0.000000 0 13 Mar 2025 common stock 8,075 $7.11 Direct F7
* 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 $50.42 to $50.635 per share.
F3 Consists of shares of common stock retained by Chipotle to satisfy the reporting person's payment obligation upon exercise of the SOSAR.
F4 Reflects a weighted-average price. Actual sales prices ranged from $50.1868 to $50.24 per share.
F5 Consists of shares of common stock retained by Chipotle to satisfy the reporting person's payment obligation upon exercise of the SOSAR.
F6 Reflects a weighted-average price. Actual sales prices ranged from $48.52 to $48.605 per share.
F7 The SOSAR vested in equal amounts on the second and third anniversaries of the grant date.

Remarks:

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.