Curtis E. Garner - May 21, 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
Stock symbol
CMG
Transactions as of
May 21, 2025
Transactions value $
-$1,176,267
Form type
4
Date filed
5/23/2025, 04:06 PM
Previous filing
Mar 13, 2025
Next filing
Jun 6, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Garner Curtis E Chief Customer & Techlgy Ofcr C/O CHIPOTLE MEXICAN GRILL, INC., 610 NEWPORT CENTER DRIVE, NEWPORT BEACH /s/ Helen Kaminski, pursuant to power of attorney previously filed 2025-05-23 0001641487

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMG common stock Options Exercise $350K +30K +7.17% $11.66 448K May 21, 2025 Direct
transaction CMG common stock Tax liability -$350K -6.87K -1.53% $50.93 442K May 21, 2025 Direct F1
transaction CMG common stock Sale -$1.18M -23.1K -5.24% $50.84 418K May 21, 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 2019 SOSARs Options Exercise $0 -30K -8.85% $0.00 309K May 21, 2025 common stock 30K $11.66 Direct F3
* 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 $50.79 to $50.94 per share. 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 vested in equal amounts on the second and third anniversaries of the grant date.