Roger E. Theodoredis - 02 Jun 2025 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role
Chief Legal Officer & GC
Signature
/s/ Helen Kaminski, pursuant to power of attorney previously filed
Issuer symbol
CMG
Transactions as of
02 Jun 2025
Transactions value $
-$5,659,318
Form type
4
Filing time
04 Jun 2025, 16:29:39 UTC
Previous filing
18 Feb 2025
Next filing
26 Aug 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Theodoredis Roger E Chief Legal Officer & GC CHIPOTLE MEXICAN GRILL, INC., 610 NEWPORT CENTER DRIVE, NEWPORT BEACH /s/ Helen Kaminski, pursuant to power of attorney previously filed 04 Jun 2025 0001559525

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMG common stock Options Exercise $1.92M +60.8K +34.24% $31.56 238K 02 Jun 2025 Direct
transaction CMG common stock Options Exercise $2.17M +67.7K +28.38% $32.14 306K 02 Jun 2025 Direct
transaction CMG common stock Tax liability -$4.09M -82.3K -26.91% $49.71 224K 02 Jun 2025 Direct F1
transaction CMG common stock Sale -$5.66M -114K -50.91% $49.70 110K 02 Jun 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 2022 SOSAR Options Exercise $0 -60.8K -100% $0.00 0 02 Jun 2025 common stock 60.8K $31.56 Direct F3
transaction CMG 2023 SOSAR Options Exercise $0 -67.7K -50% $0.00 67.7K 02 Jun 2025 common stock 67.7K $32.14 Direct F4
* 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 $49.635 to $49.750 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.
F4 The SOSAR vests in equal amounts on the second and third anniversaries of the grant date.