X0306 4 2020-02-11 0 0001058090 CHIPOTLE MEXICAN GRILL INC CMG 0001350874 Hartung Jack 610 NEWPORT CENTER DRIVE, SUITE 1300 NEWPORT BEACH CA 92660 0 1 0 0 Chief Financial Officer common stock 2020-02-11 4 M 0 10000 543.20 A 45237 D common stock 2020-02-11 4 F 0 6081 893.375 D 39156 D common stock 2020-02-11 4 S 0 1932 893.48 D 37224 D common stock 2020-02-11 4 S 0 1987 894.13 D 35237 D common stock 2020-02-12 4 M 0 10000 543.20 A 45237 D common stock 2020-02-12 4 F 0 6043 899.00 D 39156 D common stock 2020-02-12 4 S 0 3957 899.00 D 35237 D common stock 35 I By children 2014 Stock Appreciation Rights 543.20 2020-02-11 4 M 0 10000 0.00 D 2016-02-03 2021-02-03 common stock 10000 20000 D 2014 Stock Appreciation Rights 543.20 2020-02-12 4 M 0 10000 0.00 D 2016-02-03 2021-02-03 common stock 10000 10000 D These stock appreciation rights exercises and sales were executed under the terms of a Sales Plan intended to comply with Rule 10b5-1 under the Securities and Exchange Act of 1934, as amended. Consists of shares of common stock retained by Chipotle to satisfy the reporting person's payment obligation upon exercise of the stock appreciation right. Reflects a weighted-average price. Actual sales prices ranged from $893.00 to $894.00 per share. The filing 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. Reflects a weighted-average price. Actual sales prices ranged from $894.03 to $894.325 per share. The filing 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. The reporting person disclaims beneficial ownership of shares held by his children. /s/ Helen Kaminski, pursuant to power of attorney previously filed 2020-02-13