[144] Chipotle Mexican Grill, Inc. SEC Filing

Rhea-AI Filing Summary

Chipotle Mexican Grill, Inc. (CMG) filed a Form 144 proposing to sell 26,576 shares of its common stock valued at approximately $1,146,725.17. The shares represent part of a total outstanding share count of 1,340,885,000 and the proposed sale date is 08/25/2025 on the NYSE through Morgan Stanley Smith Barney LLC Executive Financial Services. The filing shows the shares were acquired as restricted stock from the issuer on 08/22/2025 and payment was recorded on the same date. No other sales in the past three months are reported and the filer certifies there is no undisclosed material adverse information.

Positive

• Transparent disclosure of proposed insider sale including broker, sale date, and aggregate market value
• No sales in prior three months reported for the selling person, per the filing

Negative

• Insider intends to sell 26,576 shares valued at approximately $1,146,725.17
• Securities were acquired and are proposed to be sold within days (acquired 08/22/2025, proposed sale 08/25/2025), which may warrant investor attention

Insights

Securities Analyst

TL;DR Insider plans a modest sale of restricted shares equal to about 0.002% of outstanding stock, disclosed via Form 144.

The filing documents a proposed sale of 26,576 common shares valued at roughly $1.15 million executed through Morgan Stanley on 08/25/2025. The shares were acquired as restricted stock from the issuer on 08/22/2025, indicating a recent grant or issuance. Because the amount represents a very small fraction of the reported outstanding shares, the transaction is unlikely to materially affect market supply. The disclosure meets Rule 144 reporting requirements and provides investors clear, time-stamped information about insider disposition plans.

Corporate Governance Expert

TL;DR The submission is a routine insider sale notice but highlights recent issuance and rapid proposed disposition of restricted stock.

The Form 144 confirms the seller received restricted stock from the issuer on 08/22/2025 and proposes sale three days later. From a governance perspective, timely disclosure through Form 144 is appropriate. The filing includes the broker name and exchange, and the signer affirms no undisclosed material adverse information. There is no information here about any trading plan or whether the sale is pursuant to a 10b5-1 plan; that detail is not provided in the document.

08/25/2025 - 04:07 PM

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	26576	1146725.17	1340885000	08/25/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/22/2025	Restricted Stock	Issuer			26576	08/22/2025	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Chipotle's (CMG) Form 144 report say about the proposed sale?

The Form 144 reports a proposed sale of 26,576 common shares valued at approximately $1,146,725.17 to be sold on 08/25/2025 on the NYSE through Morgan Stanley Smith Barney LLC.

When were the shares being sold acquired according to the filing?

The filing states the shares were acquired as restricted stock from the issuer on 08/22/2025 and payment is recorded as 08/22/2025.

How large is the proposed sale compared with Chipotle's outstanding shares?

The filing shows 26,576 shares against 1,340,885,000 shares outstanding, representing a very small fraction of total shares.

Does the Form 144 indicate other sales by the filer in the past three months?

No. The filing indicates Nothing to Report for securities sold during the past three months by the person for whose account the securities are to be sold.

Which broker and exchange are listed for the proposed sale?

The broker listed is Morgan Stanley Smith Barney LLC Executive Financial Services and the exchange is the NYSE.