[Form 4] Chipotle Mexican Grill, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Albert S. Baldocchi, a director of Chipotle Mexican Grill (CMG), reported changes in his beneficial ownership on Form 4. The filing shows a transaction dated 08/11/2025 with transaction code G and lists 5,340 common shares at a price of $0, consistent with a gift. Following the reported transaction he directly beneficially owns 1,861,932 shares and indirectly owns 1,362,500 shares held in a trust for the benefit of his children.

Insights

Financial Analyst

TL;DR: Director reported a gift of 5,340 CMG shares; direct ownership 1,861,932 and indirect 1,362,500.

The Form 4 discloses a transaction dated 08/11/2025 coded G and reflecting 5,340 common shares at $0, consistent with a gift. The filing also shows total direct beneficial ownership of 1,861,932 shares and indirect beneficial ownership of 1,362,500 shares in a trust for children. No additional transactions, prices, or derivative positions are reported in this filing.

Corporate Governance Expert

TL;DR: Form 4 filed by a director records a gift transaction on 08/11/2025; signature executed via power of attorney on 08/12/2025.

The filing identifies the reporting person as Albert S. Baldocchi (Director) for Chipotle Mexican Grill, Inc. (CMG). The document records a transaction coded G and includes an explanatory note that 1,362,500 shares are held indirectly in a trust established for the benefit of his children. The form is signed by a representative under power of attorney dated 08/12/2025.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Baldocchi Albert S

(Last) (First) (Middle)

C/O CHIPOTLE MEXICAN GRILL, INC.

610 NEWPORT CENTER DRIVE, SUITE 1400

(Street)

NEWPORT BEACH CA 92660

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CHIPOTLE MEXICAN GRILL INC [ CMG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
common stock	08/11/2025		G		5,340	D	$0	1,861,932	D
common stock								1,362,500	I	Trust established for benefit of Children

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Helen Kaminski, pursuant to power of attorney previously filed	08/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Baldocchi (CMG) report on the Form 4?

The Form 4 shows a transaction dated 08/11/2025 coded G for 5,340 common shares at $0, consistent with a gift.

How many CMG shares does Baldocchi own after the reported transaction?

After the reported transaction he directly beneficially owns 1,861,932 shares and indirectly owns 1,362,500 shares held in a trust for his children.

What is the reporting person's relationship to CMG?

The reporting person, Albert S. Baldocchi, is listed as a Director of Chipotle Mexican Grill, Inc.

When was the Form 4 signed and by whom?

The signature block shows the form was signed by Helen Kaminski pursuant to a power of attorney on 08/12/2025.

What does transaction code 'G' indicate on this Form 4?

This filing shows the transaction code as G in the form; the form lists 5,340 shares at $0 on 08/11/2025.