Chipotle director gifts 6,672 CMG shares

CHIPOTLE MEXICAN GRILL INC director Albert S. Baldocchi reported a bona fide gift of 6,672 shares of common stock.

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Form Type

Rhea-AI Filing Summary

CHIPOTLE MEXICAN GRILL INC director Albert S. Baldocchi reported a bona fide gift of 6,672 shares of common stock. The transfer was recorded at a price of $0.00 per share, reflecting a charitable or personal gift rather than a market sale.

Following this transaction, Baldocchi directly holds 855,260 shares of Chipotle common stock. A separate entry shows 2,362,500 shares held indirectly through a trust established for the benefit of his children, indicating substantial remaining ownership after the gift.

Insider Trade Summary

6,672 shares gifted

Gift 2 txns

Insider Baldocchi Albert S

Role Director

Type	Security	Shares	Price	Value
Gift	common stock	6,672	$0.00	$0.00
holding	common stock	--	--	--

Holdings After Transaction: common stock — 855,260 shares (Direct); common stock — 2,362,500 shares (Indirect, Trust established for benefit of Children)

Key Figures

Shares gifted: 6,672 shares Gift price per share: $0.00 per share Direct holdings after transaction: 855,260 shares +2 more

5 metrics

Shares gifted 6,672 shares Bona fide gift of common stock

Gift price per share $0.00 per share Reported value for gifted shares

Direct holdings after transaction 855,260 shares Common stock held directly after gift

Indirect trust holdings 2,362,500 shares Held by trust for benefit of children

Gift transactions count 1 transaction Bona fide gift reported in summary

Key Terms

bona fide gift, indirect ownership, Form 4, non-derivative

4 terms

bona fide gift financial

"The transaction is coded as a bona fide gift of 6,672 shares."

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

indirect ownership financial

"Shares held through a trust are classified as indirect ownership."

Form 4 regulatory

"The insider transaction is reported on SEC Form 4."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

non-derivative financial

"The 6,672-share gift is reported as a non-derivative transaction."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CMG director Albert S. Baldocchi report?

Albert S. Baldocchi reported a bona fide gift of 6,672 shares of Chipotle common stock. The transaction is coded as a gift, meaning no sale proceeds were received, and it does not reflect an open-market trade.

How many Chipotle (CMG) shares did Albert S. Baldocchi gift?

Albert S. Baldocchi gifted 6,672 shares of Chipotle common stock. The transaction was recorded at $0.00 per share, consistent with a bona fide gift rather than a sale on the open market.

What are Albert S. Baldocchi’s direct Chipotle (CMG) holdings after this Form 4?

After the reported gift, Albert S. Baldocchi directly holds 855,260 shares of Chipotle common stock. This indicates he retains a substantial personal stake in the company following the non-cash transfer.

Does Albert S. Baldocchi have indirect ownership of Chipotle (CMG) shares?

Yes. A separate holding entry shows 2,362,500 Chipotle common shares held indirectly through a trust established for the benefit of his children. This reflects additional ownership associated with Baldocchi beyond his direct holdings.

Was the CMG insider transaction a market sale or a gift?

The CMG insider transaction was a bona fide gift, not a market sale. The Form 4 uses transaction code G and reports a price of $0.00 per share, indicating no cash proceeds were received.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/21/2026 - 04:15 PM EDT

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
Estimated average burden
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

CALIFORNIA

92660

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
common stock	05/20/2026		G		6,672	D	$0	855,260	D
common stock								2,362,500	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

	/s/ Helen Kaminski, pursuant to power of attorney previously filed	05/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR