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

Rhea-AI Filing Summary

Nasdaq Stock Market LLC has filed Form 25 to strike Penns Woods Bancorp Inc. (PWOD) common stock from listing and registration under Section 12(b) of the Securities Exchange Act of 1934 (File No. 000-17077). The notice, dated 28 Jul 2025 and signed by Nasdaq AVP Tara Petta, certifies that all procedural requirements of Rules 12d2-2(b) and 12d2-2(c) have been satisfied. The filing covers a single security class—common stock—and no financial metrics, earnings data, or explanatory rationale accompany the submission.

Insights

Exchange Regulation Specialist

TL;DR: Nasdaq filed Form 25 to delist PWOD common stock; document contains no financial data or reasons, only procedural certification.

The filing is purely administrative, confirming that Nasdaq believes it meets all conditions to remove Penns Woods Bancorp’s common shares from its platform under Section 12(b). No information is provided on whether the action is voluntary or involuntary, nor is any effective date, rationale, or alternative trading venue disclosed. While delisting can materially affect liquidity and investor base, such implications are beyond the scope of this document. From a disclosure standpoint, investors are simply notified that the formal delisting process has commenced.

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).

1. Name and Address of Reporting Person^*

Brandt Christopher W

(Last) (First) (Middle)

C/O CHIPOTLE MEXICAN GRILL, INC.

610 NEWPORT CENTER DRIVE

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Chief Brand Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025

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	07/24/2025		G		28,545	D	$0	182,526	D
common stock	07/24/2025		G		28,545	A	$0	193,545	I	Trust for benefit of children
common stock								145,000	I	Trust 2 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	07/28/2025
	** 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 Nasdaq file for Penns Woods Bancorp (PWOD)?

Nasdaq filed a Form 25 to remove PWOD common stock from listing and registration under Section 12(b).

Which security class is affected by this Form 25?

The filing covers Penns Woods Bancorp Inc. common stock.

When was the Form 25 signed?

The notification was signed on 28 July 2025.

Who signed the Form 25 on behalf of Nasdaq?

It was signed by Tara Petta, AVP of Nasdaq Stock Market LLC.

Under which rules is the delisting being executed?

Nasdaq cites compliance with SEC Rules 12d2-2(b) and 12d2-2(c) for striking and withdrawing the security.