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                    <ccc>XXXXXXXX</ccc>
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            <liveTestFlag>LIVE</liveTestFlag>



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        <issuerInfo>
            <issuerCik>0001058090</issuerCik>
            <issuerName>CHIPOTLE MEXICAN GRILL INC.</issuerName>
            <secFileNumber>001-32731</secFileNumber>
            <issuerAddress>
                <ns2:street1>610 NEWPORT CENTER DRIVE, SUITE 1100</ns2:street1>
                <ns2:city>NEWPORT BEACH</ns2:city>
                <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                <ns2:zipCode>92660</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>949-524-4000</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>BRIAN R. NICCOL</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
                <relationshipToIssuer>Director</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>38th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>1063</noOfUnitsSold>
            <aggregateMarketValue>2072679.92</aggregateMarketValue>
            <noOfUnitsOutstanding>27587613</noOfUnitsOutstanding>
            <approxSaleDate>08/01/2023</approxSaleDate>
            <securitiesExchangeName>NYSE</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>08/01/2023</acquiredDate>
            <natureOfAcquisitionTransaction>Stock Option Exercise</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>1063</amountOfSecuritiesAcquired>
            <paymentDate>08/01/2023</paymentDate>
            <natureOfPayment>Cash</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>BRIAN NICCOL</name>
                <address>
                    <ns2:street1>610 NEWPORT CENTER DRIVE, SUITE 1100</ns2:street1>
                    <ns2:city>NEWPORT BEACH</ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>92660</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>07/03/2023</saleDate>
            <amountOfSecuritiesSold>1086</amountOfSecuritiesSold>
            <grossProceeds>2321868.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>BRIAN NICCOL</name>
                <address>
                    <ns2:street1>610 NEWPORT CENTER DRIVE, SUITE 1100</ns2:street1>
                    <ns2:city>NEWPORT BEACH</ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>92660</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>06/01/2023</saleDate>
            <amountOfSecuritiesSold>1078</amountOfSecuritiesSold>
            <grossProceeds>2218664.14</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>BRIAN NICCOL</name>
                <address>
                    <ns2:street1>610 NEWPORT CENTER DRIVE, SUITE 1100</ns2:street1>
                    <ns2:city>NEWPORT BEACH</ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>92660</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>05/19/2023</saleDate>
            <amountOfSecuritiesSold>1905</amountOfSecuritiesSold>
            <grossProceeds>4000311.79</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>08/01/2023</noticeDate>
            <planAdoptionDates>
                <planAdoptionDate>02/09/2023</planAdoptionDate>
            </planAdoptionDates>
            <signature>/s/ Brian Niccol</signature>
        </noticeSignature>
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144
0001628588
XXXXXXXX
LIVE
0001058090
CHIPOTLE MEXICAN GRILL INC.
001-32731
610 NEWPORT CENTER DRIVE, SUITE 1100
NEWPORT BEACH
CA
92660
949-524-4000
BRIAN R. NICCOL
Officer
Director
Common
Morgan Stanley Smith Barney LLC
1 New York Plaza
38th Floor
New York
NY
10004
1063
2072679.92
27587613
08/01/2023
NYSE
Common
08/01/2023
Stock Option Exercise
Issuer
N
1063
08/01/2023
Cash
N
BRIAN NICCOL
610 NEWPORT CENTER DRIVE, SUITE 1100
NEWPORT BEACH
CA
92660
Common
07/03/2023
1086
2321868.00
BRIAN NICCOL
610 NEWPORT CENTER DRIVE, SUITE 1100
NEWPORT BEACH
CA
92660
Common
06/01/2023
1078
2218664.14
BRIAN NICCOL
610 NEWPORT CENTER DRIVE, SUITE 1100
NEWPORT BEACH
CA
92660
Common
05/19/2023
1905
4000311.79
08/01/2023
02/09/2023
/s/ Brian Niccol