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        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001641487</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <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>CURTIS E. GARNER</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>8th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>17394</noOfUnitsSold>
            <aggregateMarketValue>951159.58</aggregateMarketValue>
            <noOfUnitsOutstanding>1369476000</noOfUnitsOutstanding>
            <approxSaleDate>08/06/2024</approxSaleDate>
            <securitiesExchangeName>NYSE</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>08/06/2024</acquiredDate>
            <natureOfAcquisitionTransaction>Stock Appreciation Rights</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>17394</amountOfSecuritiesAcquired>
            <paymentDate>08/06/2024</paymentDate>
            <natureOfPayment>Cash</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>CURTIS E GARNER</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>07/29/2024</saleDate>
            <amountOfSecuritiesSold>60239</amountOfSecuritiesSold>
            <grossProceeds>3069562.58</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>08/06/2024</noticeDate>
            <planAdoptionDates/>
            <signature>/s/ Curtis E. Garner</signature>
        </noticeSignature>
    </formData>
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144
0001641487
XXXXXXXX
LIVE
0001058090
CHIPOTLE MEXICAN GRILL INC.
001-32731
610 NEWPORT CENTER DRIVE, SUITE 1100
NEWPORT BEACH
CA
92660
949-524-4000
CURTIS E. GARNER
Officer
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
8th Floor
New York
NY
10004
17394
951159.58
1369476000
08/06/2024
NYSE
Common
08/06/2024
Stock Appreciation Rights
Issuer
N
17394
08/06/2024
Cash
N
CURTIS E GARNER
610 NEWPORT CENTER DRIVE, SUITE 1100
NEWPORT BEACH
CA
92660
Common
07/29/2024
60239
3069562.58
08/06/2024
/s/ Curtis E. Garner