CHIPOTLE MEXICAN GRILL INC

Ticker: CMG CUSIP: 169656105 Class: COM

SPHERA FUNDS MANAGEMENT LTD.'s Holding History (CIK: 0001496201)

Note: Option positions (PUT/CALL) are excluded.

Q4 2017

Shares 400 Value ($000) $116 Avg Close $5.96 Range $5.26 - $6.67

Q3 2017

Shares 400 Value ($000) $123 Avg Close $6.74 Range $5.90 - $8.39

Q2 2017

Shares 400 Value ($000) $166 Avg Close $9.28 Range $8.22 - $9.98

Q1 2017

Shares 400 Value ($000) $178 Avg Close $8.25 Range $7.46 - $9.06

Q4 2013

Shares 2,450 Value ($000) $1,305 Avg Close $10.17 Range $8.40 - $11.01

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	400	$116	$5.96	$5.26 - $6.67
Q3 2017	400	$123	$6.74	$5.90 - $8.39
Q2 2017	400	$166	$9.28	$8.22 - $9.98
Q1 2017	400	$178	$8.25	$7.46 - $9.06
Q4 2013	2,450	$1,305	$10.17	$8.40 - $11.01