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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1620533	Shake Shack Inc.	SHAK	Retail-Eating & Drinking Places (5810)	471941186

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1632017	J Randall Garutti	C/O Shake Shack Inc. 225 Varick Street, Suite 301 New York NY 10014	Chief Executive Officer	Yes	Yes	Yes	No
1633960	L Maria Garutti	C/O Shake Shack Inc. 225 Varick Street, Suite 301 New York NY 10014		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2019-09-09	60,000	$21.00	90,702	No	4	M	Direct
Class A Common Stock	Disposition	2019-09-09	37,058	$102.63	53,644	No	4	S	Direct
Class A Common Stock	Disposition	2019-09-09	19,042	$103.40	34,602	No	4	S	Direct
Class A Common Stock	Disposition	2019-09-09	3,400	$104.44	31,202	No	4	S	Direct
Class A Common Stock	Disposition	2019-09-09	500	$105.21	30,702	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Stock Option (Right to Buy)	Disposition	2019-09-09	60,000	$0.00	60,000	$21.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
625,000		2025-01-29	No	4	M	Direct

Footnotes

The transactions reflected in this Form 4 were effected pursuant to a Rule 10b5-1 Trading Plan that was adopted by Mr. Garutti on August 7, 2019.
The transaction was executed in multiple trades at prices ranging from $102.0550 to $103.0549. The price reported above reflects the weighted average sales price.
Each Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
The transaction was executed in multiple trades at prices ranging from $103.0550 to $104.0549. The price reported above reflects the weighted average sales price.
The transaction was executed in multiple trades at prices ranging from $104.0550 to $105.0549. The price reported above reflects the weighted average sales price.
The transaction was executed in multiple trades at prices ranging from $105.0550 to $105.2300. The price reported above reflects the weighted average sales price.
An option to purchase 685,000 shares of Class A Common Stock of Shake Shack Inc. (the "Issuer") at $21 per share was granted to Mr. Garutti on January 29, 2015. 137,000 options vested on each of January 29, 2016, January 29, 2017, January 29, 2018, and January 29, 2019, and 137,000 options will vest on January 29, 2020, subject to Mr. Garutti's continued service with the Issuer.