SHAK

SEC source: 0001620533-22-000023 · wf-form4_164755625737219.xml · nonDerivative · entry 1

Koff Zach · CIK 0001693743 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 31,615

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Mr. Koff upon the Issuer's achievement of certain performance targets for certain performance criteria for fiscal year 2021, as determined by the Issuer's Compensation Committee on March 15, 2022. On March 15, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended (the "Incentive Plan"), Mr. Koff was awarded performance stock units that issue into restricted stock units representing the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 4 equal installments on each of March 15, 2022, March 15, 2023, March 15, 2024 and March 15, 2025.

F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Mr. Koff upon the Issuer's achievement of certain performance targets for certain performance criteria for fiscal year 2021, as determined by the Issuer's Compensation Committee on March 15, 2022. On March 15, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended (the "Incentive Plan"), Mr. Koff was awarded performance stock units that issue into restricted stock units representing the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 4 equal installments on each of March 15, 2022, March 15, 2023, March 15, 2024 and March 15, 2025.

SEC source: 0001620533-22-000025 · wf-form4_164755640871360.xml · nonDerivative · entry 1

GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 90,770

F1 · kind: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Mr. Garutti upon the Issuer's achievement of certain performance targets for certain performance criteria for fiscal year 2021, as determined by the Issuer's Compensation Committee on March 15, 2022. On March 15, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, Mr. Garutti was awarded performance stock units that issue into restricted stock units representing the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 4 equal installments on each of March 15, 2022, March 15, 2023, March 15, 2024 and March 15, 2025.

F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Mr. Garutti upon the Issuer's achievement of certain performance targets for certain performance criteria for fiscal year 2021, as determined by the Issuer's Compensation Committee on March 15, 2022. On March 15, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, Mr. Garutti was awarded performance stock units that issue into restricted stock units representing the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 4 equal installments on each of March 15, 2022, March 15, 2023, March 15, 2024 and March 15, 2025.

SEC source: 0001620533-22-000020 · wf-form4_164635110404943.xml · nonDerivative · entry 4

Koff Zach · CIK 0001693743 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,680

F4 · shares: Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Koff on March 2, 2020 pursuant to the Issuer's 2015 Incentive Award Plan.

SEC source: 0001620533-22-000018 · wf-form4_164635050615318.xml · nonDerivative · entry 1

Fogertey Katherine Irene · CIK 0001869363 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 31,483

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Ms. Fogertey. On March 1, 2022, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, Ms. Fogertey was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 4 equal installments on each of March 1, 2023, March 1, 2024, March 1, 2025, and March 1, 2026, subject to Ms. Fogertey's continued service with the Issuer.

SEC source: 0001620533-22-000020 · wf-form4_164635110404943.xml · nonDerivative · entry 3

Koff Zach · CIK 0001693743 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,996

F3 · shares: Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Koff on March 1, 2019 pursuant to the Issuer's 2015 Incentive Award Plan.

SEC source: 0001620533-22-000020 · wf-form4_164635110404943.xml · nonDerivative · entry 2

Koff Zach · CIK 0001693743 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,342

F2 · shares: Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Koff upon the Issuer's achievement of certain performance criteria for fiscal year 2019, as determined by the Issuer's Compensation Committee on February 28, 2020.

SEC source: 0001620533-22-000020 · wf-form4_164635110404943.xml · nonDerivative · entry 1

Koff Zach · CIK 0001693743 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,788

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Mr. Koff. On March 1, 2022, pursuant to the Issuer's 2015 Incentive Award Plan, as amended (the "Incentive Plan"), Mr. Koff was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 4 equal installments on each of March 1, 2023, March 1, 2024, March 1, 2025, and March 1, 2026, subject to Mr. Koff's continued service with the Issuer.

SEC source: 0001620533-22-000016 · wf-form4_164635026062244.xml · nonDerivative · entry 1

GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner

GARUTTI MARIA L · CIK 0001633960 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 77,646

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Mr. Garutti. On March 1, 2022, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, Mr. Garutti was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 4 equal installments on each of March 1, 2023, March 1, 2024, March 1, 2025, and March 1, 2026, subject to Mr. Garutti's continued service with the Issuer.

SEC source: 0001620533-21-000083 · wf-form4_162673217575938.xml · nonDerivative · entry 1

Fogertey Katherine Irene · CIK 0001869363 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,497

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person pursuant to the Reporting Person's Employment Agreement with the Issuer and the Issuer's 2015 Incentive Award Plan, as amended. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in five equal installments on each of July 15, 2022, July 15, 2023, July 15, 2024, July 15, 2025 and July 15, 2026.

SEC source: 0001620533-21-000081 · wf-form4_162647081949638.xml · derivative · entry 3

Lyons Jenna · CIK 0001452724 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,189

Underlying: CLASS A COMMON STOCK · 1,022 shares

Expires 2025-01-29

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_date: These options are fully vested.

SEC source: 0001620533-21-000081 · wf-form4_162647081949638.xml · nonDerivative · entry 2

Lyons Jenna · CIK 0001452724 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,423

F2 · price: The transaction was executed in multiple trades at prices ranging from $102.715 to $103.27. The price reported above reflects the weighted average sales price.

F3 · price: The Reporting Person hereby undertakes to provide upon request to the SEC staff, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

SEC source: 0001620533-21-000081 · wf-form4_162647081949638.xml · nonDerivative · entry 1

Lyons Jenna · CIK 0001452724 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,445

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The transactions reported on this Form 4 were all effected pursuant to a 10b5-1 trading plan entered into on March 16, 2021.

SEC source: 0001620533-21-000076 · wf-form4_162387913875324.xml · derivative · entry 3

Lyons Jenna · CIK 0001452724 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,211

Underlying: CLASS A COMMON STOCK · 1,022 shares

Expires 2025-01-29

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · shares: These options are fully vested.

SEC source: 0001620533-21-000076 · wf-form4_162387913875324.xml · nonDerivative · entry 2

Lyons Jenna · CIK 0001452724 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,423

F2 · price: The transaction was executed in multiple trades at prices ranging from $100.52 to $100.705. The price reported above reflects the weighted average sales price.

F3 · price: The Reporting Person hereby undertakes to provide upon request to the SEC staff, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

SEC source: 0001620533-21-000076 · wf-form4_162387913875324.xml · nonDerivative · entry 1

Lyons Jenna · CIK 0001452724 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,445

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The transactions reported on this Form 4 were all effected pursuant to a 10b5-1 trading plan entered into on March 16, 2021.

SEC source: 0001620533-21-000070 · wf-form4_162345380619021.xml · nonDerivative · entry 1

SOKOLOFF JONATHAN D · CIK 0001175522 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,266

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 9, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 9, 2022, subject to the Reporting Person's continued service with the Issuer.

F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 9, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 9, 2022, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001620533-21-000074 · wf-form4_162345398104767.xml · nonDerivative · entry 1

Walker Tristan · CIK 0001801386 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,732

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 9, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 9, 2022, subject to the Reporting Person's continued service with the Issuer.

F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 9, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 9, 2022, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001620533-21-000067 · wf-form4_162345365617573.xml · nonDerivative · entry 1

Meyer Daniel Harris · CIK 0001463932 · Director · 10% owner

DANIEL H. MEYER 2012 GIFT TRUST U/A/D 10/31/12 · CIK 0001633818 · 10% owner

MEYER AUDREY H · CIK 0001633830 · 10% owner

McQuinn Michael C · CIK 0001634102 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,238

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Mr. Meyer. On June 9, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, Mr. Meyer was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 9, 2022, subject to Mr. Meyer's continued service with the Issuer.

F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Mr. Meyer. On June 9, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, Mr. Meyer was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 9, 2022, subject to Mr. Meyer's continued service with the Issuer.

SEC source: 0001620533-21-000065 · wf-form4_162345356041252.xml · nonDerivative · entry 1

Lyons Jenna · CIK 0001452724 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,423

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 9, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 9, 2022, subject to the Reporting Person's continued service with the Issuer.

F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 9, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 9, 2022, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001620533-21-000072 · wf-form4_162345389482427.xml · nonDerivative · entry 1

VIVIAN ROBERT T · CIK 0001219750 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,610

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 9, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 9, 2022, subject to the Reporting Person's continued service with the Issuer.

F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 9, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 9, 2022, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001620533-21-000063 · wf-form4_162345347381704.xml · nonDerivative · entry 1

Flug Jeffrey · CIK 0001396917 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,179

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 9, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 9, 2022, subject to the Reporting Person's continued service with the Issuer.

F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 9, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 9, 2022, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001620533-21-000069 · wf-form4_162345373672193.xml · nonDerivative · entry 1

Silverman Josh · CIK 0001525358 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,971

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 9, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 9, 2022, subject to the Reporting Person's continued service with the Issuer.

F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 9, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 9, 2022, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001620533-21-000061 · wf-form4_162345337709252.xml · nonDerivative · entry 1

Fieler Anna Liao · CIK 0001724842 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,412

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 9, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 9, 2022, subject to the Reporting Person's continued service with the Issuer.

F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 9, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 9, 2022, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001620533-21-000059 · wf-form4_162345325973233.xml · nonDerivative · entry 1

Balbale Sumaiya · CIK 0001770993 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,646

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 9, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 9, 2022, subject to the Reporting Person's continued service with the Issuer.

F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 9, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 9, 2022, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001620533-21-000056 · wf-form4_162336242740512.xml · derivative · entry 3

Lyons Jenna · CIK 0001452724 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,233

Underlying: CLASS A COMMON STOCK · 1,022 shares

Expires 2025-01-29

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001620533-21-000056 · wf-form4_162336242740512.xml · nonDerivative · entry 2

Lyons Jenna · CIK 0001452724 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,044

F2 · price: The Reporting Person hereby undertakes to provide upon request to the SEC staff, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares and price at which the transaction was effected.

SEC source: 0001620533-21-000056 · wf-form4_162336242740512.xml · nonDerivative · entry 1

Lyons Jenna · CIK 0001452724 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,066

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The transactions reported on this Form 4 were all effected pursuant to a 10b5-1 trading plan entered into on March 16, 2021.

SEC source: 0001620533-21-000054 · wf-form4_162154762323395.xml · nonDerivative · entry 1

Koff Zach · CIK 0001693743 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,802

F1 · shares: Represents shares of Class A Common Stock of Shake Shack Inc. (the "Issuer") withheld for taxes upon the vesting of restricted stock units that were previously acquired by the Reporting Person upon the Issuer's achievement of certain performance criteria for fiscal year 2018, as determined by the Issuer's Compensation Committee on March 11, 2019.

SEC source: 0001620533-21-000044 · wf-form4_161895889747348.xml · nonDerivative · entry 2

Lyons Jenna · CIK 0001452724 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,044

F3 · price: The Reporting Person hereby undertakes to provide upon request to the SEC staff, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

F4 · price: The transaction was executed in multiple trades at prices ranging from $119.10 to $119.508. The price reported above reflects the weighted average sales price.

SEC source: 0001620533-21-000044 · wf-form4_161895889747348.xml · nonDerivative · entry 1

Lyons Jenna · CIK 0001452724 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,249

F1 · date: The transactions reported on this Form 4 were all effected pursuant to a 10b5-1 trading plan entered into on March 16, 2021.

F2 · price: The transaction was executed in multiple trades at prices ranging from $118.10 to $119.09. The price reported above reflects the weighted average sales price.

F3 · price: The Reporting Person hereby undertakes to provide upon request to the SEC staff, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

SEC source: 0001620533-21-000041 · wf-form4_161662750477519.xml · derivative · entry 1

Comonte Tara · CIK 0001708832 · PRESIDENT & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,698

Underlying: CLASS A COMMON STOCK · 1,698 shares

Expires 2031-03-22

F1 · derivative.exercise_date: The options vest in five equal installments on each of the first five anniversaries of the grant date, subject to Ms. Comonte's employment agreement with Shake Shack Inc.

SEC source: 0001620533-21-000037 · wf-form4_161602043558035.xml · nonDerivative · entry 1

Koff Zach · CIK 0001693743 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,086

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On March 15, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 4 equal installments on each of March 15, 2022, March 15, 2023, March 15, 2024, and March 15, 2025, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001620533-21-000039 · wf-form4_161602062534046.xml · nonDerivative · entry 1

GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner

GARUTTI MARIA L · CIK 0001633960 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,675

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Mr. Garutti. On March 15, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, Mr. Garutti was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 4 equal installments on each of March 15, 2022, March 15, 2023, March 15, 2024, and March 15, 2025, subject to Mr. Garutti's continued service with the Issuer.

SEC source: 0001620533-21-000035 · wf-form4_161602021392353.xml · nonDerivative · entry 1

Comonte Tara · CIK 0001708832 · PRESIDENT & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 58,072

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On March 15, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 4 equal installments on each of March 15, 2022, March 15, 2023, March 15, 2024, and March 15, 2025, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001620533-21-000032 · wf-form4_161481655652417.xml · nonDerivative · entry 3

Koff Zach · CIK 0001693743 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,158

F3 · shares: Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Koff on March 2, 2020 pursuant to the Issuer's Incentive Award Plan.

SEC source: 0001620533-21-000031 · wf-form4_161481648780187.xml · nonDerivative · entry 3

Comonte Tara · CIK 0001708832 · PRESIDENT & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 55,180

F3 · shares: Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Ms. Comonte on March 2, 2020 pursuant to the Issuer's Incentive Plan.

SEC source: 0001620533-21-000032 · wf-form4_161481655652417.xml · nonDerivative · entry 2

Koff Zach · CIK 0001693743 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,455

F2 · shares: Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Koff on March 1, 2019 pursuant to the Issuer's 2015 Incentive Award Plan, as amended (the "Incentive Award Plan").

SEC source: 0001620533-21-000032 · wf-form4_161481655652417.xml · nonDerivative · entry 1

Koff Zach · CIK 0001693743 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,779

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Koff upon the Issuer's achievement of certain performance criteria for fiscal year 2019, as determined by the Issuer's Compensation Committee on February 28, 2020.

SEC source: 0001620533-21-000033 · wf-form4_161482204466365.xml · nonDerivative · entry 6

Meyer Daniel Harris · CIK 0001463932 · Director · 10% owner

DANIEL H. MEYER 2012 GIFT TRUST U/A/D 10/31/12 · CIK 0001633818 · 10% owner

MEYER AUDREY H · CIK 0001633830 · 10% owner

McQuinn Michael C · CIK 0001634102 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · BY TRUST

Disclosed balance after: 555,111

F2 · shares: The Daniel H. Meyer Investment Trust (the "Investment Trust") hereby undertakes to provide upon request to the SEC staff, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

F8 · shares: The transaction was executed in multiple trades at prices ranging from $118.25 to $118.95. The price reported above reflects the weighted average sales price.

F3 · ownership.nature: Shares of Class A common stock ("Class A Stock") of the Issuer were disposed of by Mr. Meyer through the Investment Trust pursuant to a 10b5-1 trading plan entered into on December 14, 2020. Mr. Meyer is the grantor, trustee and beneficiary of the Investment Trust. Mr. Meyer disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0001620533-21-000033 · wf-form4_161482204466365.xml · nonDerivative · entry 5

Meyer Daniel Harris · CIK 0001463932 · Director · 10% owner

DANIEL H. MEYER 2012 GIFT TRUST U/A/D 10/31/12 · CIK 0001633818 · 10% owner

MEYER AUDREY H · CIK 0001633830 · 10% owner

McQuinn Michael C · CIK 0001634102 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · BY TRUST

Disclosed balance after: 560,210

F2 · shares: The Daniel H. Meyer Investment Trust (the "Investment Trust") hereby undertakes to provide upon request to the SEC staff, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

F7 · shares: The transaction was executed in multiple trades at prices ranging from $117.25 to $118.2499. The price reported above reflects the weighted average sales price.

F3 · ownership.nature: Shares of Class A common stock ("Class A Stock") of the Issuer were disposed of by Mr. Meyer through the Investment Trust pursuant to a 10b5-1 trading plan entered into on December 14, 2020. Mr. Meyer is the grantor, trustee and beneficiary of the Investment Trust. Mr. Meyer disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0001620533-21-000033 · wf-form4_161482204466365.xml · nonDerivative · entry 4

Meyer Daniel Harris · CIK 0001463932 · Director · 10% owner

DANIEL H. MEYER 2012 GIFT TRUST U/A/D 10/31/12 · CIK 0001633818 · 10% owner

MEYER AUDREY H · CIK 0001633830 · 10% owner

McQuinn Michael C · CIK 0001634102 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · BY TRUST

Disclosed balance after: 586,686

F2 · shares: The Daniel H. Meyer Investment Trust (the "Investment Trust") hereby undertakes to provide upon request to the SEC staff, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

F6 · shares: The transaction was executed in multiple trades at prices ranging from $116.25 to $117.2499. The price reported above reflects the weighted average sales price.

F3 · ownership.nature: Shares of Class A common stock ("Class A Stock") of the Issuer were disposed of by Mr. Meyer through the Investment Trust pursuant to a 10b5-1 trading plan entered into on December 14, 2020. Mr. Meyer is the grantor, trustee and beneficiary of the Investment Trust. Mr. Meyer disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0001620533-21-000033 · wf-form4_161482204466365.xml · nonDerivative · entry 3

Meyer Daniel Harris · CIK 0001463932 · Director · 10% owner

DANIEL H. MEYER 2012 GIFT TRUST U/A/D 10/31/12 · CIK 0001633818 · 10% owner

MEYER AUDREY H · CIK 0001633830 · 10% owner

McQuinn Michael C · CIK 0001634102 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · BY TRUST

Disclosed balance after: 618,733

F2 · shares: The Daniel H. Meyer Investment Trust (the "Investment Trust") hereby undertakes to provide upon request to the SEC staff, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

F5 · shares: The transaction was executed in multiple trades at prices ranging from $115.25 to $116.2499. The price reported above reflects the weighted average sales price.

F3 · ownership.nature: Shares of Class A common stock ("Class A Stock") of the Issuer were disposed of by Mr. Meyer through the Investment Trust pursuant to a 10b5-1 trading plan entered into on December 14, 2020. Mr. Meyer is the grantor, trustee and beneficiary of the Investment Trust. Mr. Meyer disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0001620533-21-000033 · wf-form4_161482204466365.xml · nonDerivative · entry 2

Meyer Daniel Harris · CIK 0001463932 · Director · 10% owner

DANIEL H. MEYER 2012 GIFT TRUST U/A/D 10/31/12 · CIK 0001633818 · 10% owner

MEYER AUDREY H · CIK 0001633830 · 10% owner

McQuinn Michael C · CIK 0001634102 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · BY TRUST

Disclosed balance after: 650,652

F2 · shares: The Daniel H. Meyer Investment Trust (the "Investment Trust") hereby undertakes to provide upon request to the SEC staff, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

F4 · shares: The transaction was executed in multiple trades at prices ranging from $114.25 to $115.2499. The price reported above reflects the weighted average sales price.

F3 · ownership.nature: Shares of Class A common stock ("Class A Stock") of the Issuer were disposed of by Mr. Meyer through the Investment Trust pursuant to a 10b5-1 trading plan entered into on December 14, 2020. Mr. Meyer is the grantor, trustee and beneficiary of the Investment Trust. Mr. Meyer disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0001620533-21-000033 · wf-form4_161482204466365.xml · nonDerivative · entry 1

Meyer Daniel Harris · CIK 0001463932 · Director · 10% owner

DANIEL H. MEYER 2012 GIFT TRUST U/A/D 10/31/12 · CIK 0001633818 · 10% owner

MEYER AUDREY H · CIK 0001633830 · 10% owner

McQuinn Michael C · CIK 0001634102 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · BY TRUST

Disclosed balance after: 661,076

F1 · shares: The transaction was executed in multiple trades at prices ranging from $113.25 to $114.2499. The price reported above reflects the weighted average sales price.

F2 · shares: The Daniel H. Meyer Investment Trust (the "Investment Trust") hereby undertakes to provide upon request to the SEC staff, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

F3 · ownership.nature: Shares of Class A common stock ("Class A Stock") of the Issuer were disposed of by Mr. Meyer through the Investment Trust pursuant to a 10b5-1 trading plan entered into on December 14, 2020. Mr. Meyer is the grantor, trustee and beneficiary of the Investment Trust. Mr. Meyer disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0001620533-21-000031 · wf-form4_161481648780187.xml · nonDerivative · entry 2

Comonte Tara · CIK 0001708832 · PRESIDENT & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 55,878

F2 · shares: Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Ms. Comonte on March 1, 2019 pursuant to the Issuer's 2015 Incentive Award Plan, as amended (the "Incentive Award Plan").

SEC source: 0001620533-21-000031 · wf-form4_161481648780187.xml · nonDerivative · entry 1

Comonte Tara · CIK 0001708832 · PRESIDENT & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 56,513

F1 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") withheld for taxes upon the vesting of restricted stock units that were previously acquired by Ms. Comonte upon the Issuer's achievement of certain performance criteria for fiscal year 2019, as determined by the Issuer's Compensation Committee on February 28, 2020.

SEC source: 0001620533-21-000018 · wf-form4_161369231011388.xml · derivative · entry 11

GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner

GARUTTI MARIA L · CIK 0001633960 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: CLASS A COMMON STOCK · 140,000 shares

Expires 2025-01-29

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F12 · derivative.exercise_date: An option to purchase 685,000 shares of Class A common stock 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, January 29, 2019, and January 29, 2020.

SEC source: 0001620533-21-000018 · wf-form4_161369231011388.xml · nonDerivative · entry 10

GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner

GARUTTI MARIA L · CIK 0001633960 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,891

F3 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC staff, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

F11 · price: The transaction was executed in multiple trades at prices ranging from $128.53 to $128.81. The price reported above reflects the weighted average sales price.

SEC source: 0001620533-21-000018 · wf-form4_161369231011388.xml · nonDerivative · entry 9

GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner

GARUTTI MARIA L · CIK 0001633960 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 53,091

F3 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC staff, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

F10 · price: The transaction was executed in multiple trades at prices ranging from $127.53 to $128.5299. The price reported above reflects the weighted average sales price.

SEC source: 0001620533-21-000018 · wf-form4_161369231011388.xml · nonDerivative · entry 8

GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner

GARUTTI MARIA L · CIK 0001633960 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 54,390

F3 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC staff, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

F9 · price: The transaction was executed in multiple trades at prices ranging from $126.53 to $127.5299. The price reported above reflects the weighted average sales price.