MEYER AUDREY H

SEC source: 0001620533-21-000016 · wf-form4_161240110151722.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: 665,411

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 $113.29 to $114.2899. 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. 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: 0001620533-21-000016 · wf-form4_161240110151722.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: 682,130

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 $112.29 to $113.2899. 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. 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: 0001620533-21-000016 · wf-form4_161240110151722.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: 710,148

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 $111.29 to $112.2899. 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. 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: 0001620533-21-000016 · wf-form4_161240110151722.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: 732,308

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 $110.29 to $111.2899. 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. 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: 0001620533-21-000016 · wf-form4_161240110151722.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: 756,954

F1 · shares: The transaction was executed in multiple trades at prices ranging from $109.29 to $110.2899. 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. 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: 0001620533-21-000006 · wf-form4_160997606941347.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: 775,111

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.

F5 · shares: The transaction was executed in multiple trades at prices ranging from $84.21 to $85.00. 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 August 28, 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: 0001620533-21-000006 · wf-form4_160997606941347.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: 775,311

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 $83.21 to $84.2099. 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 August 28, 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: 0001620533-21-000006 · wf-form4_160997606941347.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: 779,308

F1 · shares: The transaction was executed in multiple trades at prices ranging from $82.21 to $83.2099. 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 August 28, 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: 0001620533-20-000121 · wf-form4_160703788735628.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: 785,996

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 $82.04 to $82.52. 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 August 28, 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: 0001620533-20-000121 · wf-form4_160703788735628.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: 789,196

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 $81.04 to $82.0399. 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 August 28, 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: 0001620533-20-000121 · wf-form4_160703788735628.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: 841,320

F1 · shares: The transaction was executed in multiple trades at prices ranging from $80.04 to $81.0399. The price reported above reflects the weighted average sales price.

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 August 28, 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: 0001620533-20-000117 · wf-form4_160521536191437.xml · nonDerivative · entry 8

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: 910,996

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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.

F10 · shares: The transaction was executed in multiple trades at prices ranging from $86.26 to $86.50. The price reported above reflects the weighted average sales price.

F11 · balance_after: Includes 379 shares of Class A Stock of the Issuer transferred from Mr. Meyer to the Investment Trust after the lapse of restrictions on prior restricted stock unit grants. The transfer reflects no change in beneficial ownership or pecuniary interest and is exempt under Rule 16a-13.

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 August 28, 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: 0001620533-20-000117 · wf-form4_160521536191437.xml · nonDerivative · entry 7

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: 910,817

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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.

F9 · shares: The transaction was executed in multiple trades at prices ranging from $85.26 to $86.2599. 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 August 28, 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: 0001620533-20-000117 · wf-form4_160521536191437.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: 912,092

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 $84.26 to $85.2599. 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 August 28, 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: 0001620533-20-000117 · wf-form4_160521536191437.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: 913,414

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 $83.26 to $84.2599. 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 August 28, 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: 0001620533-20-000117 · wf-form4_160521536191437.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: 921,891

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 $82.26 to $83.2599. 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 August 28, 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: 0001620533-20-000117 · wf-form4_160521536191437.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: 932,358

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 $81.26 to $82.2599. 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 August 28, 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: 0001620533-20-000117 · wf-form4_160521536191437.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: 934,917

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 $80.26 to $81.2599. 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 August 28, 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: 0001620533-20-000117 · wf-form4_160521536191437.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: 935,317

F1 · shares: The transaction was executed in multiple trades at prices ranging from $79.26 to $80.2599. The price reported above reflects the weighted average sales price.

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 August 28, 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: 0001620533-20-000113 · wf-form4_160469812312775.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: 935,617

F1 · kind: The transaction was executed in multiple trades at prices ranging from $70.0000 to $70.4600. The price reported above reflects the weighted average sales price.

F2 · kind: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 August 28, 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: 0001620533-20-000111 · wf-form4_160453380487914.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: 960,617

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 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 $67.1400 to $67.7000. 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 August 28, 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: 0001620533-20-000111 · wf-form4_160453380487914.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: 963,359

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 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 $66.1400 to $67.1399. 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 August 28, 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: 0001620533-20-000111 · wf-form4_160453380487914.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: 964,735

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 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 $65.1400 to $66.1399. 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 August 28, 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: 0001620533-20-000111 · wf-form4_160453380487914.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: 996,008

F1 · shares: The transaction was executed in multiple trades at prices ranging from $64.1400 to $65.1399. The price reported above reflects the weighted average sales price.

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 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 August 28, 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: 0001620533-20-000096 · wf-form4_160384138203852.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: 1,035,617

F1 · shares: The transaction was executed in multiple trades at prices ranging from $75.0000 to $75.3300. The price reported above reflects the weighted average sales price.

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 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 August 28, 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: 0001620533-20-000090 · wf-form4_160262930337362.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: 1,049,732

F1 · shares: The transaction was executed in multiple trades at prices ranging from $70.00 to $70.69. The price reported above reflects the weighted average sales price.

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 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 August 28, 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: 0001620533-20-000088 · wf-form4_160193590659983.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: 1,074,732

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 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 $65.00 to $65.52. 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 August 28, 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: 0001620533-20-000088 · wf-form4_160193590659983.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: 1,079,758

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 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 $65.10 to $65.34. 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 August 28, 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: 0001620533-20-000088 · wf-form4_160193590659983.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: 1,084,458

F1 · shares: The transaction was executed in multiple trades at prices ranging from $64.10 to $65.0999. The price reported above reflects the weighted average sales price.

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 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 August 28, 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: 0001620533-20-000084 · wf-form4_160012538233403.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: 1,149,732

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 $71.00 to $71.40. 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 August 28, 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: 0001620533-20-000084 · wf-form4_160012538233403.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: 1,157,231

F1 · shares: The transaction was executed in multiple trades at prices ranging from $70.00 to $70.99. The price reported above reflects the weighted average sales price.

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 August 28, 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: 0001620533-20-000079 · wf-form4_159917505186301.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: 1,174,732

F1 · shares: The transaction was executed in multiple trades at prices ranging from $67.34 to $68.91. The price reported above reflects the weighted average sales price.

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 February 26, 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: 0001620533-20-000077 · wf-form4_159891278680063.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: 1,224,732

F1 · shares: The transaction was executed in multiple trades at prices ranging from $65.00 to $65.43. The price reported above reflects the weighted average sales price.

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 February 26, 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: 0001620533-20-000075 · wf-form4_159778450139131.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: 1,249,732

F1 · shares: The transaction was executed in multiple trades at prices ranging from $55.00 to $55.07. The price reported above reflects the weighted average sales price.

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 February 26, 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: 0001620533-20-000073 · wf-form4_159735060784771.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: 1,251,398

F1 · shares: The transaction was executed in multiple trades at prices ranging from $55.00 to $55.11. The price reported above reflects the weighted average sales price.

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 February 26, 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: 0001620533-20-000071 · wf-form4_159622672612887.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: 1,274,732

F1 · shares: The transaction was executed in multiple trades at prices ranging from $55.0000 to $55.2800. The price reported above reflects the weighted average sales price.

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d/5/15/92 (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 February 26, 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: 0001620533-20-000042 · wf-form4_159199522649528.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: 1,364

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 10, 2020, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, the Issuer's Non-Employee Director Compensation Policy, and the recent approval of the Board of Directors of the Issuer dated June 10, 2020 as reflected in the Current Report on Form 8-K filed with the Securities and Exchange Commission on June 12, 2020, 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 10, 2021, 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 10, 2020, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, the Issuer's Non-Employee Director Compensation Policy, and the recent approval of the Board of Directors of the Issuer dated June 10, 2020 as reflected in the Current Report on Form 8-K filed with the Securities and Exchange Commission on June 12, 2020, 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 10, 2021, subject to Mr. Meyer's continued service with the Issuer.

SEC source: 0001620533-20-000040 · wf-form4_159121746514157.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: 1,299,732

F1 · shares: The transaction was executed in multiple trades at prices ranging from $55.00 to $55.70. The price reported above reflects the weighted average sales price.

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 February 26, 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: 0001620533-20-000031 · wf-form4_158931595283452.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: 1,324,732

F1 · shares: The transaction was executed in multiple trades at prices ranging from $55.00 to $55.27. The price reported above reflects the weighted average sales price.

F2 · shares: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 February 26, 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: 0001620533-20-000023 · wf-form4_158837364901020.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: 1,349,732

F1 · price: The transaction was executed in multiple trades at prices ranging from $55.00 to $55.84. The price reported above reflects the weighted average sales price.

F2 · price: The Daniel H. Meyer Investment Trust d/t/d 5/15/92 (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 February 26, 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: 0001620533-19-000127 · wf-form4_156806056933391.xml · derivative · entry 8

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: 1,861,057

Underlying: CLASS A COMMON STOCK · 1,270,136 shares

Expires not disclosed

F7 · derivative.exercise_price: Represents LLC Interests which are redeemable (subject to certain waiting periods) for an equal number of shares of Class A Stock or, at the election of the Issuer, cash equal to the volume-weighted average market price of such shares. The LLC Interests have no expiration date.

F4 · kind: On September 5, 2019, the Investment Trust and the Daniel H. Meyer Gift Trust dtd 10/31/12 (the "Gift Trust") entered into an Exchange Agreement (the "Exchange Agreement"), pursuant to which (i) the Investment Trust transferred 1,270,136 LLC Interests and 1,270,136 shares of Class B Common Stock ("Class B Stock") of the Issuer to the Gift Trust and (ii) the Gift Trust transferred 1,230,885 shares of Class A Stock of the Issuer to the Investment Trust.

F7 · price: Represents LLC Interests which are redeemable (subject to certain waiting periods) for an equal number of shares of Class A Stock or, at the election of the Issuer, cash equal to the volume-weighted average market price of such shares. The LLC Interests have no expiration date.

F7 · derivative.exercise_date: Represents LLC Interests which are redeemable (subject to certain waiting periods) for an equal number of shares of Class A Stock or, at the election of the Issuer, cash equal to the volume-weighted average market price of such shares. The LLC Interests have no expiration date.

F7 · derivative.expiration_date: Represents LLC Interests which are redeemable (subject to certain waiting periods) for an equal number of shares of Class A Stock or, at the election of the Issuer, cash equal to the volume-weighted average market price of such shares. The LLC Interests have no expiration date.

F6 · ownership.nature: Mr. Meyer's spouse, Audrey Meyer, is a co-trustee and beneficiary of the Gift Trust. Mr. McQuinn is the co-trustee. Each Reporting Person disclaims beneficial ownership of the securities except to the extent of such Reporting Person's pecuniary interest therein.

SEC source: 0001620533-19-000127 · wf-form4_156806056933391.xml · derivative · entry 7

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: 0

Underlying: CLASS A COMMON STOCK · 1,270,136 shares

Expires not disclosed

F7 · derivative.exercise_price: Represents LLC Interests which are redeemable (subject to certain waiting periods) for an equal number of shares of Class A Stock or, at the election of the Issuer, cash equal to the volume-weighted average market price of such shares. The LLC Interests have no expiration date.

F4 · kind: On September 5, 2019, the Investment Trust and the Daniel H. Meyer Gift Trust dtd 10/31/12 (the "Gift Trust") entered into an Exchange Agreement (the "Exchange Agreement"), pursuant to which (i) the Investment Trust transferred 1,270,136 LLC Interests and 1,270,136 shares of Class B Common Stock ("Class B Stock") of the Issuer to the Gift Trust and (ii) the Gift Trust transferred 1,230,885 shares of Class A Stock of the Issuer to the Investment Trust.

F7 · price: Represents LLC Interests which are redeemable (subject to certain waiting periods) for an equal number of shares of Class A Stock or, at the election of the Issuer, cash equal to the volume-weighted average market price of such shares. The LLC Interests have no expiration date.

F7 · derivative.exercise_date: Represents LLC Interests which are redeemable (subject to certain waiting periods) for an equal number of shares of Class A Stock or, at the election of the Issuer, cash equal to the volume-weighted average market price of such shares. The LLC Interests have no expiration date.

F7 · derivative.expiration_date: Represents LLC Interests which are redeemable (subject to certain waiting periods) for an equal number of shares of Class A Stock or, at the election of the Issuer, cash equal to the volume-weighted average market price of such shares. The LLC Interests have no expiration date.

F3 · ownership.nature: Mr. Meyer is the grantor, trustee and beneficiary of the Investment Trust. Mr. Meyer disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.

SEC source: 0001620533-19-000127 · wf-form4_156806056933391.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: 1,861,057

F4 · kind: On September 5, 2019, the Investment Trust and the Daniel H. Meyer Gift Trust dtd 10/31/12 (the "Gift Trust") entered into an Exchange Agreement (the "Exchange Agreement"), pursuant to which (i) the Investment Trust transferred 1,270,136 LLC Interests and 1,270,136 shares of Class B Common Stock ("Class B Stock") of the Issuer to the Gift Trust and (ii) the Gift Trust transferred 1,230,885 shares of Class A Stock of the Issuer to the Investment Trust.

F5 · price: Under the Exchange Agreement, a discount was applied to the value of the common membership interests in SSE Holdings, LLC (the "LLC Interests") and Class B Stock of the Issuer resulting from the time required to redeem LLC Interests for Class A Stock of the Issuer. See footnote 7 below.

F6 · ownership.nature: Mr. Meyer's spouse, Audrey Meyer, is a co-trustee and beneficiary of the Gift Trust. Mr. McQuinn is the co-trustee. Each Reporting Person disclaims beneficial ownership of the securities except to the extent of such Reporting Person's pecuniary interest therein.

SEC source: 0001620533-19-000127 · wf-form4_156806056933391.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: 0

F4 · kind: On September 5, 2019, the Investment Trust and the Daniel H. Meyer Gift Trust dtd 10/31/12 (the "Gift Trust") entered into an Exchange Agreement (the "Exchange Agreement"), pursuant to which (i) the Investment Trust transferred 1,270,136 LLC Interests and 1,270,136 shares of Class B Common Stock ("Class B Stock") of the Issuer to the Gift Trust and (ii) the Gift Trust transferred 1,230,885 shares of Class A Stock of the Issuer to the Investment Trust.

F5 · price: Under the Exchange Agreement, a discount was applied to the value of the common membership interests in SSE Holdings, LLC (the "LLC Interests") and Class B Stock of the Issuer resulting from the time required to redeem LLC Interests for Class A Stock of the Issuer. See footnote 7 below.

F3 · ownership.nature: Mr. Meyer is the grantor, trustee and beneficiary of the Investment Trust. Mr. Meyer disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.

SEC source: 0001620533-19-000127 · wf-form4_156806056933391.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: 1,305,306

F4 · kind: On September 5, 2019, the Investment Trust and the Daniel H. Meyer Gift Trust dtd 10/31/12 (the "Gift Trust") entered into an Exchange Agreement (the "Exchange Agreement"), pursuant to which (i) the Investment Trust transferred 1,270,136 LLC Interests and 1,270,136 shares of Class B Common Stock ("Class B Stock") of the Issuer to the Gift Trust and (ii) the Gift Trust transferred 1,230,885 shares of Class A Stock of the Issuer to the Investment Trust.

F5 · price: Under the Exchange Agreement, a discount was applied to the value of the common membership interests in SSE Holdings, LLC (the "LLC Interests") and Class B Stock of the Issuer resulting from the time required to redeem LLC Interests for Class A Stock of the Issuer. See footnote 7 below.

F6 · ownership.nature: Mr. Meyer's spouse, Audrey Meyer, is a co-trustee and beneficiary of the Gift Trust. Mr. McQuinn is the co-trustee. Each Reporting Person disclaims beneficial ownership of the securities except to the extent of such Reporting Person's pecuniary interest therein.

SEC source: 0001620533-19-000127 · wf-form4_156806056933391.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: 1,374,732

F4 · kind: On September 5, 2019, the Investment Trust and the Daniel H. Meyer Gift Trust dtd 10/31/12 (the "Gift Trust") entered into an Exchange Agreement (the "Exchange Agreement"), pursuant to which (i) the Investment Trust transferred 1,270,136 LLC Interests and 1,270,136 shares of Class B Common Stock ("Class B Stock") of the Issuer to the Gift Trust and (ii) the Gift Trust transferred 1,230,885 shares of Class A Stock of the Issuer to the Investment Trust.

F5 · price: Under the Exchange Agreement, a discount was applied to the value of the common membership interests in SSE Holdings, LLC (the "LLC Interests") and Class B Stock of the Issuer resulting from the time required to redeem LLC Interests for Class A Stock of the Issuer. See footnote 7 below.

F3 · ownership.nature: Mr. Meyer is the grantor, trustee and beneficiary of the Investment Trust. Mr. Meyer disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.

SEC source: 0001620533-19-000127 · wf-form4_156806056933391.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: 143,847

F1 · kind: Comprised of four separate charitable gift transactions exempt under Rule 16b-5.

F2 · balance_after: Includes 1,032 shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") transferred from Daniel H. Meyer to the Daniel H. Meyer Investment Trust dated 5/15/92 (the "Investment Trust") after lapse of restrictions on prior restricted stock unit grants. Transfers reflect no change in beneficial ownership or pecuniary interest and are exempt under Rule 16a-13.

F3 · ownership.nature: Mr. Meyer is the grantor, trustee and beneficiary of the Investment Trust. Mr. Meyer disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.

SEC source: 0001620533-19-000123 · wf-form4_156599303380555.xml · derivative · entry 7

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 Corp.

Disclosed balance after: 0

Underlying: CLASS A COMMON STOCK · 2,690,263 shares

Expires not disclosed

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.

F7 · derivative.exercise_price: Represents LLC Interests which are redeemable for an equal number of shares of the Issuer's Class A Common Stock or, at the election of the Issuer, cash equal to the volume-weighted average market price of such shares. The LLC Interests have no expiration date.

F8 · derivative.exercise_price: GTC did not redeem the LLC Interests prior to the effective time of the Reorganization.

F1 · shares: Pursuant to a Stockholders Agreement, dated as of February 4, 2015, as amended, by and among Daniel H. Meyer, the Daniel H. Meyer 2012 Gift Trust dtd 10/31/12 (the "Gift Trust"), other affiliates (collectively, the "Meyer Stockholders") and other signatories party thereto, the Meyer Stockholders have the right to cause all of the shares of Gramercy Tavern Corp. ("GTC") to be exchanged for shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") pursuant to a reorganization under Section 368(a) of the Internal Revenue Code (the "Reorganization"). The Meyer Stockholders made such an election with respect to GTC.

F2 · shares: To effect the Reorganization, a subsidiary of the Issuer merged with and into GTC, which was then merged with and into the Issuer, resulting in (i) conversion and exchange of shares of GTC for Class A Stock, (ii) cancellation of Class B Common Stock ("Class B Stock") of the Issuer held by GTC, and (iii) transfer of the common membership interests in SSE Holdings, LLC (the "LLC Interests") held by GTC to the Issuer. The Class B Stock and LLC Interests held by GTC were reported as held by each of Daniel H. Meyer and the Gift Trust by virtue of each such Reporting Person's control over GTC and, accordingly, their cancellation and transfer, as applicable, is reported hereon. Mr. Meyer, through Daniel H. Meyer Investment Trust dtd 5/15/92, and the Gift Trust, received 154,072 and 2,536,191 shares of the Issuer's Class A Stock, respectively, in exchange for GTC shares, representing such Reporting Person's 5.727% and 94.273% interest, respectively, in GTC.

F3 · shares: The reported transactions are exempt under Rule 16b-6(b), 16b-3 and 16b-7 of the Securities Exchange Act of 1934.

F7 · price: Represents LLC Interests which are redeemable for an equal number of shares of the Issuer's Class A Common Stock or, at the election of the Issuer, cash equal to the volume-weighted average market price of such shares. The LLC Interests have no expiration date.

F8 · price: GTC did not redeem the LLC Interests prior to the effective time of the Reorganization.

F7 · derivative.exercise_date: Represents LLC Interests which are redeemable for an equal number of shares of the Issuer's Class A Common Stock or, at the election of the Issuer, cash equal to the volume-weighted average market price of such shares. The LLC Interests have no expiration date.

F8 · derivative.exercise_date: GTC did not redeem the LLC Interests prior to the effective time of the Reorganization.

F7 · derivative.expiration_date: Represents LLC Interests which are redeemable for an equal number of shares of the Issuer's Class A Common Stock or, at the election of the Issuer, cash equal to the volume-weighted average market price of such shares. The LLC Interests have no expiration date.

F8 · derivative.expiration_date: GTC did not redeem the LLC Interests prior to the effective time of the Reorganization.

F1 · balance_after: Pursuant to a Stockholders Agreement, dated as of February 4, 2015, as amended, by and among Daniel H. Meyer, the Daniel H. Meyer 2012 Gift Trust dtd 10/31/12 (the "Gift Trust"), other affiliates (collectively, the "Meyer Stockholders") and other signatories party thereto, the Meyer Stockholders have the right to cause all of the shares of Gramercy Tavern Corp. ("GTC") to be exchanged for shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") pursuant to a reorganization under Section 368(a) of the Internal Revenue Code (the "Reorganization"). The Meyer Stockholders made such an election with respect to GTC.

F2 · balance_after: To effect the Reorganization, a subsidiary of the Issuer merged with and into GTC, which was then merged with and into the Issuer, resulting in (i) conversion and exchange of shares of GTC for Class A Stock, (ii) cancellation of Class B Common Stock ("Class B Stock") of the Issuer held by GTC, and (iii) transfer of the common membership interests in SSE Holdings, LLC (the "LLC Interests") held by GTC to the Issuer. The Class B Stock and LLC Interests held by GTC were reported as held by each of Daniel H. Meyer and the Gift Trust by virtue of each such Reporting Person's control over GTC and, accordingly, their cancellation and transfer, as applicable, is reported hereon. Mr. Meyer, through Daniel H. Meyer Investment Trust dtd 5/15/92, and the Gift Trust, received 154,072 and 2,536,191 shares of the Issuer's Class A Stock, respectively, in exchange for GTC shares, representing such Reporting Person's 5.727% and 94.273% interest, respectively, in GTC.

F3 · balance_after: The reported transactions are exempt under Rule 16b-6(b), 16b-3 and 16b-7 of the Securities Exchange Act of 1934.

F9 · ownership.nature: Represents LLC Interests held by each of the Reporting Persons indirectly through GT. Each Reporting Person disclaims beneficial ownership of such securities except to the extent of such Reporting Person's pecuniary interest therein.

SEC source: 0001620533-19-000123 · wf-form4_156599303380555.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 Corp.

Disclosed balance after: 0

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: Pursuant to a Stockholders Agreement, dated as of February 4, 2015, as amended, by and among Daniel H. Meyer, the Daniel H. Meyer 2012 Gift Trust dtd 10/31/12 (the "Gift Trust"), other affiliates (collectively, the "Meyer Stockholders") and other signatories party thereto, the Meyer Stockholders have the right to cause all of the shares of Gramercy Tavern Corp. ("GTC") to be exchanged for shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") pursuant to a reorganization under Section 368(a) of the Internal Revenue Code (the "Reorganization"). The Meyer Stockholders made such an election with respect to GTC.

F2 · kind: To effect the Reorganization, a subsidiary of the Issuer merged with and into GTC, which was then merged with and into the Issuer, resulting in (i) conversion and exchange of shares of GTC for Class A Stock, (ii) cancellation of Class B Common Stock ("Class B Stock") of the Issuer held by GTC, and (iii) transfer of the common membership interests in SSE Holdings, LLC (the "LLC Interests") held by GTC to the Issuer. The Class B Stock and LLC Interests held by GTC were reported as held by each of Daniel H. Meyer and the Gift Trust by virtue of each such Reporting Person's control over GTC and, accordingly, their cancellation and transfer, as applicable, is reported hereon. Mr. Meyer, through Daniel H. Meyer Investment Trust dtd 5/15/92, and the Gift Trust, received 154,072 and 2,536,191 shares of the Issuer's Class A Stock, respectively, in exchange for GTC shares, representing such Reporting Person's 5.727% and 94.273% interest, respectively, in GTC.

F3 · kind: The reported transactions are exempt under Rule 16b-6(b), 16b-3 and 16b-7 of the Securities Exchange Act of 1934.

F1 · shares: Pursuant to a Stockholders Agreement, dated as of February 4, 2015, as amended, by and among Daniel H. Meyer, the Daniel H. Meyer 2012 Gift Trust dtd 10/31/12 (the "Gift Trust"), other affiliates (collectively, the "Meyer Stockholders") and other signatories party thereto, the Meyer Stockholders have the right to cause all of the shares of Gramercy Tavern Corp. ("GTC") to be exchanged for shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") pursuant to a reorganization under Section 368(a) of the Internal Revenue Code (the "Reorganization"). The Meyer Stockholders made such an election with respect to GTC.

F2 · shares: To effect the Reorganization, a subsidiary of the Issuer merged with and into GTC, which was then merged with and into the Issuer, resulting in (i) conversion and exchange of shares of GTC for Class A Stock, (ii) cancellation of Class B Common Stock ("Class B Stock") of the Issuer held by GTC, and (iii) transfer of the common membership interests in SSE Holdings, LLC (the "LLC Interests") held by GTC to the Issuer. The Class B Stock and LLC Interests held by GTC were reported as held by each of Daniel H. Meyer and the Gift Trust by virtue of each such Reporting Person's control over GTC and, accordingly, their cancellation and transfer, as applicable, is reported hereon. Mr. Meyer, through Daniel H. Meyer Investment Trust dtd 5/15/92, and the Gift Trust, received 154,072 and 2,536,191 shares of the Issuer's Class A Stock, respectively, in exchange for GTC shares, representing such Reporting Person's 5.727% and 94.273% interest, respectively, in GTC.

F3 · shares: The reported transactions are exempt under Rule 16b-6(b), 16b-3 and 16b-7 of the Securities Exchange Act of 1934.

F1 · price: Pursuant to a Stockholders Agreement, dated as of February 4, 2015, as amended, by and among Daniel H. Meyer, the Daniel H. Meyer 2012 Gift Trust dtd 10/31/12 (the "Gift Trust"), other affiliates (collectively, the "Meyer Stockholders") and other signatories party thereto, the Meyer Stockholders have the right to cause all of the shares of Gramercy Tavern Corp. ("GTC") to be exchanged for shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") pursuant to a reorganization under Section 368(a) of the Internal Revenue Code (the "Reorganization"). The Meyer Stockholders made such an election with respect to GTC.

F2 · price: To effect the Reorganization, a subsidiary of the Issuer merged with and into GTC, which was then merged with and into the Issuer, resulting in (i) conversion and exchange of shares of GTC for Class A Stock, (ii) cancellation of Class B Common Stock ("Class B Stock") of the Issuer held by GTC, and (iii) transfer of the common membership interests in SSE Holdings, LLC (the "LLC Interests") held by GTC to the Issuer. The Class B Stock and LLC Interests held by GTC were reported as held by each of Daniel H. Meyer and the Gift Trust by virtue of each such Reporting Person's control over GTC and, accordingly, their cancellation and transfer, as applicable, is reported hereon. Mr. Meyer, through Daniel H. Meyer Investment Trust dtd 5/15/92, and the Gift Trust, received 154,072 and 2,536,191 shares of the Issuer's Class A Stock, respectively, in exchange for GTC shares, representing such Reporting Person's 5.727% and 94.273% interest, respectively, in GTC.

F3 · price: The reported transactions are exempt under Rule 16b-6(b), 16b-3 and 16b-7 of the Securities Exchange Act of 1934.

F1 · balance_after: Pursuant to a Stockholders Agreement, dated as of February 4, 2015, as amended, by and among Daniel H. Meyer, the Daniel H. Meyer 2012 Gift Trust dtd 10/31/12 (the "Gift Trust"), other affiliates (collectively, the "Meyer Stockholders") and other signatories party thereto, the Meyer Stockholders have the right to cause all of the shares of Gramercy Tavern Corp. ("GTC") to be exchanged for shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") pursuant to a reorganization under Section 368(a) of the Internal Revenue Code (the "Reorganization"). The Meyer Stockholders made such an election with respect to GTC.

F2 · balance_after: To effect the Reorganization, a subsidiary of the Issuer merged with and into GTC, which was then merged with and into the Issuer, resulting in (i) conversion and exchange of shares of GTC for Class A Stock, (ii) cancellation of Class B Common Stock ("Class B Stock") of the Issuer held by GTC, and (iii) transfer of the common membership interests in SSE Holdings, LLC (the "LLC Interests") held by GTC to the Issuer. The Class B Stock and LLC Interests held by GTC were reported as held by each of Daniel H. Meyer and the Gift Trust by virtue of each such Reporting Person's control over GTC and, accordingly, their cancellation and transfer, as applicable, is reported hereon. Mr. Meyer, through Daniel H. Meyer Investment Trust dtd 5/15/92, and the Gift Trust, received 154,072 and 2,536,191 shares of the Issuer's Class A Stock, respectively, in exchange for GTC shares, representing such Reporting Person's 5.727% and 94.273% interest, respectively, in GTC.

F3 · balance_after: The reported transactions are exempt under Rule 16b-6(b), 16b-3 and 16b-7 of the Securities Exchange Act of 1934.

F6 · ownership.nature: Represents the Class B Stock of the Issuer held by each of the Reporting Persons indirectly through GT. Each Reporting Person disclaims beneficial ownership of such securities except to the extent of such Reporting Person's pecuniary interest therein.

SEC source: 0001620533-19-000123 · wf-form4_156599303380555.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: 2,536,191

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: Pursuant to a Stockholders Agreement, dated as of February 4, 2015, as amended, by and among Daniel H. Meyer, the Daniel H. Meyer 2012 Gift Trust dtd 10/31/12 (the "Gift Trust"), other affiliates (collectively, the "Meyer Stockholders") and other signatories party thereto, the Meyer Stockholders have the right to cause all of the shares of Gramercy Tavern Corp. ("GTC") to be exchanged for shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") pursuant to a reorganization under Section 368(a) of the Internal Revenue Code (the "Reorganization"). The Meyer Stockholders made such an election with respect to GTC.

F2 · kind: To effect the Reorganization, a subsidiary of the Issuer merged with and into GTC, which was then merged with and into the Issuer, resulting in (i) conversion and exchange of shares of GTC for Class A Stock, (ii) cancellation of Class B Common Stock ("Class B Stock") of the Issuer held by GTC, and (iii) transfer of the common membership interests in SSE Holdings, LLC (the "LLC Interests") held by GTC to the Issuer. The Class B Stock and LLC Interests held by GTC were reported as held by each of Daniel H. Meyer and the Gift Trust by virtue of each such Reporting Person's control over GTC and, accordingly, their cancellation and transfer, as applicable, is reported hereon. Mr. Meyer, through Daniel H. Meyer Investment Trust dtd 5/15/92, and the Gift Trust, received 154,072 and 2,536,191 shares of the Issuer's Class A Stock, respectively, in exchange for GTC shares, representing such Reporting Person's 5.727% and 94.273% interest, respectively, in GTC.

F3 · kind: The reported transactions are exempt under Rule 16b-6(b), 16b-3 and 16b-7 of the Securities Exchange Act of 1934.

F1 · shares: Pursuant to a Stockholders Agreement, dated as of February 4, 2015, as amended, by and among Daniel H. Meyer, the Daniel H. Meyer 2012 Gift Trust dtd 10/31/12 (the "Gift Trust"), other affiliates (collectively, the "Meyer Stockholders") and other signatories party thereto, the Meyer Stockholders have the right to cause all of the shares of Gramercy Tavern Corp. ("GTC") to be exchanged for shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") pursuant to a reorganization under Section 368(a) of the Internal Revenue Code (the "Reorganization"). The Meyer Stockholders made such an election with respect to GTC.

F2 · shares: To effect the Reorganization, a subsidiary of the Issuer merged with and into GTC, which was then merged with and into the Issuer, resulting in (i) conversion and exchange of shares of GTC for Class A Stock, (ii) cancellation of Class B Common Stock ("Class B Stock") of the Issuer held by GTC, and (iii) transfer of the common membership interests in SSE Holdings, LLC (the "LLC Interests") held by GTC to the Issuer. The Class B Stock and LLC Interests held by GTC were reported as held by each of Daniel H. Meyer and the Gift Trust by virtue of each such Reporting Person's control over GTC and, accordingly, their cancellation and transfer, as applicable, is reported hereon. Mr. Meyer, through Daniel H. Meyer Investment Trust dtd 5/15/92, and the Gift Trust, received 154,072 and 2,536,191 shares of the Issuer's Class A Stock, respectively, in exchange for GTC shares, representing such Reporting Person's 5.727% and 94.273% interest, respectively, in GTC.

F3 · shares: The reported transactions are exempt under Rule 16b-6(b), 16b-3 and 16b-7 of the Securities Exchange Act of 1934.

F1 · price: Pursuant to a Stockholders Agreement, dated as of February 4, 2015, as amended, by and among Daniel H. Meyer, the Daniel H. Meyer 2012 Gift Trust dtd 10/31/12 (the "Gift Trust"), other affiliates (collectively, the "Meyer Stockholders") and other signatories party thereto, the Meyer Stockholders have the right to cause all of the shares of Gramercy Tavern Corp. ("GTC") to be exchanged for shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") pursuant to a reorganization under Section 368(a) of the Internal Revenue Code (the "Reorganization"). The Meyer Stockholders made such an election with respect to GTC.

F2 · price: To effect the Reorganization, a subsidiary of the Issuer merged with and into GTC, which was then merged with and into the Issuer, resulting in (i) conversion and exchange of shares of GTC for Class A Stock, (ii) cancellation of Class B Common Stock ("Class B Stock") of the Issuer held by GTC, and (iii) transfer of the common membership interests in SSE Holdings, LLC (the "LLC Interests") held by GTC to the Issuer. The Class B Stock and LLC Interests held by GTC were reported as held by each of Daniel H. Meyer and the Gift Trust by virtue of each such Reporting Person's control over GTC and, accordingly, their cancellation and transfer, as applicable, is reported hereon. Mr. Meyer, through Daniel H. Meyer Investment Trust dtd 5/15/92, and the Gift Trust, received 154,072 and 2,536,191 shares of the Issuer's Class A Stock, respectively, in exchange for GTC shares, representing such Reporting Person's 5.727% and 94.273% interest, respectively, in GTC.

F3 · price: The reported transactions are exempt under Rule 16b-6(b), 16b-3 and 16b-7 of the Securities Exchange Act of 1934.

F1 · balance_after: Pursuant to a Stockholders Agreement, dated as of February 4, 2015, as amended, by and among Daniel H. Meyer, the Daniel H. Meyer 2012 Gift Trust dtd 10/31/12 (the "Gift Trust"), other affiliates (collectively, the "Meyer Stockholders") and other signatories party thereto, the Meyer Stockholders have the right to cause all of the shares of Gramercy Tavern Corp. ("GTC") to be exchanged for shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") pursuant to a reorganization under Section 368(a) of the Internal Revenue Code (the "Reorganization"). The Meyer Stockholders made such an election with respect to GTC.

F2 · balance_after: To effect the Reorganization, a subsidiary of the Issuer merged with and into GTC, which was then merged with and into the Issuer, resulting in (i) conversion and exchange of shares of GTC for Class A Stock, (ii) cancellation of Class B Common Stock ("Class B Stock") of the Issuer held by GTC, and (iii) transfer of the common membership interests in SSE Holdings, LLC (the "LLC Interests") held by GTC to the Issuer. The Class B Stock and LLC Interests held by GTC were reported as held by each of Daniel H. Meyer and the Gift Trust by virtue of each such Reporting Person's control over GTC and, accordingly, their cancellation and transfer, as applicable, is reported hereon. Mr. Meyer, through Daniel H. Meyer Investment Trust dtd 5/15/92, and the Gift Trust, received 154,072 and 2,536,191 shares of the Issuer's Class A Stock, respectively, in exchange for GTC shares, representing such Reporting Person's 5.727% and 94.273% interest, respectively, in GTC.

F3 · balance_after: The reported transactions are exempt under Rule 16b-6(b), 16b-3 and 16b-7 of the Securities Exchange Act of 1934.

F5 · ownership.nature: Mr. Meyer's spouse, Audrey Meyer, is a co-trustee and beneficiary of the Gift Trust. Mr. McQuinn is the co-trustee. Each Reporting Person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.