person · Reporting owner

GARUTTI RONALD J JR

Disclosed activity across 1 company

Tapewire entity: 93893
SEC CIK: 0001633954

Reported relationships

Latest disclosed role at each company.

Company	Last reported as	Report date	Published
Shake Shack Inc.SHAK · Entity 4254	10% owner	February 22, 2024	February 26, 2024

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

Shake Shack Inc.

Report date February 22, 2024 · Filed February 26, 2024

Jointly reported with GARUTTI RANDALL J, GARUTTI MARIA L, RANDALL J. GARUTTI GST TRUST DATED 12/30/2014

Security / award	Ownership account	Disclosed shares / units	Disclosure context
CLASS B COMMON STOCKSEC Table I · non-derivative	Direct	237,551	Reported balance After 2024-02-22 transaction · row 1 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 1 · 2024-02-22 · Gift · Disposed 16,500 · Balance 237,551
Common Membership InterestsSEC Table II · derivative / convertible security	Direct	237,551	Reported balance After 2024-02-22 transaction · row 3 Instrument identity requires review; Table II rows are not merged. 1 source row Row 3 · 2024-02-22 · Gift · Disposed 16,500 · Balance 237,551 F2: The LLC Interests are redeemable for an equal number of shares of Shake Shack's (the "Issuer") 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.
CLASS B COMMON STOCKSEC Table I · non-derivative	IndirectBY TRUST	55,972	Reported balance Holding disclosure · report date 2024-02-22 · row 2 Holding and transaction disclosures are not merged. 1 source row Row 2 · Balance 55,972 F1: Held by The Randall J. Garutti 2014 GS Trust (the "Trust"). Ronald Garutti, Jr. the brother of Randall Garutti, and Maria Garutti, the wife of Randall Garutti, are the trustees of the Trust. Each Reporting Person disclaims beneficial ownership of such securities except to the extent of such Reporting Person's pecuniary interest therein.
Common Membership InterestsSEC Table II · derivative / convertible security	IndirectBY TRUST	55,972	Reported balance Holding disclosure · report date 2024-02-22 · row 4 Instrument identity requires review; Table II rows are not merged. 1 source row Row 4 · Balance 55,972 F2: The LLC Interests are redeemable for an equal number of shares of Shake Shack's (the "Issuer") 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. F1: Held by The Randall J. Garutti 2014 GS Trust (the "Trust"). Ronald Garutti, Jr. the brother of Randall Garutti, and Maria Garutti, the wife of Randall Garutti, are the trustees of the Trust. Each Reporting Person disclaims beneficial ownership of such securities except to the extent of such Reporting Person's pecuniary interest therein.

Filing footnotes · ownership attribution and instrument terms

F1: Held by The Randall J. Garutti 2014 GS Trust (the "Trust"). Ronald Garutti, Jr. the brother of Randall Garutti, and Maria Garutti, the wife of Randall Garutti, are the trustees of the Trust. Each Reporting Person disclaims beneficial ownership of such securities except to the extent of such Reporting Person's pecuniary interest therein.

F2: The LLC Interests are redeemable for an equal number of shares of Shake Shack's (the "Issuer") 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.

Transaction history

JSON API

Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction date	Company	Activity / security	Shares / units	Reported price	Reported value	Details
February 22, 2024 Filed Feb 26, 2024 18:05 UTC	Shake Shack Inc. SHAK · Entity 4254	GiftCommon Membership Interests · Derivative	16,500	Not disclosed	Not disclosed	Disclosure SEC source: 0001620533-24-000018 · wk-form4_1708988709.xml · derivative · entry 3 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 237,551 Underlying: CLASS A COMMON STOCK · 16,500 shares Expires not disclosed F2 · derivative.exercise_price: The LLC Interests are redeemable for an equal number of shares of Shake Shack's (the "Issuer") 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. F2 · price: The LLC Interests are redeemable for an equal number of shares of Shake Shack's (the "Issuer") 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. F2 · derivative.exercise_date: The LLC Interests are redeemable for an equal number of shares of Shake Shack's (the "Issuer") 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. F2 · derivative.expiration_date: The LLC Interests are redeemable for an equal number of shares of Shake Shack's (the "Issuer") 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. Read SEC document
February 22, 2024 Filed Feb 26, 2024 18:05 UTC	Shake Shack Inc. SHAK · Entity 4254	GiftCLASS B COMMON STOCK	16,500	$0.00	$0.00	Disclosure SEC source: 0001620533-24-000018 · wk-form4_1708988709.xml · nonDerivative · entry 1 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 237,551 Read SEC document
July 26, 2019 Filed Jul 29, 2019 20:56 UTC	Shake Shack Inc. SHAK · Entity 4254	ConversionCommon Membership Interests · Derivative	50,000	$0.00	$0.00	Disclosure SEC source: 0001620533-19-000090 · wf-form4_156444820287939.xml · derivative · entry 7 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 254,051 Underlying: CLASS A COMMON STOCK · 50,000 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. F11 · derivative.exercise_price: Represents LLC Interests redeemable for an equal number of shares of the Issuer's 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. F11 · derivative.exercise_date: Represents LLC Interests redeemable for an equal number of shares of the Issuer's 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. F11 · derivative.expiration_date: Represents LLC Interests redeemable for an equal number of shares of the Issuer's 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. F12 · balance_after: The Form 4 filing made on June 28, 2019 by the Reporting Persons incorrectly reflected a redemption of 75,000 LLC Interests when only 25,000 LLC Interests were redeemed. This amount reflects the number of LLC Interests beneficially owned by the Reporting Persons following the reported transaction. Read SEC document
July 26, 2019 Filed Jul 29, 2019 20:56 UTC	Shake Shack Inc. SHAK · Entity 4254	OtherCLASS B COMMON STOCK	50,000	$0.00	$0.00	Disclosure SEC source: 0001620533-19-000090 · wf-form4_156444820287939.xml · nonDerivative · entry 5 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 254,051 F8 · price: Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, the shares of the Issuer's Class B Common Stock ("Class B Stock") are cancelled for no consideration on a one-for-one basis upon redemption of the LLC Interests for shares of Class A Stock of the Issuer. F9 · balance_after: The Form 4 filing made on June 28, 2019 by the Reporting Persons incorrectly reflected a disposition of 75,000 shares of Class B Stock of the Issuer, but only 25,000 shares of Class B Stock of the Issuer were disposed of. This amount reflects the number of shares of Class B Stock of the Issuer beneficially owned by the Reporting Persons following the reported transaction. Read SEC document
July 26, 2019 Filed Jul 29, 2019 20:56 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	100	$75.53	$7,553.00	Disclosure SEC source: 0001620533-19-000090 · wf-form4_156444820287939.xml · nonDerivative · entry 4 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,555 F3 · shares: Represents shares of Class A Stock of the Issuer that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on May 24, 2019. F5 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. F7 · price: The transaction was executed in multiple trades at prices ranging from $75.5050 to $75.5300. The price reported above reflects the weighted average sales price. Read SEC document
July 26, 2019 Filed Jul 29, 2019 20:56 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	12,377	$74.82	$926,012.48	Disclosure SEC source: 0001620533-19-000090 · wf-form4_156444820287939.xml · nonDerivative · entry 3 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,655 F3 · shares: Represents shares of Class A Stock of the Issuer that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on May 24, 2019. F5 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. F6 · price: The transaction was executed in multiple trades at prices ranging from $74.5050 to $75.5049. The price reported above reflects the weighted average sales price. Read SEC document
July 26, 2019 Filed Jul 29, 2019 20:56 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	37,523	$74.05	$2,778,611.92	Disclosure SEC source: 0001620533-19-000090 · wf-form4_156444820287939.xml · nonDerivative · entry 2 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 36,032 F3 · shares: Represents shares of Class A Stock of the Issuer that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on May 24, 2019. F4 · price: The transaction was executed in multiple trades at prices ranging from $73.5050 to $74.5049. The price reported above reflects the weighted average sales price. F5 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. Read SEC document
July 26, 2019 Filed Jul 29, 2019 20:56 UTC	Shake Shack Inc. SHAK · Entity 4254	ConversionCLASS A COMMON STOCK	50,000	$0.00	$0.00	Disclosure SEC source: 0001620533-19-000090 · wf-form4_156444820287939.xml · nonDerivative · entry 1 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 73,555 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 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common membership interests in SSE Holdings, LLC (the "LLC Interests"). F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common membership interests in SSE Holdings, LLC (the "LLC Interests"). F2 · balance_after: The Form 4 filing made on June 28, 2019 by the Reporting Persons incorrectly reflected an acquisition of 75,000 shares of Class A Stock of the Issuer, but only 25,000 shares of Class A Stock were acquired. This amount reflects the number of shares of Class A Stock of the Issuer beneficially owned by the Reporting Persons following the reported transaction. Read SEC document
June 26, 2019 Filed Jun 28, 2019 16:06 UTC	Shake Shack Inc. SHAK · Entity 4254	ConversionCommon Membership Interests · Derivative	75,000	$0.00	$0.00	Disclosure SEC source: 0001620533-19-000085 · wf-form4_156175234525650.xml · derivative · entry 5 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 254,051 Underlying: CLASS A COMMON STOCK · 75,000 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 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. F7 · derivative.exercise_date: Represents LLC Interests 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. F7 · derivative.expiration_date: Represents LLC Interests 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. Read SEC document
June 26, 2019 Filed Jun 28, 2019 16:06 UTC	Shake Shack Inc. SHAK · Entity 4254	OtherCLASS B COMMON STOCK	25,000	$0.00	$0.00	Disclosure SEC source: 0001620533-19-000085 · wf-form4_156175234525650.xml · nonDerivative · entry 3 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 304,051 F5 · price: Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, the shares of the Issuer's Class B Common Stock ("Class B Stock") are cancelled for no consideration on a one-for-one basis upon redemption of the LLC Interests for shares of Class A Stock of the Issuer. Read SEC document
June 26, 2019 Filed Jun 28, 2019 16:06 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	25,000	$67.03	$1,675,735.00	Disclosure SEC source: 0001620533-19-000085 · wf-form4_156175234525650.xml · nonDerivative · entry 2 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 73,555 F2 · shares: Represents shares of Class A Stock that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on May 24, 2019. F3 · price: The transaction was executed in multiple trades at prices ranging from $66.5100 to $67.3300. The price reported above reflects the weighted average sales price. F4 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. Read SEC document
June 26, 2019 Filed Jun 28, 2019 16:06 UTC	Shake Shack Inc. SHAK · Entity 4254	ConversionCLASS A COMMON STOCK	75,000	$0.00	$0.00	Disclosure SEC source: 0001620533-19-000085 · wf-form4_156175234525650.xml · nonDerivative · entry 1 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 98,555 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 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common membership interests in SSE Holdings, LLC (the "LLC Interests"). F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common membership interests in SSE Holdings, LLC (the "LLC Interests"). Read SEC document
April 25, 2019 Filed Apr 29, 2019 17:10 UTC	Shake Shack Inc. SHAK · Entity 4254	ConversionCommon Membership Interests · Derivative	15,000	$0.00	$0.00	Disclosure SEC source: 0001620533-19-000039 · wf-form4_155657218931861.xml · derivative · entry 6 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 329,051 Underlying: CLASS A COMMON STOCK · 15,000 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. F8 · derivative.exercise_price: The LLC Interests 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: The LLC Interests 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: The LLC Interests 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. Read SEC document
April 25, 2019 Filed Apr 29, 2019 17:10 UTC	Shake Shack Inc. SHAK · Entity 4254	OtherCLASS B COMMON STOCK	15,000	$0.00	$0.00	Disclosure SEC source: 0001620533-19-000039 · wf-form4_155657218931861.xml · nonDerivative · entry 4 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 329,051 F6 · price: Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, the shares of the Issuer's Class B Common Stock ("Class B Stock") are cancelled for no consideration on a one-to-one basis upon redemption of the LLC Interests for shares of Class A Stock of the Issuer. Read SEC document
April 25, 2019 Filed Apr 29, 2019 17:10 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	4,139	$61.52	$254,627.55	Disclosure SEC source: 0001620533-19-000039 · wf-form4_155657218931861.xml · nonDerivative · entry 3 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,555 F2 · shares: Represents shares of Class A Stock that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on November 16, 2018. F4 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. F5 · price: The transaction was executed in multiple trades at prices ranging from $61.3200 to $61.8400. The price reported above reflects the weighted average sales price. Read SEC document
April 25, 2019 Filed Apr 29, 2019 17:10 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	10,861	$60.94	$661,815.04	Disclosure SEC source: 0001620533-19-000039 · wf-form4_155657218931861.xml · nonDerivative · entry 2 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 27,694 F2 · shares: Represents shares of Class A Stock that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on November 16, 2018. F3 · price: The transaction was executed in multiple trades at prices ranging from $60.3200 to $61.3199. The price reported above reflects the weighted average sales price. F4 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. Read SEC document
April 25, 2019 Filed Apr 29, 2019 17:10 UTC	Shake Shack Inc. SHAK · Entity 4254	ConversionCLASS A COMMON STOCK	15,000	$0.00	$0.00	Disclosure SEC source: 0001620533-19-000039 · wf-form4_155657218931861.xml · nonDerivative · entry 1 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 38,555 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 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common membership interests in SSE Holdings, LLC (the "LLC Interests"). F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common membership interests in SSE Holdings, LLC (the "LLC Interests"). Read SEC document
March 25, 2019 Filed Mar 26, 2019 17:26 UTC	Shake Shack Inc. SHAK · Entity 4254	ConversionCommon Membership Interests · Derivative	50,000	$0.00	$0.00	Disclosure SEC source: 0001620533-19-000029 · wf-form4_155363555507517.xml · derivative · entry 6 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 344,051 Underlying: CLASS A COMMON STOCK · 50,000 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. F8 · derivative.exercise_price: The LLC Interests 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: The LLC Interests 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: The LLC Interests 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. Read SEC document
March 25, 2019 Filed Mar 26, 2019 17:26 UTC	Shake Shack Inc. SHAK · Entity 4254	OtherCLASS B COMMON STOCK	50,000	$0.00	$0.00	Disclosure SEC source: 0001620533-19-000029 · wf-form4_155363555507517.xml · nonDerivative · entry 4 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 344,051 F6 · price: Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, the shares of the Issuer's Class B Common Stock ("Class B Stock") are cancelled for no consideration on a one-to-one basisupon redemption of the LLC Interests for shares of Class A Stock of the Issuer. Read SEC document
March 25, 2019 Filed Mar 26, 2019 17:26 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	200	$54.45	$10,889.00	Disclosure SEC source: 0001620533-19-000029 · wf-form4_155363555507517.xml · nonDerivative · entry 3 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,555 F2 · shares: Represents shares of Class A Stock that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on November 16, 2018. F4 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at whichthe transaction was effected. F5 · price: The transaction was executed in multiple trades at prices ranging from $54.4100 to $54.4500. The price reported above reflects the weighted average sales price. Read SEC document
March 25, 2019 Filed Mar 26, 2019 17:26 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	49,800	$53.76	$2,677,018.92	Disclosure SEC source: 0001620533-19-000029 · wf-form4_155363555507517.xml · nonDerivative · entry 2 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,755 F2 · shares: Represents shares of Class A Stock that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on November 16, 2018. F3 · price: The transaction was executed in multiple trades at prices ranging from $53.4100 to $54.4099. The price reported above reflects the weighted average sales price. F4 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at whichthe transaction was effected. Read SEC document
March 25, 2019 Filed Mar 26, 2019 17:26 UTC	Shake Shack Inc. SHAK · Entity 4254	ConversionCLASS A COMMON STOCK	50,000	$0.00	$0.00	Disclosure SEC source: 0001620533-19-000029 · wf-form4_155363555507517.xml · nonDerivative · entry 1 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 73,555 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 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common membership interests in SSE Holdings,LLC (the "LLC Interests"). F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common membership interests in SSE Holdings,LLC (the "LLC Interests"). Read SEC document
February 25, 2019 Filed Feb 27, 2019 17:54 UTC	Shake Shack Inc. SHAK · Entity 4254	ConversionCommon Membership Interests · Derivative	25,000	$0.00	$0.00	Disclosure SEC source: 0001620533-19-000012 · wf-form4_155130806739248.xml · derivative · entry 7 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 394,051 Underlying: CLASS A COMMON STOCK · 25,000 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. F9 · derivative.exercise_price: The LLC Interests 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. F9 · derivative.exercise_date: The LLC Interests 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. F9 · derivative.expiration_date: The LLC Interests 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. Read SEC document
February 25, 2019 Filed Feb 27, 2019 17:54 UTC	Shake Shack Inc. SHAK · Entity 4254	OtherCLASS B COMMON STOCK	25,000	$0.00	$0.00	Disclosure SEC source: 0001620533-19-000012 · wf-form4_155130806739248.xml · nonDerivative · entry 5 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 394,051 F7 · price: Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, the shares of the Issuer's Class B Common Stock ("Class B Stock") are cancelled for no consideration on a one-to-one basis upon redemption of the LLC Interests for shares of Class A Stock of the Issuer. Read SEC document
February 25, 2019 Filed Feb 27, 2019 17:54 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	5,400	$53.28	$287,704.98	Disclosure SEC source: 0001620533-19-000012 · wf-form4_155130806739248.xml · nonDerivative · entry 4 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 18,041 F2 · shares: Represents shares of Class A Stock that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on November 16, 2018. F4 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which thetransaction was effected. F6 · price: The transaction was executed in multiple trades at prices ranging from $53.0800 to $53.7900. The price reported above reflects the weighted average sales price. Read SEC document
February 25, 2019 Filed Feb 27, 2019 17:54 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	11,360	$52.53	$596,704.45	Disclosure SEC source: 0001620533-19-000012 · wf-form4_155130806739248.xml · nonDerivative · entry 3 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,441 F2 · shares: Represents shares of Class A Stock that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on November 16, 2018. F4 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which thetransaction was effected. F5 · price: The transaction was executed in multiple trades at prices ranging from $52.0800 to $53.0799. The price reported above reflects the weighted average sales price. Read SEC document
February 25, 2019 Filed Feb 27, 2019 17:54 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	8,240	$51.74	$426,373.86	Disclosure SEC source: 0001620533-19-000012 · wf-form4_155130806739248.xml · nonDerivative · entry 2 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 34,801 F2 · shares: Represents shares of Class A Stock that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on November 16, 2018. F3 · price: The transaction was executed in multiple trades at prices ranging from $51.0800 to $52.0799. The price reported above reflects the weighted average sales price. F4 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which thetransaction was effected. Read SEC document
February 25, 2019 Filed Feb 27, 2019 17:54 UTC	Shake Shack Inc. SHAK · Entity 4254	ConversionCLASS A COMMON STOCK	25,000	$0.00	$0.00	Disclosure SEC source: 0001620533-19-000012 · wf-form4_155130806739248.xml · nonDerivative · entry 1 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 43,041 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 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common membership interests in SSE Holdings, LLC (the "LLC Interests"). F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common membership interests in SSE Holdings, LLC (the "LLC Interests"). Read SEC document
January 25, 2019 Filed Jan 29, 2019 17:13 UTC	Shake Shack Inc. SHAK · Entity 4254	ConversionCommon Membership Interests · Derivative	10,000	$0.00	$0.00	Disclosure SEC source: 0001620533-19-000004 · wf-form4_154879997368219.xml · derivative · entry 5 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 419,051 Underlying: CLASS A COMMON STOCK · 10,000 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: The LLC Interests 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. F7 · derivative.exercise_date: The LLC Interests 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. F7 · derivative.expiration_date: The LLC Interests 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. Read SEC document
January 25, 2019 Filed Jan 29, 2019 17:13 UTC	Shake Shack Inc. SHAK · Entity 4254	OtherCLASS B COMMON STOCK	10,000	$0.00	$0.00	Disclosure SEC source: 0001620533-19-000004 · wf-form4_154879997368219.xml · nonDerivative · entry 3 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 419,051 F5 · price: Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, the shares of the Issuer's Class B Common Stock ("Class B Stock") are cancelled for no consideration on a one-to-one basisupon redemption of the LLC Interests for shares of Class A Stock of the Issuer. Read SEC document
January 25, 2019 Filed Jan 29, 2019 17:13 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	10,000	$48.04	$480,384.00	Disclosure SEC source: 0001620533-19-000004 · wf-form4_154879997368219.xml · nonDerivative · entry 2 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 18,041 F2 · shares: Represents shares of Class A Stock that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on November 16, 2018. F3 · price: The transaction was executed in multiple trades at prices ranging from $47.5700 to $48.4700. The price reported above reflects the weighted average sales price. F4 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. Read SEC document
January 25, 2019 Filed Jan 29, 2019 17:13 UTC	Shake Shack Inc. SHAK · Entity 4254	ConversionCLASS A COMMON STOCK	10,000	$0.00	$0.00	Disclosure SEC source: 0001620533-19-000004 · wf-form4_154879997368219.xml · nonDerivative · entry 1 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 28,041 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 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common membership interests in SSE Holdings, LLC (the "LLC Interests"). F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common membership interests in SSE Holdings, LLC (the "LLC Interests"). Read SEC document
December 26, 2018 Filed Dec 28, 2018 16:31 UTC	Shake Shack Inc. SHAK · Entity 4254	Exercise / conversionCommon Membership Interests · Derivative	25,000	$0.00	$0.00	Disclosure SEC source: 0001620533-18-000135 · wf-form4_154603267438948.xml · derivative · entry 7 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 429,051 Underlying: CLASS A COMMON STOCK · 25,000 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. F9 · derivative.exercise_price: The LLC Interests 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. F9 · derivative.exercise_date: The LLC Interests 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. F9 · derivative.expiration_date: The LLC Interests 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. Read SEC document
December 26, 2018 Filed Dec 28, 2018 16:31 UTC	Shake Shack Inc. SHAK · Entity 4254	OtherCLASS B COMMON STOCK	25,000	$0.00	$0.00	Disclosure SEC source: 0001620533-18-000135 · wf-form4_154603267438948.xml · nonDerivative · entry 5 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 429,051 F7 · price: Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, the shares of the Issuer's Class B Common Stock ("Class B Stock") are cancelled for no consideration on a one-to-one basis upon redemption of the LLC Interests for shares of Class A Stock of the Issuer. Read SEC document
December 26, 2018 Filed Dec 28, 2018 16:31 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	9,743	$43.03	$419,195.50	Disclosure SEC source: 0001620533-18-000135 · wf-form4_154603267438948.xml · nonDerivative · entry 4 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 18,041 F2 · shares: Represents shares of Class A Stock that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on November 16, 2018. F4 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. F6 · price: The transaction was executed in multiple trades at prices ranging from $42.8200 to $43.3200. The price reported above reflects the weighted average sales price. Read SEC document
December 26, 2018 Filed Dec 28, 2018 16:31 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	5,552	$42.42	$235,509.18	Disclosure SEC source: 0001620533-18-000135 · wf-form4_154603267438948.xml · nonDerivative · entry 3 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 27,784 F2 · shares: Represents shares of Class A Stock that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on November 16, 2018. F4 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. F5 · price: The transaction was executed in multiple trades at prices ranging from $41.8200 to $42.8199. The price reported above reflects the weighted average sales price. Read SEC document
December 26, 2018 Filed Dec 28, 2018 16:31 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	9,705	$41.31	$400,949.46	Disclosure SEC source: 0001620533-18-000135 · wf-form4_154603267438948.xml · nonDerivative · entry 2 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 33,336 F2 · shares: Represents shares of Class A Stock that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on November 16, 2018. F3 · price: The transaction was executed in multiple trades at prices ranging from $40.8200 to $41.8199. The price reported above reflects the weighted average sales price. F4 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. Read SEC document
December 26, 2018 Filed Dec 28, 2018 16:31 UTC	Shake Shack Inc. SHAK · Entity 4254	ConversionCLASS A COMMON STOCK	25,000	$0.00	$0.00	Disclosure SEC source: 0001620533-18-000135 · wf-form4_154603267438948.xml · nonDerivative · entry 1 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 43,041 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 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common membership interests in SSE Holdings, LLC (the "LLC Interests"). F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common membership interests in SSE Holdings, LLC (the "LLC Interests"). Read SEC document
July 26, 2018 Filed Jul 27, 2018 16:50 UTC	Shake Shack Inc. SHAK · Entity 4254	ConversionCommon Membership Interests · Derivative	30,000	$0.00	$0.00	Disclosure SEC source: 0001620533-18-000098 · wf-form4_153272463665635.xml · derivative · entry 6 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 454,051 Underlying: CLASS A COMMON STOCK · 30,000 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. F8 · derivative.exercise_price: The LLC Interests 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: The LLC Interests 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: The LLC Interests 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. Read SEC document
July 26, 2018 Filed Jul 27, 2018 16:50 UTC	Shake Shack Inc. SHAK · Entity 4254	OtherCLASS B COMMON STOCK	30,000	$0.00	$0.00	Disclosure SEC source: 0001620533-18-000098 · wf-form4_153272463665635.xml · nonDerivative · entry 4 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 454,051 F6 · price: Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, the shares of the Issuer's Class B Common Stock ("Class B Stock") are cancelled for no consideration on a one-to-one basis upon redemption of the LLC Interests for shares of Class A Stock of the Issuer. Read SEC document
July 26, 2018 Filed Jul 27, 2018 16:50 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	2,990	$65.43	$195,641.98	Disclosure SEC source: 0001620533-18-000098 · wf-form4_153272463665635.xml · nonDerivative · entry 3 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 18,041 F2 · shares: Represents shares of Class A Stock that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on May 24, 2018. F4 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. F5 · price: The transaction was executed in multiple trades at prices ranging from $65.2900 to $65.6200. The price reported above reflects the weighted average sales price. Read SEC document
July 26, 2018 Filed Jul 27, 2018 16:50 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	27,010	$64.77	$1,749,359.37	Disclosure SEC source: 0001620533-18-000098 · wf-form4_153272463665635.xml · nonDerivative · entry 2 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 21,031 F2 · shares: Represents shares of Class A Stock that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on May 24, 2018. F3 · price: The transaction was executed in multiple trades at prices ranging from $64.2900 to $65.2899. The price reported above reflects the weighted average sales price. F4 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. Read SEC document
July 26, 2018 Filed Jul 27, 2018 16:50 UTC	Shake Shack Inc. SHAK · Entity 4254	ConversionCLASS A COMMON STOCK	30,000	$0.00	$0.00	Disclosure SEC source: 0001620533-18-000098 · wf-form4_153272463665635.xml · nonDerivative · entry 1 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 48,041 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 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common membership interests in SSE Holdings, LLC (the "LLC Interests"). F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common membership interests in SSE Holdings, LLC (the "LLC Interests"). Read SEC document
June 26, 2018 Filed Jun 28, 2018 16:58 UTC	Shake Shack Inc. SHAK · Entity 4254	ConversionCommon Membership Interests · Derivative	30,000	$0.00	$0.00	Disclosure SEC source: 0001620533-18-000092 · wf-form4_153021948138998.xml · derivative · entry 6 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 484,051 Underlying: CLASS A COMMON STOCK · 30,000 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. F8 · derivative.exercise_price: The LLC Interests 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: The LLC Interests 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: The LLC Interests 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. Read SEC document
June 26, 2018 Filed Jun 28, 2018 16:58 UTC	Shake Shack Inc. SHAK · Entity 4254	OtherCLASS B COMMON STOCK	30,000	$0.00	$0.00	Disclosure SEC source: 0001620533-18-000092 · wf-form4_153021948138998.xml · nonDerivative · entry 4 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 484,051 F6 · price: Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, the shares of the Issuer's Class B Common Stock ("Class B Stock") are cancelled for no consideration on a one-to-one basis upon redemption of the LLC Interests for shares of Class A Stock of the Issuer. Read SEC document
June 26, 2018 Filed Jun 28, 2018 16:58 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	24,200	$67.64	$1,636,851.70	Disclosure SEC source: 0001620533-18-000092 · wf-form4_153021948138998.xml · nonDerivative · entry 3 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 18,041 F2 · shares: Represents shares of Class A Stock that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on May 24, 2018. F4 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. F5 · price: The transaction was executed in multiple trades at prices ranging from $67.3700 to $67.9800. The price reported above reflects the weighted average sales price. Read SEC document
June 26, 2018 Filed Jun 28, 2018 16:58 UTC	Shake Shack Inc. SHAK · Entity 4254	SaleCLASS A COMMON STOCK	5,800	$66.96	$388,392.36	Disclosure SEC source: 0001620533-18-000092 · wf-form4_153021948138998.xml · nonDerivative · entry 2 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 42,241 F2 · shares: Represents shares of Class A Stock that were disposed of by Mr. Garutti pursuant to a 10b5-1 trading plan entered into on May 24, 2018. F3 · price: The transaction was executed in multiple trades at prices ranging from $66.3700 to $67.3699. The price reported above reflects the weighted average sales price. F4 · price: Each Reporting Person hereby undertakes to provide upon request to the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. Read SEC document
June 26, 2018 Filed Jun 28, 2018 16:58 UTC	Shake Shack Inc. SHAK · Entity 4254	ConversionCLASS A COMMON STOCK	30,000	$0.00	$0.00	Disclosure SEC source: 0001620533-18-000092 · wf-form4_153021948138998.xml · nonDerivative · entry 1 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 48,041 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 · shares: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common membership interests in SSE Holdings, LLC (the "LLC Interests"). F1 · price: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common membership interests in SSE Holdings, LLC (the "LLC Interests"). Read SEC document
April 26, 2018 Filed Apr 30, 2018 19:42 UTC	Shake Shack Inc. SHAK · Entity 4254	ConversionCommon Membership Interests · Derivative	20,000	$0.00	$0.00	Disclosure SEC source: 0001620533-18-000044 · wf-form4_152513171689416.xml · derivative · entry 6 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 514,051 Underlying: CLASS A COMMON STOCK · 20,000 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. F8 · derivative.exercise_price: The LLC Interests 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: The LLC Interests 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: The LLC Interests 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. Read SEC document
April 26, 2018 Filed Apr 30, 2018 19:42 UTC	Shake Shack Inc. SHAK · Entity 4254	OtherCLASS B COMMON STOCK	20,000	$0.00	$0.00	Disclosure SEC source: 0001620533-18-000044 · wf-form4_152513171689416.xml · nonDerivative · entry 4 GARUTTI RANDALL J · CIK 0001632017 · Director · Chief Executive Officer · 10% owner GARUTTI MARIA L · CIK 0001633960 · 10% owner RANDALL J. GARUTTI GST TRUST DATED 12/30/2014 · CIK 0001633809 · 10% owner GARUTTI RONALD J JR · CIK 0001633954 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 514,051 F6 · price: Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, the shares of the Issuer's Class B Common Stock ("Class B Stock") are cancelled for no consideration on a one-to-one basis upon redemption of the LLC Interests for shares of Class A Stock of the Issuer. Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.