Shake Shack Inc. — Director's Dealing 2016

Sep 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2016-08-29

Reporting Person: Select Equity Group, L.P. (Director, See Remarks)
Reporting Person: SEG PARTNERS L P (Director, See Remarks)
Reporting Person: SEG Partners Offshore Master Fund, Ltd. (Director, See Remarks)
Reporting Person: SEG PARTNERS II L P (Director, See Remarks)
Reporting Person: Loening George S (Director, See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-29	Class A Common Stock, par value $0.001 per share	S	2554	$35.2272	Disposed	79502	Indirect
2016-08-29	Class A Common Stock, par value $0.001 per share	S	15350	$35.2272	Disposed	778842	Indirect
2016-08-29	Class A Common Stock, par value $0.001 per share	S	9755	$35.2272	Disposed	303311	Indirect
2016-08-30	Class A Common Stock, par value $0.001 per share	S	2678	$35.4978	Disposed	76824	Indirect
2016-08-30	Class A Common Stock, par value $0.001 per share	S	16110	$35.4978	Disposed	762732	Indirect
2016-08-30	Class A Common Stock, par value $0.001 per share	S	10235	$35.4978	Disposed	293076	Indirect
2016-08-31	Class A Common Stock, par value $0.001 per share	S	2415	$35.2178	Disposed	74409	Indirect
2016-08-31	Class A Common Stock, par value $0.001 per share	S	14495	$35.2178	Disposed	748237	Indirect
2016-08-31	Class A Common Stock, par value $0.001 per share	S	9210	$35.2178	Disposed	283866	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.