Shake Shack Inc. — Director's Dealing 2016

Aug 26, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2016-08-24

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
2016-08-24	Class A Common Stock, par value $0.001 per share	S	2714	$36.5232	Disposed	86951	Indirect
2016-08-24	Class A Common Stock, par value $0.001 per share	S	16309	$36.5232	Disposed	823597	Indirect
2016-08-24	Class A Common Stock, par value $0.001 per share	S	10360	$36.5232	Disposed	331746	Indirect
2016-08-25	Class A Common Stock, par value $0.001 per share	S	2445	$36.0709	Disposed	84506	Indirect
2016-08-25	Class A Common Stock, par value $0.001 per share	S	14705	$36.0709	Disposed	808892	Indirect
2016-08-25	Class A Common Stock, par value $0.001 per share	S	9340	$36.0709	Disposed	322406	Indirect
2016-08-26	Class A Common Stock, par value $0.001 per share	S	2450	$35.3691	Disposed	82056	Indirect
2016-08-26	Class A Common Stock, par value $0.001 per share	S	14700	$35.3691	Disposed	794192	Indirect
2016-08-26	Class A Common Stock, par value $0.001 per share	S	9340	$35.3691	Disposed	313066	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.