Shake Shack Inc. — Director's Dealing 2016

Aug 24, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2016-08-22

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
2016-08-22	Class A Common Stock, par value $0.001 per share	S	2505	$35.6752	Disposed	92790	Indirect
2016-08-22	Class A Common Stock, par value $0.001 per share	S	15060	$35.6752	Disposed	858681	Indirect
2016-08-22	Class A Common Stock, par value $0.001 per share	S	9565	$35.6752	Disposed	354036	Indirect
2016-08-23	Class A Common Stock, par value $0.001 per share	S	3125	$36.0106	Disposed	89665	Indirect
2016-08-23	Class A Common Stock, par value $0.001 per share	S	18775	$36.0106	Disposed	839906	Indirect
2016-08-23	Class A Common Stock, par value $0.001 per share	S	11930	$36.0106	Disposed	342106	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.