Shake Shack Inc. — Director's Dealing 2016

Aug 19, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2016-08-17

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
2016-08-17	Class A Common Stock, par value $0.001 per share	S	135	$36.3611	Disposed	98915	Indirect
2016-08-17	Class A Common Stock, par value $0.001 per share	S	800	$36.3611	Disposed	895706	Indirect
2016-08-17	Class A Common Stock, par value $0.001 per share	S	515	$36.3611	Disposed	377576	Indirect
2016-08-18	Class A Common Stock, par value $0.001 per share	S	3620	$35.8940	Disposed	95295	Indirect
2016-08-18	Class A Common Stock, par value $0.001 per share	S	21965	$35.894	Disposed	873741	Indirect
2016-08-18	Class A Common Stock, par value $0.001 per share	S	13975	$35.8940	Disposed	363601	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.