Shake Shack Inc. — Director's Dealing 2016

Jun 2, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2016-05-27

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
2016-05-27	Class A Common Stock, par value $0.001 per share	S	4494	$37.3691	Disposed	134169	Indirect
2016-05-27	Class A Common Stock, par value $0.001 per share	S	27857	$37.3691	Disposed	1347206	Indirect
2016-05-27	Class A Common Stock, par value $0.001 per share	S	17649	$37.3691	Disposed	525775	Indirect
2016-05-31	Class A Common Stock, par value $0.001 per share	S	4494	$37.7673	Disposed	129675	Indirect
2016-05-31	Class A Common Stock, par value $0.001 per share	S	27856	$37.7673	Disposed	1319350	Indirect
2016-05-31	Class A Common Stock, par value $0.001 per share	S	17650	$37.7673	Disposed	508125	Indirect
2016-06-01	Class A Common Stock, par value $0.001 per share	S	6475	$38.1684	Disposed	123200	Indirect
2016-06-01	Class A Common Stock, par value $0.001 per share	S	29537	$38.1684	Disposed	1289813	Indirect
2016-06-01	Class A Common Stock, par value $0.001 per share	S	13988	$38.1684	Disposed	494137	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.