Shake Shack Inc. — Director's Dealing 2017

Dec 15, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2017-12-13

Reporting Person: Select Equity Group, L.P. (10% Owner)
Reporting Person: SEG PARTNERS L P (10% Owner)
Reporting Person: SEG PARTNERS II L P (10% Owner)
Reporting Person: SEG Partners Offshore Master Fund, Ltd. (10% Owner)
Reporting Person: Loening George S (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-13	Class A Common Stock, par value $0.001 per share	S	3520	$45.7514	Disposed	337085	Indirect
2017-12-13	Class A Common Stock	S	5473	$45.7514	Disposed	523569	Indirect
2017-12-13	Class A Common Stock	S	1015	$45.7514	Disposed	97387	Indirect
2017-12-14	Class A Common Stock	S	30099	$45.3869	Disposed	306986	Indirect
2017-12-14	Class A Common Stock	S	46769	$45.3869	Disposed	476800	Indirect
2017-12-14	Class A Common Stock	S	8688	$45.3869	Disposed	88699	Indirect

Footnotes

F1: See Exhibit 99.1

F2: See Exhibit 99.1

F3: See Exhibit 99.1

F4: See Exhibit 99.1