Shake Shack Inc. — Director's Dealing 2017

Nov 7, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2017-11-03

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
2017-11-03	Class A Common Stock, par value $0.001 per share	S	4769	$36.9074	Disposed	157488	Indirect
2017-11-03	Class A Common Stock	S	8541	$36.3781	Disposed	148947	Indirect
2017-11-03	Class A Common Stock	S	13371	$36.9074	Disposed	552991	Indirect
2017-11-03	Class A Common Stock	S	23949	$36.3781	Disposed	529042	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	49275	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.

F5: See Exhibit 99.1.

F6: See Exhibit 99.1.