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: Meyer Daniel Harris (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-03	CLASS A COMMON STOCK	S	30000	$36.004	Disposed	1120318	Indirect
2017-11-03	CLASS A COMMON STOCK	S	5000	$37.05	Disposed	1115318	Indirect
2017-11-06	CLASS A COMMON STOCK	S	10000	$36.6604	Disposed	1105318	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
CLASS A COMMON STOCK	642	Direct

Footnotes

F1: The transaction was executed in multiple trades at prices ranging from $35.70 to $36.37. The price reported above reflects the weighted average sales price.

F2: The Reporting Person hereby undertakes to provide upon request to the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

F3: Represents Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") held by the Reporting Person through the Daniel H. Meyer Investment Trust d/t/d 5/15/92 (the "Investment Trust"). The Reporting Person is the grantor, trustee and beneficiary of the Investment Trust. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F4: The transaction was executed in multiple trades at prices ranging from $36.48 to $36.94. The price reported above reflects the weighted average sales price.