Shake Shack Inc. — Director's Dealing 2018

Jul 23, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2018-07-19

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
2018-07-19	Class A Common Stock, par value $0.001 per share ("Class A C	S	15785	$68.4151	Disposed	242572	Indirect
2018-07-19	Class A Common Stock	S	3200	$68.4151	Disposed	49196	Indirect
2018-07-19	Class A Common Stock	S	15890	$68.4151	Disposed	244315	Indirect
2018-07-19	Class A Common Stock	S	9050	$68.3337	Disposed	233522	Indirect
2018-07-19	Class A Common Stock	S	1835	$68.3337	Disposed	47361	Indirect
2018-07-19	Class A Common Stock	S	9115	$68.3337	Disposed	235200	Indirect
2018-07-19	Class A Common Stock	S	7150	$68.3118	Disposed	226372	Indirect
2018-07-19	Class A Common Stock	S	1450	$68.3118	Disposed	45911	Indirect
2018-07-19	Class A Common Stock	S	7200	$68.3118	Disposed	228000	Indirect
2018-07-20	Class A Common Stock	S	1956	$69.2718	Disposed	224416	Indirect
2018-07-20	Class A Common Stock	S	399	$69.2718	Disposed	45512	Indirect
2018-07-20	Class A Common Stock	S	1969	$69.2718	Disposed	226031	Indirect

Footnotes

F1: See Exhibit 99.1

F2: See Exhibit 99.1

F3: See Exhibit 99.1

F4: See Exhibit 99.1