Shake Shack Inc. — Director's Dealing 2019

Sep 11, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2019-09-09

Reporting Person: GARUTTI RANDALL J (Director, Chief Executive Officer, 10% Owner)
Reporting Person: GARUTTI MARIA L (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-09	CLASS A COMMON STOCK	M	60000	$21	Acquired	90702	Direct
2019-09-09	CLASS A COMMON STOCK	S	37058	$102.6294	Disposed	53644	Direct
2019-09-09	CLASS A COMMON STOCK	S	19042	$103.3988	Disposed	34602	Direct
2019-09-09	CLASS A COMMON STOCK	S	3400	$104.4403	Disposed	31202	Direct
2019-09-09	CLASS A COMMON STOCK	S	500	$105.21	Disposed	30702	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-09-09	Stock Option (Right to Buy)	$21.0	M	60000	Disposed	2025-01-29	CLASS A COMMON STOCK (60000.0)	Direct

Footnotes

F1: The transactions reflected in this Form 4 were effected pursuant to a Rule 10b5-1 Trading Plan that was adopted by Mr. Garutti on August 7, 2019.

F2: The transaction was executed in multiple trades at prices ranging from $102.0550 to $103.0549. The price reported above reflects the weighted average sales price.

F3: Each 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.

F4: The transaction was executed in multiple trades at prices ranging from $103.0550 to $104.0549. The price reported above reflects the weighted average sales price.

F5: The transaction was executed in multiple trades at prices ranging from $104.0550 to $105.0549. The price reported above reflects the weighted average sales price.

F6: The transaction was executed in multiple trades at prices ranging from $105.0550 to $105.2300. The price reported above reflects the weighted average sales price.

F7: An option to purchase 685,000 shares of Class A Common Stock of Shake Shack Inc. (the "Issuer") at $21 per share was granted to Mr. Garutti on January 29, 2015. 137,000 options vested on each of January 29, 2016, January 29, 2017, January 29, 2018, and January 29, 2019, and 137,000 options will vest on January 29, 2020, subject to Mr. Garutti's continued service with the Issuer.