Shake Shack Inc. — Director's Dealing 2019

Aug 14, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2019-08-12

Reporting Person: Flug Jeffrey (Director, 10% Owner)
Reporting Person: Flug 2015 GS Trust U/A/D 12/29/15 (10% Owner)
Reporting Person: Gulf Five Fiduciary Management Corp (10% Owner)
Reporting Person: FLUG SHERYL H (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-08-12	CLASS A COMMON STOCK	S	8794	$90.3119	Disposed	219	Indirect
2019-08-13	CLASS A COMMON STOCK	S	219	$90.575	Disposed	0	Indirect

Footnotes

F1: The transaction was executed in multiple trades at prices ranging from $90.0000 to $90.8950. The price reported above reflects the weighted average sales price.

F2: 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.

F3: Represents Class A Stock of the Issuer held by the Flug 2015 GS Trust UAD 12/29/15 (the "Trust"). Gulf Five Fiduciary Management Corp. is the trustee of the Trust. Sheryl Flug, the wife of Jeffrey Flug, is the President of Gulf Five Fiduciary Management Corp. Each Reporting Person disclaims beneficial ownership of such shares except to the extent of such Reporting Person's pecuniary interest therein.